Octopus AIM VCT plc Issues New Shares and Voting Rights Update
Octopus AIM VCT plc Announces Share Issuance
Octopus AIM VCT plc is making headlines with its recent announcement regarding the issue of 3,920,873 Ordinary Shares, each valued at 1 penny. This strategic move comes through an offer for subscription aiming to raise an impressive £20 million, partnered with an over-allotment facility of £10 million, for the tax years 2024/2025 and 2025/2026.
Details of the Share Issuance
The shares were issued at a price of 54.2 pence each, aligning with the terms laid out in a prospectus released on 23 September 2024. This prospectus is a significant document that outlines the nature of the offer and regulations governing it, designed to attract investors looking to benefit from the AIM sector.
Admission to Trading
Octopus AIM VCT plc has confirmed that they will make an application for these newly issued shares to be admitted to the Official List of the Financial Conduct Authority (FCA) and for them to begin trading on the London Stock Exchange's main market. Dealings are expected to commence around 27 January 2025, which will provide shareholders and potential investors an opportunity to further engage with the company’s evolving market presence.
Impact on Share Capital and Voting Rights
Following this issuance, the total issued share capital of Octopus AIM VCT plc stands at 229,598,944 Ordinary Shares. This total is not just a number; it plays a crucial role as it will be used by shareholders to calculate their interests and determine any necessary notifications under the FCA's Disclosure Guidance and Transparency Rules.
Investor Insights
For investors, this change is noteworthy. It showcases Octopus AIM VCT plc's commitment to growth and its strategic approach to capital raising, which is foundational in supporting its long-term objectives. Such capital can be utilized for new investments, providing a healthier balance sheet to navigate the current market landscape.
Contact Information for Queries
For those looking for more details or having specific queries regarding this share issuance, Rachel Peat from Octopus Company Secretarial Services Limited is available for contact. She can be reached at +44 (0)80 0316 2067, ensuring that any potential or existing investors have access to information regarding their investments and company performance.
Frequently Asked Questions
What is Octopus AIM VCT plc's recent announcement about?
Octopus AIM VCT plc recently announced the issuance of 3,920,873 Ordinary Shares to raise capital while also updating shareholders on total voting rights.
What is the purpose of the new share issuance?
The issuance aims to raise £20 million for the Company, with an additional over-allotment facility of £10 million to enhance its investment capabilities.
When will the new shares start trading?
The newly issued shares are expected to begin trading on or around 27 January 2025 on the London Stock Exchange.
How many total Ordinary Shares are now issued by Octopus AIM VCT plc?
The total issued share capital now stands at 229,598,944 Ordinary Shares.
Who can I contact for more information about this announcement?
You can contact Rachel Peat at Octopus Company Secretarial Services Limited at +44 (0)80 0316 2067 for further information.
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