Mobeus Income & Growth 4 VCT PLC Notice of GM (8734L)
11 September 2019 - 2:00AM
UK Regulatory
TIDMMIG4 TIDMMIX TIDMMIG TIDMIGV
RNS Number : 8734L
Mobeus Income & Growth 4 VCT PLC
10 September 2019
Mobeus Income & Growth VCT plc (MIG)
Mobeus Income & Growth 2 VCT plc (MIG2)
Mobeus Income & Growth 4 VCT plc (MIG4)
The Income & Growth VCT plc (I&G)
(together the Companies and each a Company)
Joint Announcement - Fundraising Update, Circular and General
Meetings
On 29 July 2019, the boards of directors of the Companies each
announced their intention to raise funds through offers for
subscription (together the Offers and each an Offer). It is
anticipated that the prospectus in relation to the Offers will be
available in October. The maximum amount each Company will be
seeking to raise is set out below:
Company MIG MIG 2 MIG 4 I&G
Offer size GBP10 million GBP15 million GBP8 million GBP5 million
(with an over-allotment (with an over-allotment (with an over-allotment (with an over-allotment
facility of facility of facility of facility of
GBP5 million) GBP5 million) GBP5 million) GBP5 million)
------------------------ ------------------------- ------------------------- -------------------------
As MIG, MIG 2 and MIG 4 currently have limited shareholder
authority to allot (having disapplied pre-emption rights) shares
for the purposes of the proposed Offers, each of those Companies
intends to seek additional authority from its shareholders.
A joint circular (Circular) issued by MIG, MIG 2 and MIG 4 has
been posted to shareholders today to convene general meetings
(together the General Meetings and each a General Meeting) to be
held on 11 October 2019 at the offices of Shakespeare Martineau
LLP, 60 Gracechurch Street, London EC3V 0HRas follows:
-- MIG General Meeting to be held at 9.30 a.m.
-- MIG 2 General Meeting to be held at 10.00 a.m.
-- MIG 4 General Meeting to be held at 10.30 a.m.
At each General Meeting, a resolution will be proposed to seek
authority from the relevant Company's shareholders to allot shares
(having dis-applied pre-emption rights) in that Company. Further
explanation of these resolutions can be found in the Circular.
Copies of the Circular will shortly be available for download
from the Mobeus website (www.mobeusequity.co.uk/vct-investors) and
from the National Storage Mechanism
(http://www.morningstar.co.uk/uk/nsm).
For further information, please contact:
Mobeus Equity Partners LLP
Rob Brittain
Telephone: 020 7024 7600
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contact rns@lseg.com or visit www.rns.com.
END
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