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Mobeus Income & Growth 2 VCT PLC (MIG 2) announced on 08 November 2022 that its Offer for Subscription, launched on 5 October 2022, is now fully subscribed. The company received applications reaching its £16 million limit, which includes an £8 million Initial Amount and an £8 million Over-Allotment Facility. Allotment of shares for the Initial Amount is planned for 16 November 2022, and for the Over-Allotment Facility on 16 January 2023.
| Date | 8 Nov 2022 |
| Time | 17:42:03 |
| Category | Capital structure |
| ID | 7412F |
MOBEUS INCOME & GROWTH 2 VCT PLC
LEI: 213800LY62XLI1B4VX35
THE OFFER FOR SUBSCRIPTION IS NOW FULLY SUBSCRIBED
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 up to £8 million ("Initial Amount", with an over-allotment facility to raise up to a further £8 million ("Over-Allotment Facility") contained in a prospectus ("Prospectus").
The Board of MIG 2 is pleased to announce that it has now received applications reaching its £16 million limit, including the Over-Allotment Facility. On the basis that such applications are all valid and accepted, the MIG 2 Offer is now fully subscribed. The allotment of shares in respect of applications accepted by the Company in respect of the Initial Amount is planned for 16 November 2022 and in respect of the Over-Allotment Facility for 16 January 2023, as set out in the Prospectus.
For further information please contact:
Gresham House Asset Management Limited
Company Secretary
Telephone: +44 (0)20 7382 0999