OTV2 Octopus Titan Vct Plc

 
TIDMOTV2 
 
 
   OCTOPUS TITAN VCT PLC 
 
   11 April 2018 
 
   Issue of Equity and Total Voting Rights 
 
   Octopus Titan VCT plc (the "Company") announces that 3,786,662 Ordinary 
Shares of 10p each ("shares") were issued and allotted on 11 April 2018 
at a price of 103.0p per share, equivalent to the current NAV of 97.3p 
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 GBP120 million, with an over allotment facility of GBP80 million, 
in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017. 
 
   Included within the allotment: 
 
   Mr Matthew Cooper, a director of the Company, was allotted 208,737 
Ordinary Shares at a price per share of 103.0p and his total holding is 
now 1,185,785, representing less than 0.2% of the Company's issued 
Ordinary share capital. 
 
   Following today's allotment, the issued share capital and total voting 
rights of the Company are now  650,635,129 and the unaudited net assets 
of the Company are calculated to be approximately GBP633 million, based 
on the last released NAV per share of 97.3p. 
 
   Application has been made to the London Stock Exchange for admission of 
the new shares. Admission is expected to become effective on or around 
26 April 2018. 
 
   For further information please contact: 
 
   Parisha Kanani 
 
   Company Secretary 
 
   0203 935 3520 
 
   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 Titan VCT plc via Globenewswire 
 
 
  http://www.octopusinvestments.com 
 

(END) Dow Jones Newswires

April 11, 2018 16:44 ET (20:44 GMT)

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