THE
INCOME & GROWTH VCT PLC
(the "Company")
LEI: 213800FPC15FNM74YD92
Issue of Equity and Total
Voting Rights
The Company
announces that on 28 October 2024 it allotted and issued
22,939,334 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 ("MIG"), launched on 18 June
2024, to
raise up to £70 million, in aggregate, with over-allotment
facilities to raise, in aggregate, up to a further £20 million
("the Offer").
In accordance with
the allotment formula set out in the prospectus for the Offer, the
Shares were issued at prices of between 71.13 and 74.57 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 Financial Conduct Authority and dealings are
expected to commence on or around 1
November 2024.
Following this
allotment, the issued share capital and total voting rights of the
Company are 330,684,390 Ordinary Shares and the total number of
shares with voting rights in the Company is 330,684,390. The
Company does not hold any shares in Treasury.
The above
figure 330,684,390 can be used by Shareholders as the denominator for the
calculations by which to determine if they are required to notify
their interest in, or a change to, their interest in the Company
under the FCA's Disclosure and Transparency Rules.
The Offer, as set out in the
prospectus published by the Company and MIG on 18 June 2024, has
reached the maximum number of subscriptions and all the shares have
been allotted The Offer is now closed for further applications,
having raised gross funds of £45 million, £43,388,079.56 million
after expenses.
For further information, please
contact:
Gresham House Asset Management
Limited
Company Secretary
Tel: 020 7382 0999