Issue of Equity and Total Voting Rights
OCTOPUS TITAN VCT PLC
24 August 2018
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the “Company”) announces that the following issues of Ordinary Shares of 10p each (the “Shares”) in the capital of the Company were allotted on 24 August 2018, subject to admission:
- 8,952 Shares in relation to a joint offer for subscription pursuant to a prospectus issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 7 February 2013;
- 20,595 Shares in relation to a joint offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 3 September 2013;
- 15,401 Shares in relation to a joint top up offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 16 September 2014;
- 26,938 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 8 September 2015;
- 47,578 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 23 August 2016; and
- 17,586 Shares be issued in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 5 September 2017.
The Company announces that the Shares referred to in a, b, c, d, e and f above were issued and allotted at a price equivalent to the current NAV of 92.3p under the terms of the relevant document. The allotments of the Ordinary Shares of 10p each in the capital of the Company were made after the close of the respective offers for subscription and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the respective offers for subscription.
In addition, a further 69,471 Ordinary Shares of 10p each were issued and allotted to employees of Octopus Capital Limited and directors of the Company at a price equivalent to the current NAV of 92.3p, as a result of a rebate of part of the Annual management charge by Octopus Investments Limited, the Company's investment manager.
Mr Matt Cooper, a Director of the Company, was allotted 3,536 Ordinary Shares at a price per share of 92.3p and his total holdings are 1,189,321 Ordinary Shares, now representing approximately 0.18% of the Company’s issued Ordinary share capital.
Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 10 September 2018.
The issued share capital and total voting rights of the Company is now: 658,287,940
For further information please contact:
Parisha Kanani
Company Secretary
020 3935 3520
