Understanding the Recent Equity Allotment by Octopus Apollo VCT
Octopus Apollo VCT plc has made significant strides with the recent allotment of equity, specifically the issuance of 5,716,752 Ordinary Shares. These shares have a nominal value of 0.1p each and were made available to shareholders who opted for Ordinary Shares through the Dividend Reinvestment Scheme instead of taking the interim dividend of 1.3p per share. This move is designed to enhance shareholder value while providing options that cater to investor preference.
Details of the Allotment
The shares were issued at a price of 48.4p per share. Following this allotment, an application has been submitted to have these shares listed officially by the Financial Conduct Authority. Additionally, they are set to begin trading on the London Stock Exchange's main market for listed securities once approval is granted. Dealings are anticipated to commence around 6 January 2025, creating additional opportunities for shareholders to actively participate in the market.
Directors' Participation in the Allotment
A notable aspect of this equity issuance is the participation of the Company's directors, who also acquired shares during this allotment. Among those included are:
Murray Steele
Murray Steele, acting as PCA, was allotted a significant number of shares totaling 8,752. With a current holding of 455,783 shares, this represents 0.05% of the allotted shares.
Alex Hambro
Alex Hambro received 2,933 shares, bringing his current holding to 112,164 shares, which constitutes 0.01% of the total issued shares.
Claire Finn
Claire Finn was allotted 1,127 shares, increasing her shares to a total of 43,094, amounting to 0.005% of the issued capital.
Christopher Powles
Christopher Powles also engaged in this allotment, receiving 1,230 shares, raising his total to 47,048 shares, which is also 0.005% of the issued capital.
Total Voting Rights and Issued Capital
As a result of these transactions, the total issued share capital and voting rights for Octopus Apollo VCT plc have now reached 943,851,421. This figure is crucial for shareholders as it serves as the denominator for calculations regarding the necessity of notifying any changes in their shareholdings in compliance with the FCA's Disclosure Guidance and Transparency Rules.
Contact Information for Further Inquiries
For any further information regarding this equity issuance or other related queries, please reach out to:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800Y3XEIQ18DP3O53
Frequently Asked Questions
What was the purpose of the recent equity allotment?
The recent equity allotment aimed to provide shareholders with the option to reinvest dividends through Ordinary Shares, enhancing shareholder value.
When will the new shares begin trading?
The shares are expected to start trading on the London Stock Exchange on or around 6 January 2025.
Who are the directors involved in the allotment?
The directors involved include Murray Steele, Alex Hambro, Claire Finn, and Christopher Powles, each acquiring shares in the allotment.
What is the significance of the total voting rights announced?
The total voting rights figure is essential for shareholders to determine their notification responsibilities under the FCA's regulations.
How can I get in touch for more information?
For more information, you can contact Rachel Peat at Octopus Company Secretarial Services Limited via phone at +44 (0)80 0316 2067.
