Income & Growth VCT (The) PLC OFFER FOR SUBSCRIPTION - UPDATE

RNS Number : 6584I

Income & Growth VCT (The) PLC

17 October 2024

 

THE INCOME & GROWTH VCT PLC

LEI: 213800FPC15FNM74YD92

 

OFFER FOR SUBSCRIPTION - UPDATE

 

On 18 June 2024 Mobeus Income & Growth VCT plc (MIG) and The Income & Growth VCT plc (I&G) launched new offers for subscription (together the Offers and each an Offer) subject to, and conditional on, the merger of Mobeus Income & Growth 2 VCT plc with MIG and Mobeus Income & Growth 4 VCT plc with I&G (Merger) being implemented.  The Merger was implemented on 26 July 2024.  The I&G Offer seeks to raise up to £35 million with an over-allotment facility to raise up to a further £10 million (Over-Allotment Facility) contained in a prospectus issued on 18 June 2024.

The I&G Board is pleased to announce that it has now received applications reaching its £45 million limit, including the Over-Allotment Facility. On the basis that such applications are all valid and accepted, the I&G Offer is now fully subscribed. The final allotment of shares in respect of applications accepted by I&G is planned for 28 October 2024, as announced to the London Stock Exchange on 18 September 2024.

 

For further information please contact:

 

Gresham House Asset Management Limited

Company Secretary

 

Telephone: [phone]

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