Income & Growth VCT (The) PLC Publication of Suppl.Prospcts (0759I)
March 30 2020 - 6:53AM
UK Regulatory
TIDMIGV
RNS Number : 0759I
Income & Growth VCT (The) PLC
30 March 2020
Joint Announcement
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) (together the
Companies)
Issue of Fourth Supplementary Prospectus
The Companies issued a prospectus ( constituted by a summary,
securities note and registration document) dated 25 October 2019
(Prospectus) relating to the offers for subscription to raise , in
aggregate, up to GBP38 million, with over-allotment facilities to
raise, in aggregate, up to a further GBP20 million and, in the case
of Mobeus Income & Growth 2 VCT plc only, a further increase to
raise up to a further GBP2.1 million (Offers and each an Offer).
The Prospectus has been updated through the issue of supplementary
prospectuses dated 20 December 2019, 7 February 2020 and 25
February 2020 (First Supplementary Prospectus, Second Supplementary
Prospectus and Third Supplementary Prospectus respectively).
The Companies have each announced utilisation of their
over-allotment facilities. I&G has announced that its Offer was
fully subscribed, that all I&G Offer Shares have been allotted
and that its Offer has closed. MIG, MIG 2 and MIG 4 have each
announced that their respective Offers are fully subscribed.
On 26 March 2020 each of the Companies published an unaudited
NAV per Share as at 24 March 2020 reflecting reductions generally
across the portfolio as a result of the market conditions arising
from the Coronavirus (Covid-19) pandemic (Updated NAV
Announcements).
In respect of MIG, MIG 2 and MIG 4, the Updated NAV
Announcements is a significant new factor in relation to the
Prospectus (as updated by the First Supplementary Prospectus, the
Second Supplementary Prospectus and the Third Supplementary
Prospectus).
The Boards of the Companies announce that they have published a
fourth supplementary prospectus (Fourth Supplementary Prospectus)
to the Prospectus (as updated by the First Supplementary
Prospectus, the Second Supplementary Prospectus and the Third
Supplementary Prospectus) as a result of the Updated NAV
Announcements for MIG, MIG 2 and MIG 4 .
A copy of the Fourth Supplementary Prospectus has been submitted
to the Financial Conduct Authority and will shortly be available
for inspection at the National Storage Mechanism, which is located
at:
www.morningstar.co.uk/uk/nsm
Copies of this Fourth Supplementary Prospectus, together with
the Prospectus, the First Supplementary Prospectus, the Second
Supplementary Prospectus and the Third Supplementary Prospectus,
are available from the following website:
www.mobeus.co.uk/vct-fundraising
For further information please contact:
Rob Brittain
Mobeus Equity Partners LLP , Company Secretary, on 020 7024
7600
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END
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