Mobeus Income & Growth 2 VCT Plc (LSE : MIG) commences an Equity Buyback Plan for 12,055,905 shares, representing 14.99% of its issued share capital, under the authorization approved on September 21, 2022.

Mobeus Income & Growth 2 VCT Plc (LSE : MIG) commences share repurchases on September 23, 2022, under the authorization approved on September 21, 2022. As per the mandate, the company is authorized to repurchase up to 12,055,905 shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased.

The authority shall expire at the conclusion of the next Annual General Meeting of the company to be held in 2023 or, if earlier, fifteen months after the passing of this resolution. As of June 28, 2022, the company had 80,426,321 issued shares.