Income & Growth VCT (The) PLC Increase in Offer size. Expiry of early incentive. (2764V)

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RNS Number : 2764V

Income & Growth VCT (The) PLC

01 November 2017

The Income & Growth VCT plc

1 November 2017

Mobeus VCTs trigger increase in Offer size due to strong investor demand. Expiry of early investment incentive discount.

On 6 September 2017, the boards of The Income & Growth VCT plc ("the Company"), Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plc launched 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").

The Company announces that, due to strong investor demand which has already exceeded GBP50 million, the Boards of all four Mobeus-advised VCTs have each announced their decision to utilise their respective over-allotment facilities, increasing the maximum Offer Size up to GBP80 million in aggregate.

Future applicants should be aware that the early investment incentive discount of 1% is no longer available to investors subscribing for the further GBP30 million available through the over-allotment facility.

For further information please contact:

Rob Brittain

Mobeus Equity Partners LLP

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2017 08:45 ET (12:45 GMT)