Admission to AIM of Virgin Wines UK plc
The Boards of the four Mobeus Advised VCTs (Mobeus Income & Growth VCT plc (“MIG”), Mobeus Income & Growth 2 VCT plc (“MIG2”), Mobeus Income & Growth 4 VCT plc (“MIG4”) and The Income & Growth VCT plc (“I&G”) (the “Mobeus VCTs”, “Companies”)) were pleased to report that, on 2 March 2021, Virgin Wines UK plc ("Virgin Wines"), an existing portfolio company, was admitted to trading on the Alternative Investment Market ("AIM") of the London Stock Exchange, alongside a placing of new and existing shares.
The Placing Price of these shares was £1.97 per share, valuing Virgin Wines at a market capitalisation of £110m. The Mobeus VCTs’ Boards and Mobeus Equity Partners LLP have been proud to partner the management of Virgin Wines in growing this business. Both the Boards and Mobeus continue to support Virgin Wines and its future development and are pleased to be retaining each VCT’s entire equity holding.
The Boards of each of the Companies made the following RNS announcements on 2 March which will be relevant to Shareholders. The estimated increase in NAV per share for each Mobeus VCT, at the date of the placing, is detailed via the links below. However, it should be noted that the increase in unaudited NAV per share for each Mobeus VCT is in isolation to other changes in the Companies’ balance sheets, valuations and other transaction movements in the Companies’ investment portfolios, that will also have affected each Company’s NAV per share since 31 December 2020. The unaudited NAV per share in respect of each of MIG and MIG4 is subject to the finalisation of their annual audits.
For further details on the transaction, including the partnership and support provided to Management by the Investment Adviser, Mobeus Equity Partners LLP, please visit the Mobeus website: