Income & Growth VCT (The) PLC Fundraising Update (6907X)
20 Dicembre 2019 - 05:00PM
UK Regulatory
TIDMIGV
RNS Number : 6907X
Income & Growth VCT (The) PLC
20 December 2019
THE INCOME & GROWTH VCT PLC (the "Company")
THE OFFER FOR SUBSCRIPTION IS NOW FULLY SUBSCRIBED
The Board of The Income & Growth VCT plc is pleased to
announce that, in accordance with its offer for subscription under
the Prospectus dated 25 October 2019 (the "Offer"), the Company has
now reached both its initial GBP5m limit, and the GBP5m over
allotment facility, the utilisation of which was announced on 14
November 2019. On the basis of subscription forms received as of 20
December 2019, and assuming they are all accepted, the GBP10
million Offer is now fully subscribed.
This Offer was launched in conjunction with those launched by
Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2
VCT plc and Mobeus Income & Growth 4 VCT plc (together the
"Companies"). In aggregate, the Companies sought to raise up to a
total of GBP38 million, with optional over-allotment facilities to
raise up to a further GBP20 million.
Allotments in respect of valid applications received prior to
the Offer closing are expected to take place in the first two weeks
of January 2020. Dealing in such shares is expected to commence
within 3 business days following allotment.
The offers in respect of the three companies still participating
in the joint-offers remain open and valid applications for shares
in the Company received subsequent to the Offer closing will be
dealt with in accordance with prospective investors' instructions
on their application forms.
For further information please contact:
The City Partnership
Receiving Agents
T: +44 131 243 7210
Mobeus Equity Partners LLP,
Company Secretary
T: +44 20 7024 7600
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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