Mobeus Income & Growth VCT PLC Issue of Equity (6120H)
14 March 2018 - 3:25AM
UK Regulatory
TIDMMIX
RNS Number : 6120H
Mobeus Income & Growth VCT PLC
13 March 2018
Mobeus Income & Growth VCT plc (the "Company")
13 March 2018
Issue of Equity
The Company announces that on 13 March 2018 it allotted and
issued 7,618,144 new Ordinary Shares of 1p each ("Shares"). These
new Shares in the Company have been issued pursuant to the Offer
for subscription with The Income & Growth VCT plc, Mobeus
Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT
plc, launched on 6 September 2017, to raise up to GBP80 million in
aggregate ("the Offer").
In accordance with the allotment formula set out in the
prospectus for the Offer, the Shares were issued at prices of
between 70.08 pence and 75.36 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 20 March 2018.
Following this allotment, the issued share capital of the
Company is 108,580,981 Ordinary Shares of 1p each.
In accordance with the terms of the Offer, the maximum value of
subscriptions in respect of the Company, totalling GBP25 million,
has now been reached. The Board announces that the Company's Offer
is therefore closed.
For further information please contact:
Robert King at Mobeus Equity Partners LLP,
Company Secretary, on 020 7024 7600.
This information is provided by RNS
The company news service from the London Stock Exchange
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March 13, 2018 12:25 ET (16:25 GMT)
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