Last checked at 
8 Jan 2020 16:20
The Income & Growth VCT plc (the "Company")
8 January 2020
Issue of Equity
The Company announces that on 8 January 2020 it allotted and issued 12,939,834 new Ordinary Shares of 1p each ("Shares"). These new Shares in the Company have been issued pursuant to the Offer for subscription with Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc, launched on 25 October 2019, to raise up to £58 million in aggregate, which includes the utilisation of a £20 million over-allotment facility ("the Offer").
In accordance with the allotment formula set out in the prospectus for the Offer, the Shares were issued at prices of between 74.62 and 80.27 pence per Share, depending on the adviser charge (if applicable) and the number of shares issued (after taking roundings into account) pertaining to each application.
Application has been made for the new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on or around 14 January 2020.
Following this allotment, the issued share capital and total voting rights of the Company is 115,789,745 Ordinary Shares of 1p each.
Justin Ward, a director of the Company, was allotted 26,802 Ordinary Shares at a price per share of 74.62 pence and his total holdings are now 26,802, representing 0.02% of the Company's issued Ordinary share capital.
The total application figures are updated daily on the VCT section of the Mobeus website at: https://www.mobeus.co.uk/vct-fundraising.
For further information please contact:
Mobeus Equity Partners LLP,
Company Secretary, on 020 7024 7600.