Understanding Octopus Titan VCT plc's Voting Rights and Capital
Overview of Voting Rights and Capital Structure
The announcement regarding Octopus Titan VCT plc highlights some key insights into their voting rights and overall capital structure. As of the end of the year, the Company's issued share capital consists of a substantial number of ordinary shares, precisely counting 1,647,212,355 shares with a nominal value of 0.1p each. This figure is essential because it provides shareholders with a clear picture of their voting power within the company.
Significance of Share Capital
The total voting rights currently stand at 1,647,212,355, reflecting the number of ordinary shares issued by Octopus Titan VCT plc. This is a notable milestone for the Company, as it indicates a robust participation and engagement from its investors. The Company does not hold any treasury shares, which means all issued shares are available for voting purposes, reinforcing the engagement of shareholders in decision-making processes.
Shareholders' Calculation Basis
Shareholders can use the total voting rights figure when calculating their interests in the Company. Understanding whether a major change in shareholding requires notification is crucial for compliance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. This provision ensures transparency among shareholders about significant changes in ownership, fostering informed decision-making.
Impact on Shareholder Notifications
This key number, 1,647,212,355, serves as a denominator for shareholders. It dictates whether they need to disclose their interest or any changes to their interests in line with regulatory requirements. This process not only promotes accountability but also helps maintain an orderly market, benefiting all stakeholders.
Company Contact Information
For those seeking more detailed information regarding this announcement or any other inquiries, contact Rachel Peat at Octopus Company Secretarial Services Limited. The direct line for communication is +44 (0)80 0316 2067. This level of accessibility is a testament to the Company's commitment to shareholder communication and transparency.
Conclusion
Understanding the total voting rights and capital of Octopus Titan VCT plc is vital for both current and prospective investors. With a clear count of ordinary shares and no treasury shares in play, shareholders can actively engage with the Company's governance. It is also crucial for investors to remain informed about their responsibilities regarding disclosures as mandated by the Financial Conduct Authority, ensuring a well-informed investment environment.
Frequently Asked Questions
What are total voting rights for Octopus Titan VCT plc?
The total voting rights are currently set at 1,647,212,355, which corresponds to the number of issued ordinary shares.
Why is the number of issued shares important?
This number determines the voting rights for shareholders and helps them understand their influence in the Company's decision-making processes.
How can shareholders use the total voting rights figure?
Shareholders can use this figure to calculate if they need to notify the Company about changes in their ownership interest.
Who should shareholders contact for inquiries?
Rachel Peat at Octopus Company Secretarial Services Limited is the key contact, reachable at +44 (0)80 0316 2067.
Is there any treasury stock in the Company?
No, Octopus Titan VCT plc currently holds no shares in treasury, all shares are in circulation for voting purposes.
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