Octopus AIM VCT 2 plc Launches Exciting Prospectus for Investors
Octopus AIM VCT 2 plc Announces New Prospectus
Octopus AIM VCT 2 plc has embarked on an exciting journey with the release of its latest prospectus. This document outlines a proposed offer for subscription aimed at welcoming new ordinary shareholders to the company.
Investment Opportunities Presented
The prospectus details an initiative to raise up to £20 million through the issuance of new ordinary shares. Investors have the chance to purchase shares at 1p each in Octopus AIM VCT plc and at 0.01p each in Octopus AIM VCT 2 plc. This significant move is not merely a financial strategy, but also an invitation for investors to join a growing community focused on promising projects.
Additional Over Allotment Provision
In addition to the initial offering, the prospectus allows for an over allotment of up to £10 million in aggregate. This opportunity may be particularly enticing as the company seeks to expand its reach and enhance shareholder value.
Management and Advisory Team
Key to the Offer's execution are the agreements established with Octopus Investments Limited, the designated investment manager for the Companies. They will oversee the implementation of the Offer as well as manage ongoing investor relations.
Fee Structure for Investors
As part of the agreements, the Investment Manager will receive a fee structure designed to align their interests with shareholders. This includes an initial charge of 3% on the gross funds raised. Moreover, an additional charge of up to 2.5% applies to funds obtained from Direct Investors who prefer not to work through financial intermediaries. An ongoing annual charge of 0.5% will also apply, providing continued management incentives throughout the investment horizon.
Seeking Fairness for Shareholders
The boards of both Companies are confident that these arrangements are fair and have received formal advice from Howard Kennedy Corporate Services LLP to validate their fairness. This assurance reflects the Companies' commitment to maintaining transparency and integrity throughout the investment process.
Timeline for the Offer
The Offer is officially open and will remain accessible until specific closing dates depending on the tax year. Investors should note that the Offer will close on 5 April for the 2024/2025 tax year and on 22 September for 2025/2026. However, there is potential for an earlier closure should the Offer meet its full subscription targets.
Access to the Prospectus
For those interested in examining the prospectus, it will soon be available for public inspection at the National Storage Mechanism. This initiative underscores the Companies’ dedication to making vital information accessible to potential investors.
Where to Find More Information
Furthermore, the Companies’ website will host additional resources for investors seeking more background information on the offerings. This is an excellent opportunity for interested parties to gain deeper insights into the mission and vision of Octopus AIM VCT 2 plc and its sister organization.
Contact Information for Investors
Those looking for further information or with inquiries can reach out to Rachel Peat at Octopus Company Secretarial Services Limited. The contact available is +44 (0)80 0316 2067, providing a direct line to the support team for any investment-related questions.
Frequently Asked Questions
What is the purpose of the prospectus issued by Octopus AIM VCT 2 plc?
The prospectus aims to raise funds for investment activities by offering new shares to the public.
What is the minimum amount that can be raised through this offer?
The offer seeks to raise up to £20 million, with potential additional funds through an over allotment provision.
Who will manage the funds raised through the offer?
Octopus Investments Limited will manage the funds as the investment manager for the Companies.
Are there fees associated with investing in the new shares?
Yes, initial and ongoing fees will be charged to ensure effective management of the investments.
How can investors access the prospectus for more information?
Investors can find the prospectus at the National Storage Mechanism and on the Companies' official website.
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