StockMarketWire.com - The Income & Growth VCT will receive $8.4m following the closing of its linked offer for subscription with Mobeus Income & Growth VCT, Mobeus Income & Growth 2 VCT and Mobeus Income & Growth 4 VCT.

The offer was launched on 28 November to raise, in aggregate, up to £24m. This was subsequently increased on 24 March to £34m in response to increased investor demand.

The boards said the offer has raised gross proceeds of £33.7m, with each company receiving £8.4m. A final allotment of shares under the offer, which will be in respect of the £3.2m gross proceeds raised in the 2014-15 tax year, will be undertaken by 9 June. At that point, each company will announce the final numbers and issue prices of the shares each has allotted under the offer and their issued share capital. Dealings in the shares are expected to commence within three business days thereafter.




At 9:47am:

[LON:IGV] Income Growth Vct Plc the share price was 0p at 105.5p

[LON:MIG] Mobeus Income Growth 2 VCT PLC share price was 0p at 103p

(LON:MIG4) Mobeus Income Growth 4 VCT PLC share price was 0p at 109p

[LON:MIX] Mobeus Income Growth VCT PLC share price was 0p at 94p



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