Octopus AIM VCT 2 PLC Issues New Equity and Increases Voting Rights
Octopus AIM VCT 2 PLC Equity Issue Announcement
Octopus AIM VCT 2 plc is pleased to share an important update regarding its financial activities. The company has successfully issued 2,927,288 Ordinary Shares of 0.01p each as part of its ongoing offer for subscription. This significant event is designed to support the company's objective of raising £20 million, with an over-allotment option of £10 million, targeted during the 2024/2025 and 2025/2026 tax years.
Details of the Share Issuance
The shares were issued at a price of 42.6p each, aligning with the terms laid out in the prospectus dated September 23, 2024. This issuance represents a strategic move as Octopus AIM VCT 2 plc continues to strengthen its position in the market. The investor interest demonstrated in this round of subscriptions is a testament to the company’s solid reputation and growth potential.
Upcoming Trading and Admissions
Following the share issuance, Octopus AIM VCT 2 plc will apply for the newly issued shares to be admitted to the Official List of the Financial Conduct Authority and to trade on the London Stock Exchange's main market for listed securities. The anticipated commencement of trading is expected around January 27, 2025, providing an exciting prospect for investors looking for opportunities in this evolving market landscape.
Understanding Voting Rights
The total issued share capital now stands at 203,080,607 Ordinary Shares. This figure is crucial for existing shareholders, as it will serve as the denominator in calculations to determine whether they need to notify any changes in their interest under the FCA's Disclosure Guidance and Transparency Rules. Understanding these rights is essential for effective engagement in governance and decision-making processes within the company.
Contact Information for Shareholders
For detailed inquiries and further clarification, shareholders and interested parties are encouraged to reach out to:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
In this evolving financial context, it’s vital for stakeholders to stay informed about these developments. The proactive steps taken by Octopus AIM VCT 2 plc highlight its commitment to transparency and investor relations.
Frequently Asked Questions
What is the purpose of the new shares issued by Octopus AIM VCT 2 PLC?
The new shares were issued to raise funds for the company, aiming for a total of £20 million with an additional £10 million in an over-allotment facility for the upcoming tax years.
When is the expected trading date for the newly issued shares?
Trading for the new shares is expected to commence around January 27, 2025, subject to regulatory approvals.
How many shares were issued in total?
A total of 2,927,288 Ordinary Shares were issued, contributing to the total share capital of 203,080,607 Ordinary Shares.
Who can shareholders contact for more information?
Shareholders can contact Rachel Peat at Octopus Company Secretarial Services Limited at +44 (0)80 0316 2067 for inquiries about the equity issue.
How does this issuance affect voting rights for existing shareholders?
The issued share capital will be used as a denominator for shareholders when determining if they need to notify their interest or any changes in their interest under FCA rules.
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