OTV3 Octopus T. 3

 
TIDMOTV3 
 
   Octopus Titan VCT 1 Plc 
 
   Octopus Titan VCT 2 Plc 
 
   Octopus Titan VCT 3 Plc 
 
   Octopus Titan VCT 4 Plc 
 
   Octopus Titan VCT 5 Plc 
 
   Together "the Companies" 
 
   25 June 2014 
 
   Possible merger between Octopus Titan VCT 1 Plc, Octopus Titan VCT 2 Plc, 
Octopus Titan VCT 3 Plc, Octopus Titan VCT 4 Plc and Octopus Titan VCT 5 
Plc ("Companies") 
 
   The board of directors of the Companies announce that they have entered 
into discussions regarding a possible merger of the Companies 
("Merger"). These discussions may or may not lead to an agreement to 
merge the Companies.  If the Merger is to proceed the current intention 
is that it will proceed by way  of a scheme of reconstruction under the 
Insolvency Act 1986 which, on this basis, would be outside the 
provisions of The City Code on Takeovers and Mergers. 
 
   If the Merger proceeds it would be expected to achieve cost savings 
through the establishment of one enlarged VCT with net assets of 
approximately GBP160 million. 
 
   Following completion of the Merger, it is proposed to launch an offer 
for subscription to raise up to GBP50 million with an overallotment 
facility of a further GBP20 million. 
 
   A further announcement will be made in due course. 
 
   For additional information, please contact: 
 
   Patricia Standaloft 
 
   Company Secretary 
 
   0207 710 6471 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 Titan VCT 3 PLC via Globenewswire 
 
   HUG#1802230 
 
 
  http://www.octopusinvestments.com 
 

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