OCTOPUS TITAN VCT PLC
10 April 2017
Issue of Equity, Closure of Offer and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 3,277,071 Ordinary Shares of 10p each ("shares") were issued and allotted on 7 April 2017 at a price of 103.6p per share, equivalent to the current NAV of 97.9p grossed up by 5.5% (as set out in the Prospectus dated 23 August 2016).
These shares were issued pursuant to an Offer for Subscription to raise up to £70 million, with an over allotment facility of £50 million, in the 2016/2017 and 2017/2018 tax years, dated 23 August 2016.
Included within the allotment:
Mr Matt Cooper, a director of the Company, was allotted 207,528 Ordinary Shares at a price per share of 103.6p and his total holdings are now 958,340, representing approximately 0.2% of the Company's issued Ordinary share capital.
Following this allotment, the issued share capital and total voting rights of the Company are now 444,036,848 and the unaudited net assets of the Company are approximately £435 million, based on a NAV per share of 97.9p.
Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 21 April 2017.
The Offer is now closed.
For further information please contact:
Nicola Board Company Secretary 0207 776 8663
