Octopus Apollo VCT plc: Share Buyback and Voting Rights Update
Octopus Apollo VCT plc Share Purchase Overview
Octopus Apollo VCT plc, a leading investment company, has recently undertaken a strategic move by purchasing its own ordinary shares. This action not only reflects the company's confidence in its financial health but also serves to enhance shareholder value.
Details of the Share Buyback
On a significant date, the company executed a buyback of 4,087,419 ordinary shares, priced at 47.4455p each. Such transactions are vital as they reduce the total number of shares in circulation, often resulting in an increase in earnings per share for the remaining shareholders.
Importance of Share Buybacks
Share buybacks are often seen as a positive indicator by the market. They suggest that the company believes its shares are undervalued and that it is committed to returning value to its investors. This move affirms Octopus Apollo VCT plc's focus on long-term growth and stability.
Impact on Issued Share Capital
Post-transaction, the total issued share capital stands at 938,134,669 ordinary shares. This number is pivotal for current shareholders, as it will act as the denominator when calculating their voting rights and interests in the company.
Understanding Voting Rights
The updated share capital will play a critical role in the voting process under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders need to be aware of these changes to properly inform the FCA regarding any alterations to their interests.
Contact Information for Further Inquiries
For more details regarding this purchase and its implications, shareholders are encouraged to reach out directly. Rachel Peat from Octopus Company Secretarial Services Limited is available to answer any specific inquiries. You can contact her at +44 (0)80 0316 2067.
Company's LEI Information
Additionally, it's important to note that the company's Legal Entity Identifier (LEI) is 213800Y3XEIQ18DP3O53, which is relevant for trading and regulatory purposes.
Frequently Asked Questions
What is the purpose of the recent share buyback by Octopus Apollo VCT plc?
The buyback is aimed at enhancing shareholder value by reducing the number of shares in circulation, which can increase the earnings per share.
How many shares were purchased by Octopus Apollo VCT plc?
The company purchased a total of 4,087,419 ordinary shares.
What is the new total for the issued share capital after the buyback?
The new total issued share capital is 938,134,669 ordinary shares.
Who can shareholders contact for more information regarding this purchase?
Shareholders can contact Rachel Peat at Octopus Company Secretarial Services Limited for further information.
What is the significance of the company's LEI?
The LEI is essential for trading and regulatory identification, ensuring the company adheres to legal requirements.
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