Income & Growth VCT (The) PLC Increase in Offer size. Expiry of early incentive. (2764V)
November 01 2017 - 7:45AM
UK Regulatory
TIDMIGV
RNS Number : 2764V
Income & Growth VCT (The) PLC
01 November 2017
The Income & Growth VCT plc
1 November 2017
Mobeus VCTs trigger increase in Offer size due to strong
investor demand. Expiry of early investment incentive discount.
On 6 September 2017, the boards of The Income & Growth VCT
plc ("the Company"), Mobeus Income & Growth VCT plc, Mobeus
Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT
plc launched offers for subscription to raise in aggregate up to
GBP50 million, with over-allotment facilities to raise in aggregate
up to a further GBP30 million ("the Offers").
The Company announces that, due to strong investor demand which
has already exceeded GBP50 million, the Boards of all four
Mobeus-advised VCTs have each announced their decision to utilise
their respective over-allotment facilities, increasing the maximum
Offer Size up to GBP80 million in aggregate.
Future applicants should be aware that the early investment
incentive discount of 1% is no longer available to investors
subscribing for the further GBP30 million available through the
over-allotment facility.
For further information please contact:
Rob Brittain
Mobeus Equity Partners LLP
Telephone: 020 7024 7600
This information is provided by RNS
The company news service from the London Stock Exchange
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