Income & Growth VCT plc Class S (GB:IGV) has released an update.
The Income & Growth VCT plc has announced a robust investor response to its subscription offer, receiving applications for over 80% of the available shares, with the likelihood of the initial £35 million target being met imminently. In response to the high demand, the company has activated an over-allotment facility to allow for an additional £10 million in shares. Furthermore, the company has indicated that the subsequent allotment dates have been revised, with the potential for an earlier closure of the offer if the fundraise is completed ahead of schedule.
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