Mobeus Income & Growth 4 VCT plc commences an Equity Buyback Plan for 13,679,821 shares, representing 14.99% of its issued share capital, under the authorization approved on May 17, 2022.

Mobeus Income & Growth 4 VCT plc (LSE:MIG4) commences share repurchases on May 19, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 17, 2022. Under the plan, the company will repurchase up to 13,679,821 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share will be 1 penny.

The maximum price which may be paid for each ordinary share shall be the higher of an amount equal to 5% above the average of the middle market quotations for a share in the company taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased and (b) the price stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation. This program will expire at the conclusion of the next Annual General Meeting to be held in 2023, unless previously renewed or revoked. As of April 5, 2022, the company had 91,259,644 ordinary shares in issue and had no shares in treasury.