Octopus AIM VCT 2 plc Announces Share Buyback Details

Author: Logan Wright Updated: 02-20-2025 12:17 PM

Octopus AIM VCT 2 plc's Strategic Share Buyback

Octopus AIM VCT 2 plc has recently taken a significant step by purchasing its own shares in a move designed to enhance shareholder value. The company's decision to buy back shares demonstrates confidence in its financial stability and future prospects.

Details of the Share Purchase

On a recent date, the company made headlines by acquiring a total of 544,996 ordinary shares at a price of 38.48p each. This transaction is aimed at cancellation, ultimately reducing the number of shares in circulation.

Impact on Share Capital

As a result of this strategic buyback, the total issued share capital of Octopus AIM VCT 2 plc will adjust to 201,732,917 ordinary shares. This number is crucial for shareholders as it serves as the denominator when calculating interests in the company.

Importance of Voting Rights

The total voting rights associated with the shares are essential for maintaining transparency and ensuring that shareholders are aware of their entitlements. With the new share count confirmed, shareholders are required to use this updated figure for disclosing any changes in their interests according to the regulations set forth by the Financial Conduct Authority.

Shareholder Communication

Octopus AIM VCT 2 plc is committed to keeping its shareholders informed. The communication regarding share buybacks, voting rights, and related matters is part of their broader effort to ensure clarity and trust within the investment community.

Company Contact Information

If shareholders or interested parties have any questions or require further information, they can reach out to Rachel Peat at Octopus Company Secretarial Services Limited. The direct contact number is +44 (0)80 0316 2067. Additionally, the company is registered with an LEI of 213800BW27BKJCI35L17, reflecting its compliance with international financial regulations.

Frequently Asked Questions

What is the purpose of the share buyback by Octopus AIM VCT 2 plc?

The share buyback aims to enhance shareholder value and demonstrate confidence in the company's financial stability.

How many shares were purchased during the buyback?

The company acquired 544,996 ordinary shares at a price of 38.48p each.

What will the new total of issued shares be after the buyback?

After the buyback, the total issued share capital will be 201,732,917 ordinary shares.

Why is the total voting rights number important for shareholders?

This figure is used by shareholders to determine whether they need to notify their interest changes under the Financial Conduct Authority's regulations.

How can shareholders get in touch with the company?

Shareholders can contact Rachel Peat at Octopus Company Secretarial Services Limited at +44 (0)80 0316 2067 for any inquiries.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.