Overview of Recent Equity Issuance
Octopus Apollo VCT PLC has made an announcement regarding the issuance of new equity in the market. A total of 257,605 Ordinary Shares of 0.1p each have been issued at a price of 49.2p per share. This issuance reflects the current net asset value (NAV) of the company.
Details of the New Shares Issued
The shares were specifically allocated to those investors who opted to pay their advisers less than the 0.5% ongoing adviser charge as set in the terms laid out in the fundraising documents since the Retail Distribution Review commenced. This strategic approach shows the commitment of Octopus Apollo VCT PLC to accommodate investors by providing flexible options in advisory fees.
Admission to Trading and Official Listing
Further steps are underway to ensure these newly issued shares are formally admitted to the Official List of the Financial Conduct Authority (FCA). An application will be made for trading on the London Stock Exchange’s main market for listed securities, with a commencement date expected around 20 May 2025. This move is critical as it enables broader access and trading opportunities for existing and potential investors.
Impact on Share Capital and Voting Rights
After the recent equity issuance, Octopus Apollo VCT PLC’s total issued share capital and voting rights have now reached 1,057,559,973. This number is vital for current shareholders, as it serves as the denominator for calculating whether they need to issue notifications concerning their interests in the company’s share capital, in accordance with the FCA's Disclosure Guidance and Transparency Rules.
Contact Information for Investors
For additional details or inquiries, investors are encouraged to reach out to Rachel Peat from Octopus Company Secretarial Services Limited. She can be contacted at +44 (0)80 0316 2067 for any questions related to this recent share issuance or the company’s operations.
Conclusion
The issuance of these shares indicates a robust pathway for ongoing growth and investor engagement within Octopus Apollo VCT PLC. The management is dedicated to maintaining transparency while catering to the diverse needs of its investors. It's also a reflection of the company’s adaptability in a competitive financial market.
Frequently Asked Questions
What is the purpose of the recent share issuance by Octopus Apollo VCT PLC?
The recent share issuance is aimed at accommodating investors who prefer flexible advisory fee options while maintaining the company’s growth trajectory.
When will the new shares start trading on the London Stock Exchange?
The newly issued shares are expected to commence trading around 20 May 2025, pending successful admission.
How many shares are currently issued by Octopus Apollo VCT PLC?
After the latest issuance, the total issued share capital stands at 1,057,559,973 shares.
Who should investors contact for more information regarding the equity issuance?
Investors can contact Rachel Peat at Octopus Company Secretarial Services Limited by calling +44 (0)80 0316 2067.
What does the FCA's Disclosure Guidance and Transparency Rules entail for shareholders?
These rules provide guidelines on when shareholders must notify the company about changes to their interests in the share capital, ensuring transparency and compliance.
