OTV2 Octopus Titan Vct Plc

 
TIDMOTV2 
 
 
   OCTOPUS TITAN VCT PLC 
 
   24 August 2018 
 
   Issue of Equity, Closure of Offer and Total Voting Rights 
 
   Octopus Titan VCT plc (the "Company") announces that 558,604 Ordinary 
Shares of 10p each (the "Shares") were issued and allotted today at a 
price of 97.7p per share, equivalent to the current NAV of 92.3p 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 (the 
"Offer"). 
 
   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 Offer is now closed. 
 
   Following this allotment, the issued share capital and total voting 
rights of the Company are  658,081,419 now and the unaudited net assets 
of the Company are approximately GBP607 million, based on a NAV per 
share of 92.3p. 
 
   For further information please contact: 
 
   Parisha Kanani 
 
   Company Secretary 
 
   020 3935 3520 
 
 
 
 
 
 

(END) Dow Jones Newswires

August 24, 2018 12:05 ET (16:05 GMT)

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