⌘K
t
| Date | 17 Oct 2022 |
| Time | 13:35:39 |
| Category | Miscellaneous |
| ID | 1405D |
The Income & Growth VCT plc
LEI: 213800FPC15FNM74YD92
Offer for Subscription - Update
On 5 October 2022 Mobeus Income & Growth VCT plc (MIG), Mobeus Income & Growth 2 VCT plc (MIG 2), Mobeus Income & Growth 4 VCT plc (MIG 4) and The Income & Growth VCT plc (I&G) announced the launch of new offers for subscription (together the Offers and each an Offer).
The I&G Offer seeks to raise in up to £14 million (Initial Amount), with an over-allotment facility to raise up to a further £8 million (Over-Allotment Facility). The I&G Offer opened for applications at 9.00 a.m. on 17 October 2022.
The I&G Board is pleased to announce that applications have been received for over 65% of the Initial Amount.
Based on the investor appetite, the initial amount is likely to be fully subscribed shortly.The allotment of shares in respect of applications accepted by the Company for the Initial Amount is planned for 16 November 2022.
The I&G Board is pleased to further announce that it has decided to make the Over-Allotment Facility available in full. Potential investors should note that whilst applications can continue to be made, the allotment of shares in respect of applications accepted by the Company for the Over-Allotment will not be made until January 2023.
For further information, please contact:
Gresham House Asset Management Limited Company Secretary
Telephone: +44 (0)20 7382 0999
Please note that I&G and Gresham House cannot give any financial, legal, tax or investment advice.