Understanding Recent Transactions by Directors at Octopus Apollo VCT
Recent Transactions Involving Octopus Apollo VCT PLC Directors
Octopus Apollo VCT PLC has recently disclosed important transactions involving its directors and persons closely associated with them. Such notifications are crucial as they provide transparency about managerial activities within the company, helping investors stay informed about potential changes in ownership and stakeholder positions.
Details of the Managerial Responsibilities
In this recent round of notifications, three directors have been highlighted: Murray Steele, Sarah Boulton, Christopher Powles, Alex Hambro, and Claire Finn. Each of these individuals plays a significant role within the organization, primarily as Non-Executive Directors. The notifications detail their respective transactions and impact on shareholder dynamics.
Murray Steele
Murray Steele, serving as a Non-Executive Director, made an initial notification concerning the allotment of ordinary shares. These shares are integral to the company's suite of financial instruments, reflecting the trust and commitment he has in the company's growth.
Sarah Boulton
Sarah Boulton acts as a person closely associated with Murray Steele. Her notifications also adhere to the same principles of transparency, reinforcing the company’s dedication to regulatory compliance. Her association further emphasizes the stability and potential growth path that Octopus Apollo VCT is navigating.
Investment Instruments
Each director's transaction involved ordinary shares with a nominal value of £0.1 each. The identification code for these shares is GB00B17B3479, essential for investors tracking specific instruments tied to Octopus Apollo VCT PLC. The details within the transactions indicate a strategic approach to investor engagement via the Dividend Reinvestment Scheme, which allows participating shareholders to reinvest dividends back into the company.
Transaction Specifics
In terms of financial specifics, the directors reported the allotment of shares at a price of £0.492 per share. This price reflects the ongoing market dynamics and the commitment from the directors to enhance their stake in the company. For example, Murray Steele allocated 10,433 shares, Sarah Boulton allocated 3,202 shares, Christopher Powles acquired 1,486 shares, Alex Hambro purchased 1,138 shares, and Claire Finn subscribed for 1,243 shares.
Market Position
These transactions took place on the London Stock Exchange, specifically within the Main Market (XLON), where Octopus Apollo VCT PLC is actively engaged. This positioning not only affords the directors a significant role in governance but also reinforces their long-term commitment to the organization's vision and mission.
Conclusion
The ongoing disclosures from Octopus Apollo VCT PLC underline the importance of transparency in company operations, particularly concerning managerial responsibilities and their associated financial activities. As the company continues to evolve, these notifications keep stakeholders informed, promoting a culture of accountability and trust within the investment community.
Frequently Asked Questions
What is the purpose of director notifications at Octopus Apollo VCT?
Director notifications serve to provide transparency about transactions made by individuals in managerial positions, informing shareholders and interested parties of potential shifts in ownership.
Who are the key directors involved in the recent transactions?
The key directors involved include Murray Steele, Sarah Boulton, Christopher Powles, Alex Hambro, and Claire Finn, all acting as Non-Executive Directors.
What type of shares were allotted during these transactions?
The allotment involved ordinary shares with a nominal value of 0.1p each, allowing directors to increase their stakes in the company.
What was the price per share for the recent allotments?
The shares were allotted at a price of £0.492 each, reflecting current market conditions.
Where were these transactions conducted?
All transactions were conducted on the London Stock Exchange, specifically within the Main Market (XLON), ensuring compliance with regulatory standards.
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