We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobeus Income & Growth 4 Vct Plc | LSE:MIG4 | London | Ordinary Share | GB00B1FMDH51 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
JOINT ANNOUNCEMENT - MERGER DISCUSSIONS
Mobeus Income & Growth VCT plc (LEI: 213800HKOSEVWS7YPH79)
Mobeus Income & Growth 2 VCT plc (LEI: 213800LY62XLI1B4VX35)
Mobeus Income & Growth 4 VCT plc (LEI: 213800IFNJ65R8AQW943)
The Income & Growth VCT plc (LEI: 213800FPC15FNM74YD92)
28 February 2024
Merger Discussions
The boards of directors of Mobeus Income & Growth VCT plc (MIG), Mobeus Income & Growth 2 VCT plc (MIG 2), Mobeus Income & Growth 4 VCT plc (MIG 4) and The Income & Growth VCT plc (I&G) (together the Companies) announce that they have entered into discussions regarding the possibility of merging the four Companies into two (Mergers) to achieve, amongst other things, cost savings, administration efficiency and simplicity.
If the Mergers are to proceed, the current intentions are that:
· MIG 2 would be merged into MIG and MIG 4 would be merged into I&G (MIG and I&G being an Acquirer VCT and MIG 2 and MIG 4 being a Target VCT); and
· each Merger would be effected pursuant to a scheme of reconstruction under s.110 of the Insolvency Act 1986 by transferring the assets and liabilities of the Target VCT to the Acquirer VCT in consideration for new Acquirer VCT shares to be issued to the Target VCT's shareholders on a relative net asset value basis. A merger solely on this basis would be outside the provisions of The City Code on Takeovers and Mergers.
Each Merger will be subject to the approval of the shareholders of the relevant two Companies. However, the Mergers will only be proposed if the boards of all Companies agree to put proposals to their respective shareholders so as to be able to implement both Mergers.
A further announcement will be made in due course.
This announcement contains inside information for the purposes of article 7 of Regulation 2014/596/EU (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) (UK MAR). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.
For further information, please contact:
Gresham House Asset Management Limited
Company Secretary
Telephone: +44 (0)20 7382 0999
1 Year Mobeus Income & Growth 4... Chart |
1 Month Mobeus Income & Growth 4... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions