Mobeus Income & Growth 4 VCT PLC Fundraising Update, Circular and General Meetings (3183Z)
September 14 2022 - 10:00AM
UK Regulatory
TIDMMIG4
RNS Number : 3183Z
Mobeus Income & Growth 4 VCT PLC
14 September 2022
Mobeus Income & Growth VCT plc (MIG) - LEI: 213800HKOSEVWS7YPH79
Mobeus Income & Growth 2 VCT plc (MIG 2) - LEI: 213800LY62XLI1B4VX35
Mobeus Income & Growth 4 VCT plc (MIG 4) - LEI: 2 13800IFNJ65R8AQW943
The Income & Growth VCT plc (I&G) - LEI: 213800FPC15FNM74YD92
(together the Companies and each a Company)
Joint Announcement - Fundraising Update, Circular and General
Meetings
On 15 August 2022, the boards of directors of the Companies
(Boards) each announced their intention to raise further funds
through new offers for subscription (Offers). It is anticipated
that the prospectus in relation to the Offers will be available in
early October. The maximum amount each Board will be seeking to
raise is set out below:
MIG MIG 2 MIG 4 I&G
Offer GBP14 million GBP8 million GBP11 million GBP14 million
size (with an over-allotment (with an over-allotment (with an over-allotment (with an over-allotment
facility of facility of facility of facility of
GBP8 million) GBP8 million) GBP5 million) GBP8 million)
------------------------- ------------------------- ------------------------- -------------------------
As the Companies currently have limited authority from
shareholders of the Companies to allot (having disapplied
pre-emption rights) shares for the purposes of the proposed Offers,
each Company has convened a general meeting to seek additional
shareholder allotment authorities. Each Company is also taking the
opportunity to take authority from its shareholders to cancel its
share premium account and redemption reserve.
A joint circular (Circular) issued by the Companies has been
posted to shareholders today to convene the general meetings
(General Meetings and each a General Meeting) to be held on 12
October 2022 at the offices of Gresham House Asset Management
Limited, 80 Cheapside, London EC2V 6EE as follows:
-- MIG General Meeting to be held at 11.00 a.m.
-- MIG 2 General Meeting to be held at 11.30 a.m.
-- MIG 4 General Meeting to be held at noon
-- I&G General Meeting to be held at 12.30 p.m.
Copies of the Circular will shortly be available for download
from the Company's relevant websites:
-- MIG: www.migvct.co.uk
-- MIG 2: www.mig2vct.co.uk
-- MIG 4: www.mig4vct.co.uk
-- I&G: www.theincomeandgrowthvct.co.uk
and through the national storage mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
Telephone: 020 7382 0999
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END
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