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14 Sep 2022 15:00
Mobeus Income & Growth VCT plc (MIG) - LEI: 213800HKOSEVWS7YPH79
Mobeus Income & Growth 2 VCT plc (MIG 2) - LEI: 213800LY62XLI1B4VX35
Mobeus Income & Growth 4 VCT plc (MIG 4) - LEI: 213800IFNJ65R8AQW943
The Income & Growth VCT plc (I&G) - LEI: 213800FPC15FNM74YD92
(together the Companies and each a Company)
Joint Announcement - Fundraising Update, Circular and General Meetings
On 15 August 2022, the boards of directors of the Companies (Boards) each announced their intention to raise further funds through new offers for subscription (Offers). It is anticipated that the prospectus in relation to the Offers will be available in early October. The maximum amount each Board will be seeking to raise is set out below:
MIG | MIG 2 | MIG 4 | I&G | |
Offer size | ÂŁ14 million (with an over-allotment facility of ÂŁ8 million) | ÂŁ8 million (with an over-allotment facility of ÂŁ8 million) | ÂŁ11 million (with an over-allotment facility of ÂŁ5 million) | ÂŁ14 million (with an over-allotment facility of ÂŁ8 million) |
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 has convened a general meeting to seek additional shareholder allotment authorities. Each Company is also taking the opportunity to take authority from its shareholders to cancel its share premium account and redemption reserve.
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 12 October 2022 at the offices of Gresham House Asset Management Limited, 80 Cheapside, London EC2V 6EE as follows:
· MIG General Meeting to be held at 11.00 a.m.
· MIG 2 General Meeting to be held at 11.30 a.m.
· MIG 4 General Meeting to be held at noon
· I&G General Meeting to be held at 12.30 p.m.
Copies of the Circular will shortly be available for download from the Company's relevant websites:
· MIG: www.migvct.co.uk Â
· MIG 2: www.mig2vct.co.uk Â
· MIG 4: www.mig4vct.co.uk
· I&G: www.theincomeandgrowthvct.co.uk
and through the national storage mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
Telephone: 020 7382 0999
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