New Share Allotment Boosts Octopus Future Generations VCT
New Share Allotment Boosts Company Engagement
Octopus Future Generations VCT plc, a notable entity in the investment landscape, has recently made an important announcement regarding its equity structure. The company issued an impressive 230,081 Ordinary Shares, with each share valued at 82.8p. This issuance was made available to shareholders who opted for shares instead of receiving a special dividend of 5.6p per share.
Understanding the Share Issuance
This strategic move caters to the interests of shareholders, providing them with an alternative method to engage with their investment in the company. By allowing this choice, Octopus Future Generations VCT is reinforcing its commitment to providing value and flexibility for its clientele. The special dividend was previously paid, emphasizing the company's proactive approach to maintaining shareholder satisfaction.
Timeline for Share Listing
Following the allotment, the company is set to apply for the shares to be included in the Official List maintained by the Financial Conduct Authority (FCA). Additionally, plans are in place for trading on the London Stock Exchange's main market for listed securities. Share dealings are projected to begin around early October of the upcoming month, a timeline that investors can anticipate for their investment activities.
Director Participation in the Allotment
Among those included in this recent share allotment is Joanna Santinon, a prominent director within the company. As part of the allotment, she received 4,919 shares, bringing her total shareholding to 77,663. This move signifies confidence from the management and enhances the directors' personal stake in the company's growth.
Impact on Voting Rights and Share Capital
The latest round of shares boosts the overall issued share capital of Octopus Future Generations VCT to 59,738,204 Ordinary Shares. This adjustment plays a crucial role in influencing the total voting rights within the company. Shareholders will utilize this updated figure to assess their interests in accordance with the FCA's Disclosure Guidance and Transparency Rules, ensuring compliance and transparency in reporting any changes to their holdings.
Getting in Touch with Company Representatives
Any shareholders or interested parties seeking further clarification can easily reach out to Rachel Peat at Octopus Company Secretarial Services Limited. She is available via telephone at +44 (0)80 0316 2067 for any inquiries related to the recent share allotment or other company matters.
Frequently Asked Questions
What prompted the share issuance by Octopus Future Generations VCT?
The issuance allows shareholders the option to reinvest dividends into shares, enhancing their equity stake within the company.
When will the new shares start trading?
The shares are expected to commence trading on or around early October, following FCA approval.
How will the new share issuance affect existing shareholders?
The new issuance will increase the total share capital, potentially affecting the percentage holdings and voting rights of all shareholders.
Who is the director that participated in the share allotment?
Joanna Santinon is the director who was included in the recent share allotment, receiving 4,919 shares.
How can shareholders contact the company for more information?
Shareholders can reach out to Rachel Peat at Octopus Company Secretarial Services Limited via telephone at +44 (0)80 0316 2067.
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