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Monday, 20 November 2017

Octopus Titan VCT plc : Issue of Equity and Total Voting Rights

     

Published: 23:43 CET 20-11-2017 /GlobeNewswire /Source: Octopus Titan VCT plc / : OTV2 /ISIN: GB00B28V9347

Octopus Titan VCT plc : Issue of Equity and Total Voting Rights

OCTOPUS TITAN VCT PLC

20 November 2017

Issue of Equity and Total Voting Rights

 

Octopus Titan VCT plc (the "Company") announces that 88,257,069 Ordinary Shares of 10p each ("shares") were issued and allotted on 17 November 2017 at a price of 102.2p per share, equivalent to the current NAV of 96.5p grossed up by 5.5% (as set out in the Prospectus dated 5 September 2017).

 

These shares were issued pursuant to an Offer for Subscription to raise up to £120 million, with an over allotment facility of £80 million, in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017.

 

Included within the allotment:

 

Mr John Hustler, a director of the Company, was allotted 10,517 Ordinary Shares at a price per share of 102.2p and his total holding is now 92,695, representing less than 0.1% of the Company's issued Ordinary share capital.

 

Mr Mark Hawkesworth, a director of the Company, was allotted 10,517 Ordinary Shares at a price per share of 102.2p and his total holding is now 86,202, representing less than 0.1% of the Company's issued Ordinary share capital

 

Following yesterday's allotment, the issued share capital and total voting rights of the Company are now 537,247,670 and the unaudited net assets of the Company are approximately £518 million, based on a NAV per share of 96.5p.

 

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 1 December 2017.

 

 

For further information please contact:

 

Nicola Board

Company Secretary

0207 776 8663

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Octopus Titan VCT plc, 33 Holborn, London EC1N 2HT, United Kingdom
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