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Mobeus Income & Growth 2 VCT plc (MIG 2) announced on 17 October 2022 that its Offer for Subscription, which opened at 9:00 a.m. on the same day seeking to raise an initial £8 million, has received applications for this full amount. The MIG 2 Board has also made the full £8 million over-allotment facility available, with initial allotments planned for 16 November 2022 and over-allotment shares in January 2023.
| Date | 17 Oct 2022 |
| Time | 13:20:28 |
| Category | Miscellaneous |
| ID | 1392D |
Mobeus Income & Growth 2 VCT plc
LEI: 213800LY62XLI1B4VX35
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 MIG 2 Offer seeks to raise in up to £8 million (Initial Amount), with an over-allotment facility to raise up to a further £8 million (Over-Allotment Facility). The MIG 2 Offer opened for applications at 9.00 a.m. on 17 October 2022.
The MIG 2 Board are pleased to announce that applications have been received for the Initial Amount. On the basis that such applications are all valid and accepted, the Initial Amount is now fully subscribed. The allotment of shares in respect of applications accepted by the Company for the Initial Amount is planned for 16 November 2022.
The MIG 2 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 MIG 2 and Gresham House cannot give any financial, legal, tax or investment advice.