Significant Share Allotment Announcement
Octopus Apollo VCT plc
Octopus Apollo VCT plc has officially announced a significant allotment and issuance of 6,280,749 Ordinary Shares valued at 49.2p each. This issuance was made to shareholders who opted for Ordinary Shares through the Dividend Reinvestment Scheme, serving as a substitute for the interim dividend, which is set at 1.3p per share.
Admission to Trading
An application has been submitted to ensure these shares are listed on the Official List of the Financial Conduct Authority. Trading on the London Stock Exchange’s main market for listed securities is anticipated to begin around May 14, 2025.
Directors’ Allocations
The allotment included shares issued to several directors, each acquiring stock at the price of 49.2p. Here’s a look at how the directors benefitted:
Murray Steele
Murray Steele, acting as PCA, received a total of 10,433 shares along with 3,202 shares, bringing his total holdings to 529,697, which reflects 0.05% of the issued share capital.
Christopher Powles
Director Christopher Powles was allotted 1,243 shares, increasing his current holding to 48,291, which accounts for 0.005% of the issued share capital.
Alex Hambro
Alex Hambro received 1,486 shares, boosting his holdings to 113,650 shares, making up 0.01% of the capital structure.
Claire Finn
Director Claire Finn was granted 1,138 shares, raising her total to 44,232, which is equivalent to 0.004% of the issued share capital.
Total Voting Rights Update
Following this recent share allotment, the total issued share capital and voting rights of Octopus Apollo VCT plc stand at 1,057,302,368 shares. Shareholders can now use this total as a reference point for any calculations related to their notifications of interest, as required under the FCA's Disclosure Guidance and Transparency Rules.
Contact Information
For further queries or additional details regarding this announcement, please reach out to:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800Y3XEIQ18DP3O53
Frequently Asked Questions
What is the purpose of the recent share allotment?
The share allotment allows shareholders the option to receive shares instead of a cash dividend through the Dividend Reinvestment Scheme.
When will the new shares start trading?
The shares are expected to commence trading on May 14, 2025, on the London Stock Exchange.
How many total shares are currently issued?
The total number of issued shares after the allotment is 1,057,302,368.
Who are the directors that received shares?
The directors who received shares include Murray Steele, Christopher Powles, Alex Hambro, and Claire Finn.
How is the percentage of issued share capital calculated?
The percentage for each individual's shares is calculated based on their total shares in relation to the total issued capital of the company.
