Octopus AIM VCT PLC Announces New Ordinary Shares Issuance
Understanding Recent Equity Issuance by Octopus AIM VCT PLC
Octopus AIM VCT PLC, a prominent investment company, has made headlines recently with its announcement regarding the issuance of new equity. A total of 2,022,911 Ordinary shares at the nominal value of 1p each were allotted at a price of 52.3p per share. This move allows shareholders who opted in to the Dividend Reinvestment Scheme to purchase shares instead of receiving cash dividends.
The Dividend Reinvestment Scheme Explained
In simple terms, the Dividend Reinvestment Scheme offers shareholders the opportunity to reinvest their dividends into additional shares, often at a favorable price. This not only helps the company grow its capital but also provides shareholders a chance to increase their ownership in a way that sometimes can be more beneficial than cash payments. In this case, the interim dividend set was 2.5p for the first half of the financial year.
Shares Admission and Trading Expectations
Following the allotment, the company has stated that an application for the shares to be listed on the Official List of the Financial Conduct Authority (FCA) will be made. Trading of these new shares on the London Stock Exchange’s main market is expected to commence around late January 2025. This step is crucial as it allows investors to freely trade their shares in a regulated environment.
Impacts on Voting Rights and Share Capital
With this latest issuance, the total share capital of Octopus AIM VCT PLC has risen to 225,678,071 Ordinary shares. This figure is vital for shareholders as it serves as a basis for various calculations relating to shareholding interests and voting rights. Shareholders must keep this number in mind, particularly when considering their obligations under the FCA's Disclosure Guidance and Transparency Rules, which govern how and when shareholders must disclose changes in their interests.
Contact Information for Queries
For any inquiries regarding this issuance, shareholders and interested parties are encouraged to contact Rachel Peat at Octopus Company Secretarial Services Limited. Her direct line is +44 (0)80 0316 2067. This open line of communication is essential for ensuring that stakeholders have access to the information they need about their investments and the company's operations.
Understanding LEIs and Their Importance
The London Entity Identifier (LEI) is another important aspect of corporate transparency and investor relations. Octopus AIM VCT PLC holds the LEI: 213800C5JHJUQLAFP619, which facilitates regulatory compliance and helps investors track corporate identification across global markets.
Frequently Asked Questions
What is the purpose of the Dividend Reinvestment Scheme?
The Dividend Reinvestment Scheme allows shareholders to reinvest their dividends into additional shares, enhancing their ownership without cash payouts.
When will trading of the new shares begin?
Trading of the newly issued shares is expected to start around late January 2025.
How many shares has Octopus AIM VCT PLC issued?
Octopus AIM VCT PLC issued 2,022,911 Ordinary shares at a price of 52.3p per share.
What is the current total voting rights of the company?
The current total voting rights of Octopus AIM VCT PLC is 225,678,071 Ordinary shares.
Who can I contact for more information?
For further inquiries, you can contact Rachel Peat at Octopus Company Secretarial Services Limited at +44 (0)80 0316 2067.
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