Mobeus Income & Growth 2 VCT (GB:MIG) has released an update.
Mobeus Income & Growth 2 VCT has announced a strategic merger of its four companies into two with the aim of improving cost savings and administrative efficiency. The merger is subject to shareholder approval and is expected to offer significant annual cost savings, an estimated payback period of under 18 months, and a streamlined product offering for both existing and new investors. The companies will also proceed with offers for subscription post-merger and have proposed revised arrangements with their investment adviser, Gresham House, conditional on the merger’s implementation.
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