TIDMMIG4

RNS Number : 3183Z

Mobeus Income & Growth 4 VCT PLC

14 September 2022

   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: 2 13800IFNJ65R8AQW943 
   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        GBP14 million               GBP8 million              GBP11 million              GBP14 million 
  size    (with an over-allotment    (with an over-allotment    (with an over-allotment    (with an over-allotment 
                facility of                facility of                facility of                facility of 
               GBP8 million)              GBP8 million)              GBP5 million)              GBP8 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 
   --      MIG 2: www.mig2vct.co.uk 
   --      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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