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Mobeus Income & Growth VCT PLC Announces Details on Enhanced Buyback Facility


Monday, 28 Jan 2013 02:00am EST 

Mobeus Income & Growth VCT PLC announced that the Board of Directors (Board) of the Company is sending out a circular (Circular) to shareholders in relation to a proposed enhanced buyback facility, such scheme being for up to 50% of the issued share capital of the Company (Enhanced Buyback Facility). Implementation of the Enhanced Buyback Facility is subject to shareholder approval being provided at a general meeting convened for March 22, 2013 pursuant to the Circular. The Enhanced Buyback Facility has opened for application. The Company is offering to purchase up to a maximum of 24,016,511 existing shares, which represent 50% of the issued share capital as at January 24, 2013, subject to the proceeds of sale being reinvested in new shares. The record date to be eligible to participate in the Enhanced Buyback Facility is January 24, 2013. The closing date for applications pursuant to the Enhanced Buyback Facility is March 20, 2013. 

Company Quote

85.5
0.0 +0.00%
15 Sep 2014