Mobeus Income & Growth 2 VCT PLC Over-Allotment Facility (5739T)
13 October 2017 - 9:23PM
UK Regulatory
TIDMMIG
RNS Number : 5739T
Mobeus Income & Growth 2 VCT PLC
13 October 2017
Mobeus Income & Growth 2 VCT plc
13 October 2017
Fundraising update - Decision to utilise over-allotment
facility
The boards of Mobeus Income & Growth VCT plc, Mobeus Income
& Growth 2 VCT plc (the "Company"), Mobeus Income & Growth
4 VCT plc and The Income & Growth VCT plc launched on 6
September 2017 offers for subscription to raise, in aggregate, up
to GBP50 million, with over-allotment facilities to raise, in
aggregate, up to a further GBP30 million ("the Offers" and each an
"Offer").
The board of directors of the Company ("the Board") is pleased
to report that, since the Offers were launched and following strong
demand from investors, the Company has received applications for
subscription totalling GBP8.1 m in respect of its Offer. This
amounts to 81% of the initial GBP10 million the Company is seeking
to raise under its Offer.
In light of continuing strong demand from investors, and after
consultation with Mobeus Equity Partners LLP, as Promoter to the
Offers, the Board has today decided to utilise the over-allotment
facility to raise up to a further GBP5 million under its Offer.
As previously notified, the Offers will close at 12 noon on 4
April 2018, unless an Offer is fully subscribed by an earlier date
or otherwise closed at the relevant directors' discretion.
Investors who successfully apply for shares pursuant to the
Offers up to the earlier of the first GBP50 million, in aggregate,
being raised across the Offers, or 3 November 2017, will be
eligible to receive an early investment incentive discount of 1% of
the amount they subscribe for under the Offers.
As at the close of business on 12 October 2017, the cumulative
value of applications received and expected to be accepted under
all four of the Offers was GBP35.9 million. The early investment
incentive discount will therefore only apply to the next GBP14.1
million of successful applications, if applied for prior to 3
November 2017.
For further updates on the current cumulative value of
applications received, and to see full details of the Offers and
the Prospectus, please visit
www.mobeusequity.co.uk/vct-investors/fundraising.
For further information please contact:
Rob Brittain
Mobeus Equity Partners LLP
Telephone: 020 7024 7600
This information is provided by RNS
The company news service from the London Stock Exchange
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