OOA Octopus Aim Vct Plc

 
TIDMOSEC TIDMOOA 
 
 
   Octopus AIM VCT plc and Octopus AIM VCT 2 plc ("the "Companies") 
 
   6 February 2017 
 
   New Share Offers and Issue of New Share Offer Document 
 
   The Boards of Octopus AIM VCT plc and Octopus AIM VCT 2 plc (the 
"Companies") are pleased to announce that the Companies have today 
launched new share offers (the "Offers") to raise up to GBP4.3 million 
each in the 2016/2017 and 2017/2018 tax years.  Full details of the 
Offers are contained in an offer document (the "Offer Document") issued 
by the Companies, dated 6 February 2017. 
 
   The Offers open on 6 February 2017 and will close at 12 noon on 31 July 
2017 unless fully subscribed at an earlier date. 
 
   Pursuant to the Offers, Octopus Investments Limited, the Companies' 
investment manager, will receive: 
 
 
   -- an initial charge of 3 per cent. of the gross funds raised under the 
      Offers by the Companies; and 
 
   -- a further charge of up to 2.5 per cent of gross funds raised under the 
      Offers by the Companies from investors who have not invested their money 
      through a financial intermediary ("Direct Investors"); and 
 
   -- an additional ongoing charge of 0.5% per annum of the most recently 
      announced net asset value multiplied by the number of shares in the 
      Companies allotted under the Offers ("New Shares") to Direct Investors 
      for up to nine years, provided the Direct Investors continue to hold the 
      New Shares. 
 
 
   The above arrangements constitute smaller related party transactions 
within Listing Rule 11.1.10R. 
 
   The Offer Document will shortly be available for inspection at the 
National Storage Mechanism, which is located at: 
 
   http://www.morningstar.co.uk/uk/NSM 
 
   and on the Companies' website 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   020 7776 8663 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Octopus AIM VCT 2 plc via Globenewswire 
 
 
  http://www.octopusinvestments.com 
 

(END) Dow Jones Newswires

February 06, 2017 08:25 ET (13:25 GMT)

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