Mobeus Income & Growth VCT Plc commences an Equity Buyback Plan for 20,597,900 shares, representing 14.99% of its issued share capital, under the authorization approved on May 26, 2022.

Mobeus Income & Growth VCT Plc (LSE:MIX) commences share repurchases on September 26, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2022. As per the mandate, the trust will repurchase up to 20,597,900 ordinary shares, representing 14.99% of the issued share capital. The minimum price which may be paid for ordinary shares is 1 pence per share and the maximum price which may be paid for an ordinary share is not more than the higher of 5% above the average of the middle market quotations for the ordinary shares derived from the Daily Official List of the LSE for the five business days immediately preceding the day on which that ordinary share is purchased.

The authority shall expire on the date falling 15 months after passing this resolution or on the conclusions of the next Annual General Meeting to be held in 2023, whichever is earlier. As of March 31, 2022, the company had 137,410,943 shares in issue.