25th Oct 2019 16:25
(Alliance News) - Mobeus Income & Growth VCT PLC, Mobeus Income & Growth 2 PLC, Mobeus Income & Growth 4 PLC and Income & Growth VCT PLC said Friday they intend to raise up to GBP38 million in aggregate through a subscription offer.
The four venture capital trusts are managed by Mobeus Equity Partners LLP plan to raise up to GBP38 million through the share subscription, with a further GBP20 million available in an over-allotment facilities.
MIG is looking to raise up to GBP10 million, MIG 2 GBP15 million, MIG 4 GBP8 million and Income & Growth GBP5 million.
Including over-allotment facilities, the firms could raise up to GBP15 million for MIG, GBP20 million for MIG 2, GBP13 million for MIG 4 and GBP10 million for Income & Growth.
Offers have opened with immediate effect, closing on March 31, 2020.
Shares in MIG, MIG 2 and MIG 4 were untraded at 64.50 pence, 84.50p, and 69.50p respectively in London on Friday. Shares in Income & Growth were untraded at 71.00p.
By Ahren Lester; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
Mobeus I&gMIG.LMIG4.LInc&gwth Vct