Octopus Apollo VCT Octopus Apollo Vct Plc : Issue Of Equity, Closure Of Offer And Total Voting Rights

 
TIDMOAP3 
 
 
   OCTOPUS APOLLO VCT PLC 
 
   19 September 2016 
 
   Issue of Equity, Closure of Offer and Total Voting Rights 
 
   Octopus Apollo VCT plc (the "Company") announces that a final allotment 
of 3,777,225 Ordinary Shares of 10p each ("shares") were issued and 
allotted on 16 September 2016 at a price of 84.8p per share, equivalent 
to the current NAV of 80.5p grossed up by 5.0% (as set out in the 
Prospectus dated 2 November 2015). These shares were issued pursuant to 
the Offer for Subscription to raise up to GBP30 million, with an over 
allotment facility of GBP10 million, in the 2015/2016 and 2016/2017 tax 
years. 
 
   The Company has raised approximately GBP40.0 million under the Offer. 
1,053,134 Ordinary Shares of 10p each were issued and allotted on the 
same terms and conditions as set out in the Prospectus but which, on 
account of the Offer being full, were issued and allotted outside of the 
Offer, raising approximately a further GBP0.9 million. This brings the 
total amount raised by the Company since 2 November 2015 to 
approximately GBP40.9 million. 
 
   Application has been made to the London Stock Exchange for admission of 
the new shares. Admission is expected to become effective on or around 
30 September 2016. 
 
   The Offer is now closed. 
 
   The issued share capital and total voting rights of the Company is now: 
175,555,266 Ordinary 10p Shares. 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   020 7776 8663 
 
   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 Apollo VCT plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

September 19, 2016 12:21 ET (16:21 GMT)

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