Octopus Apollo VCT plc Launches Subscription Offer for Shares
Octopus Apollo VCT plc Announces New Offer for Subscription
Octopus Apollo VCT plc has recently issued a significant prospectus detailing a proposed offer for subscription concerning ordinary shares valued at 0.1p each in the Company. This initiative aims to raise up to £75 million, with an additional option to over-allot up to £25 million. The offer has received the necessary approval from the Financial Conduct Authority, which marks an important step for the Company's funding strategy.
Insights into the Offer
The new shares, referred to as ‘New Shares’, represent a promising opportunity for investors. Octopus Apollo VCT plc is collaborating with Octopus Investments Limited, the Company’s dedicated portfolio manager. This relationship, as stated in their agreement, involves various charges that are in line with UK Listing Rule guidelines.
Understanding the Fee Structure
As part of this agreement, the Portfolio Manager will receive:
- An initial charge of 3% from the gross funds raised through the Offer.
- A further 2.5% charge applicable to gross funds collected from Direct Investors who do not utilize a financial intermediary.
- An ongoing charge that amounts to 0.5% of the net asset value of funds received under the Offer from Direct Investors, applicable for up to nine years as long as these investors retain their New Shares.
The Board of Octopus Apollo VCT plc is confident that these arrangements are not only fair but also beneficial to the shareholders, and they have received professional advice confirming this evaluation.
Timeline and Availability
The Offer has officially opened and is set to conclude on or before 5 April 2026 for the 2025/2026 tax year. It may also conclude early if fully subscribed. Additionally, subscribers can expect closure on 29 October 2026 for the 2026/2027 tax year, ensuring a flexible approach to meet investment needs.
Accessing the Prospectus
The prospectus detailing this offer will soon be accessible for public inspection at the National Storage Mechanism, offering transparency and insight to potential investors. It will also be available on the Company’s official website for those looking to engage in the investment opportunity.
Contact Information for Investors
For individuals seeking more information regarding the offer, inquiries can be made to:
Andrew Humphries
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800Y3XEIQ18DP3O53
Frequently Asked Questions
What is the main goal of the subscription offer?
The primary goal is to raise funds to support the growth and development of Octopus Apollo VCT plc.
How much is Octopus Apollo VCT plc aiming to raise?
The company aims to raise up to £75 million, with an additional option to raise £25 million more through over-allotment.
Who is managing the offer?
The Offer is being managed by Octopus Investments Limited, serving as the portfolio manager for Octopus Apollo VCT plc.
What fees are associated with this offer?
Fees include an initial charge of 3%, a potential additional charge of 2.5% for Direct Investors, and a 0.5% ongoing charge for up to nine years.
How can investors access the prospectus?
The prospectus will be available at the National Storage Mechanism and on the Company’s website for public viewing.
About The Author
Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes 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.
