Understanding the Director Notification from Octopus Apollo VCT PLC
The Octopus Apollo VCT PLC has provided an important notification regarding transactions conducted by individuals holding managerial responsibilities. This announcement informs stakeholders about specific activities and transactions undertaken by significant figures within the organization, reinforcing transparency and trust.
Details of the Managerial Responsibilities
In this particular instance, the notification centers around Sarah Boulton, who has been identified as a person closely associated (PCA) with Murray Steele, a Non-Executive Director at Octopus Apollo VCT PLC. Such disclosures are vital for monitoring insider trading activities and ensuring compliance with regulatory requirements.
Reason for the Notification
The notification serves multiple purposes including the identification of positions, indicating that the report involves an initial notification. This means that the information is being presented for the first time to the public, a requirement for maintaining regulatory clarity.
Issuer's Information
As part of the notification process, important details of the issuer are also included. The company’s name is reaffirmed as Octopus Apollo VCT PLC, and it carries a unique Legal Entity Identifier (LEI) of 213800Y3XEIQ18DP3O53. This identifier is particularly crucial as it adds a layer of security and authenticity to the transactions reported.
Transaction Details
The notification elaborates on the specifics of a recent transaction involving the purchase of ordinary shares of the company. In this case, ordinary shares with a value of 0.1p each were involved, indicating the core asset that is being communicated in the notification.
Insights into the Transaction
The transaction consisted of 20,436 ordinary shares purchased at a price of £0.526 each. Understanding the volume and pricing of shares is essential for potential investors as it reflects the activity and liquidity in the marketplace. Notably, this transaction is recognized as a single event without the need for aggregation.
Timeliness and Place of the Transaction
It is also noted that the transaction took place on the London Stock Exchange, one of the leading stock exchanges globally, reinforcing the credibility of the transaction. Such a venue is often chosen for its robust regulatory framework and its acceptance in the financial community.
Conclusion and Contact Information
The notification concludes with details about how to reach the company for further questions or information. Rachel Peat from Octopus Company Secretarial Services Limited has provided contact details, emphasizing the company's commitment to transparency and accessibility. If anyone wishes to follow up regarding the above details, they can contact her directly at +44 (0)80 0316 2067.
Frequently Asked Questions
What is the purpose of this notification?
The purpose is to disclose transactions by individuals in managerial roles, ensuring transparency and compliance with regulatory standards.
Who is Sarah Boulton?
Sarah Boulton is the PCA of Murray Steele, a Non-Executive Director at Octopus Apollo VCT PLC, and is mentioned in the transaction disclosure.
What are ordinary shares?
Ordinary shares represent ownership in a company, providing shareholders with the right to vote and receive dividends.
Where did the transaction occur?
The transaction was conducted on the London Stock Exchange, which is known for its comprehensive regulatory framework.
Who can I contact for more information?
For inquiries, you can contact Rachel Peat at Octopus Company Secretarial Services Limited via telephone at +44 (0)80 0316 2067.
