Preservica

VCT fundraising target achieved for the 2019/20 tax year

VCT Offers for the 2019/20 Tax Year - fundraising target achieved

Update on Coronavirus from Mobeus

6 April 2020

The 2019/20 Offer for each VCT is now closed after a second allotment of shares occurred on 2nd April 2020, for MIG VCT, MIG 2 VCT and MIG 4 VCT. I&G VCT  had already closed its Offer after the first allotment on 8th January 2020.  The Offers have allotted applications totalling £59.8 million in total, a very pleasing result. The VCT Boards and Mobeus are very grateful for this level of support.

Investors who have been allotted shares in the second allotment will shortly receive a statement from The City Partnership (the receiving agents), advising what number of shares have been allotted to that investor for each VCT. Within 10 working days of allotment, investors should then receive share and income tax certificates in each VCT from that VCT’s registrars (For MIG VCT: from Computershare (tel: 0370 707 1155); for MIG 2 VCT and MIG 4 VCT, Link Asset Services (tel: 0371 664 0324). If you have any queries, call vcts@mobeus.co.uk ; tel: 020 7024 7600.

To download any of the Offer documents (the Securities Note, Supplementary Prospectuses, Registration Document, KIDs and Application Form), or to read the Tax Efficient Review, click on the links under Key Downloads.

Fundraising target achieved

Cumulative value of applications received under the four Mobeus offers
Represented by
Mobeus Income & Growth
Now fully subscribed (£10m with an over allotment facility to raise up to a further £5m)
Mobeus Income & Growth 2
Now fully subscribed (£15m with an over allotment facility to raise up to a further £5m and an increase of a further £1.8m in Offer size)
Mobeus Income & Growth 4
Now fully subscribed (£8m with an over allotment facility to raise up to a further £5m)
The Income & Growth
Now fully subscribed (£5m with an over allotment facility to raise up to a further £5m)

Applications received up to and including 14/01/2020

 

Important Notices:

  • On 28th February 2020, Mobeus Income & Growth 2 VCT announced via RNS that the increase in its Offer size of up to a further £2.1 million, announced on 6th February 2020 as detailed below, had been satisfied by subscription forms already received. This further Offer is therefore now satisfied and is closed to further applications.
  • On 6th February 2020, Mobeus Income & Growth 2 VCT plc announced via RNS that its Offer size was being increased by up to a further £2.1 million, which is expected to be fully satisfied by subscription forms already received. Assuming they are all accepted, this further Offer is now fully subscribed.
  • On 13 January 2020, Mobeus Income & Growth 2 VCT plc announced via RNS that it had reached both its initial £15m limit, and the £5m over allotment facility.  On the basis of subscription forms received as of 10 January 2020, and assuming they are all accepted, the Company’s £20 million Offer is now fully subscribed.
  • On 8 January 2020, Mobeus Income & Growth 4 VCT plc announced via RNS that it had reached both its initial £8m limit, and the £5m over allotment facility.  On the basis of subscription forms received as of 8 January 2020, and assuming they are all accepted, the Company’s £13 million Offer is now fully subscribed.
  • On 8 January 2020, Mobeus Income & Growth VCT plc announced via RNS that it had reached both its initial £10m limit, and the £5m over allotment facility.  On the basis of subscription forms received as of 8 January 2020, and assuming they are all accepted, the Company’s £15 million Offer is now fully subscribed.
  • ** Erratum **
    Please note that the Supplementary Prospectus contains an error on the front page. Beneath the main middle heading, 'Supplementary Prospectus', on the front page, the document reports Offers for Subscription to raise up to £50 million, with over-allotment facilities of £30 million. These figures are incorrect and should read Offers for Subscription to raise up to £38 million, with over-allotment facilities of £20 million, as the rest of the document states.
  • On 20 December 2019, the Board of Mobeus Income & Growth 2 VCT plc announced via RNS that the optional over-allotment facility of £5 million will be used in relation to the Offer. This increases the maximum amount which can be raised under the Offer in respect of the Company to a total of £20 million.
  • On 20 December 2019, The Income & Growth VCT plc announced via RNS that it had reached both its initial £5m limit, and the £5m over allotment facility.  On the basis of subscription forms received as of 20 December 2019, and assuming they are all accepted, the Company’s £10 million Offer is now fully subscribed.
  • On 19 November 2019, the Board of Mobeus Income & Growth VCT plc announced via RNS that the optional over-allotment facility of £5 million will be used in relation to the Offer. This increases the maximum amount which can be raised under the Offer in respect of the Company to a total of £15 million.
  • On 19 November 2019, the Board of Mobeus Income & Growth 4 VCT plc announced via RNS that the optional over-allotment facility of £5 million will be used in relation to the Offer. This increases the maximum amount which can be raised under the Offer in respect of the Company to a total of £13 million.
  • On 14 November 2019, the Board of The Income & Growth VCT plc announced via RNS that the optional over-allotment facility of £5 million will be used in relation to the Offer. This increases the maximum amount which can be raised under the Offer in respect of the Company to a total of £10 million.

The last fundraising by the Mobeus VCTs in 2017/2018 proved to be very popular with investors. The Mobeus VCTs raised £80 million in aggregate, with the offers becoming fully subscribed well before the end of the 2017/2018 tax year.

Please direct any questions to:

Email vcts@mobeus.co.uk

Telephone 020 7024 7600

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Portunus Investment Solutions Limited
Office 416
83 Victoria Street
London SW1H 0HW

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