Mobeus Income & Growth 4 VCT PLC Fundraising Update, Circular and General Meetings (4519K)
July 07 2017 - 4:47AM
UK Regulatory
TIDMMIG4
RNS Number : 4519K
Mobeus Income & Growth 4 VCT PLC
07 July 2017
Mobeus Income & Growth VCT plc
Mobeus Income & Growth 2 VCT plc
Mobeus Income & Growth 4 VCT plc
The Income & Growth VCT plc
(together the "Companies" and each a "Company")
Joint Announcement - Fundraising Update, Circular and General
Meetings
On 24 May 2017, the boards of directors of the Companies
("Boards") each announced their intention to raise funds through
offers for subscription ("Offers"). It is anticipated that the
prospectus in relation to the Offers will be available in
September. The maximum amount each Board will be seeking to raise
is set out below:
Company MIG MIG 2 MIG 4 I&G
------------- -------------- -------------- -------------- --------------
Expected GBP25 million GBP15 million GBP15 million GBP25 million
maximum
Offer size*
------------- -------------- -------------- -------------- --------------
*These are the Boards' current intentions regarding the expected
maximum Offer sizes.
As the Companies currently have limited authority from
shareholders of the Companies to allot (having disapplied
pre-emption rights) shares for the purposes of the proposed Offers,
each Company intends to seek additional shareholders'
authorities.
A joint circular ("Circular") issued by the Companies has been
posted to shareholders today to convene the general meetings
("General Meetings" and each a "General Meeting") to be held on 3
August 2017 at the offices of Mobeus Equity Partners LLP, 30
Haymarket, London SW1Y 4EX as follows:
-- MIG General Meeting to be held at 9.30 a.m.
-- MIG 2 General Meeting to be held at 10.30 a.m.
-- MIG 4 General Meeting to be held at 11.30 a.m.
-- I&G General Meeting to be held at 12.30 p.m.
At each General Meeting, a resolution will be proposed to seek
authority from that Company's shareholders to allot shares (having
dis-applied pre-emption rights) in the relevant Company. Further
explanation of these resolutions can be found in Part II of the
Circular.
Copies of the Circular will shortly be available for download
from the Mobeus website (www.mobeusequity.co.uk/vct-investors) and
from the National Storage Mechanism
(http://www.hemscott.com/nsm.do).
For further information, please contact:
Mobeus Equity Partners LLP
Rob Brittain
Telephone: 020 7024 7600
This information is provided by RNS
The company news service from the London Stock Exchange
END
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