Mobeus Income & Growth 2 VCT plc (MIG 2), Mobeus Income & Growth VCT plc, Mobeus Income & Growth 4 VCT plc and The Income & Growth VCT plc (together the Companies)issued a prospectus (constituted by a summary, securities note and registration document)dated 25 October 2019 (Prospectus) relating to the offers for subscription to raise, in aggregate, up to £38 million, with over-allotment facilities to raise, in aggregate, up to a further £20 million (Offersand each an Offer).
The MIG 2 Board is pleased to announce that, due to investor demand, it had decided to increase the MIG 2 Offer size to raise up to a further £2.1 million (MIG 2 Offer Increase). The MIG 2 Offer Increase is expected to be fully satisfied from the applications already received in respect of the Offers.
For further information please contact:
Rob Brittain
Mobeus Equity Partners LLP
Company Secretary
020 7024 7600
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Mobeus Income & Growth 2 VCT plc published this content on 06 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2020 15:47:00 UTC
Mobeus Income & Growth 2 VCT plc is a venture capital trust (VCT). The objective of the Company is to provide investors with a regular income stream by way of tax-free dividends and to generate capital growth through portfolio realizations which can be distributed by way of additional tax-free dividends, while continuing at all times to qualify as a VCT. The Company invests primarily in a diverse portfolio of the United Kingdom unquoted companies. Its investments are usually structured as part loan stock and part equity in order to produce a regular income stream and to generate capital gains from realizations. The Company invests across a range of sectors, which includes software and computer services, retailers, industrial support services, technology, hardware and equipment, travel and leisure, general industries, food producers, construction and materials, consumer services and healthcare. The Companyâs investment adviser is Gresham House Asset Management Limited.