Octopus AIM VCT 2 plc Octopus Aim Vct 2 Plc : Publication Of Prospectus And Circular

 
TIDMOSEC TIDMOOA 
 
 
   Octopus AIM VCT plc and Octopus AIM VCT 2 plc (the "Companies") 
 
   16 June 2017 
 
   Publication of Prospectus and Circular 
 
   The Companies have today issued a prospectus and circular relating to a 
proposed offer for subscription for ordinary shares of 1p each in 
Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc ("New 
Shares") to raise up to GBP30 million with an over allotment facility of 
up to a further GBP10 million (the "Offer"), following the approval of 
the prospectus from the UK Listing Authority. 
 
   Pursuant to agreements dated 16 June 2017 relating to the Offer between 
the Companies and Octopus Investments Limited, the Companies' investment 
manager (the "Investment Manager"), which constitute smaller related 
party transactions within Listing Rule 11.1.10 R, the Investment Manager 
will receive: 
 
 
   -- an initial charge of 3 per cent. of the gross funds raised under the 
      Offer by the Companies; and 
 
   -- a further charge of up to 2.5 per cent of gross funds raised under the 
      Offer by the Companies from investors who have not invested their money 
      through a financial intermediary ("Direct Investors"); and 
 
   -- an additional ongoing charge of 0.5% per annum of the most recently 
      announced net asset value multiplied by the number of New Shares allotted 
      to Direct Investors for up to nine years, provided the Direct Investors 
      continue to hold the New Shares. 
 
 
 
   The Offer is now open and will close at 5 p.m. on 4 April 2018 for the 
2017/2018 tax year and noon on 15 June 2018 for the 2018/2019 tax year, 
or earlier if the Offer is fully subscribed. The boards of the Companies 
reserve the right to close the Offer earlier. 
 
   The prospectus and circular will shortly be available for inspection at 
the National Storage Mechanism, which is located at: 
 
   http://www.morningstar.co.uk/uk/NSM 
 
   and on the Companies' website: 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   0800 316 2295 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Octopus AIM VCT 2 plc via Globenewswire 
 
 
  http://www.octopusinvestments.com 
 

(END) Dow Jones Newswires

June 16, 2017 12:45 ET (16:45 GMT)

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