Overview of Share Issuance and Voting Rights
Octopus Apollo VCT PLC has made a significant announcement regarding the issuance of equity, particularly about its latest share allotments and voting rights. This announcement serves as a replacement for a previous declaration, correcting the date of admission for the new shares. The admission date is now set for 9 December 2024, which highlights the company's commitment to transparency with its shareholders.
Details of the Share Allotment
On 2 December 2024, Octopus Apollo VCT PLC issued a total of 39,170,082 Ordinary Shares, each with a nominal value of 0.1p. This strategic move was part of the company's effort to raise up to £50 million through its latest offer for subscription. An additional over-allotment facility of £25 million has also been included for upcoming tax years. The shares have been priced at 52.6p each, according to the terms laid out in the company’s most recent prospectus, dated 23 October 2024.
Application for Admission
The company is in the process of applying for these shares to be listed on the Official List of the Financial Conduct Authority (FCA) and to commence trading on the London Stock Exchange’s main market for listed securities. This application underlines Octopus Apollo VCT PLC's ongoing efforts to enhance shareholder value and market presence.
Shareholder Impact and Voting Rights
With the issuance of these new shares, the total issued share capital of Octopus Apollo VCT PLC has risen to 942,222,088 shares. This figure is crucial for current shareholders as it serves as a denominator that helps them determine whether they are required to notify the company about any changes to their shareholding, in compliance with the FCA's Disclosure Guidance and Transparency Rules.
Director Share Allotment
The allotment included shares to specific directors, with notable contributions like that of PCA of Murray Steele, who acquired 20,436 shares, bringing their total to 118,016 shares, which is a minuscule 0.01% of the overall issued share capital.
Future Expectations
Looking forward, shareholders and potential investors can watch closely how these new shares influence the company's market performance and shareholder dynamics. With such actions, Octopus Apollo VCT PLC is poised to solidify its foundation and build a stronger presence in the marketplace.
Contact Information
For further inquiries regarding these developments, interested parties may reach out to Rachel Peat at Octopus Company Secretarial Services Limited via telephone at +44 (0)80 0316 2067. This direct line ensures that all questions and clarifications regarding the share issuance are promptly addressed.
Frequently Asked Questions
What is the significance of the admission date change?
The change in admission date to 9 December 2024 allows shareholders to have a clear timeline for trading their new shares.
How many shares were issued?
A total of 39,170,082 Ordinary Shares were issued at a price of 52.6p each.
Who received the shares from the director allotment?
Directors, including PCA of Murray Steele, received shares as part of this allotment.
What is the total issued share capital now?
The total issued share capital, after the new allotment, stands at 942,222,088 shares.
How can I contact the company for more information?
You can contact Rachel Peat at Octopus Company Secretarial Services Limited by calling +44 (0)80 0316 2067 for any additional details or queries.
