Octopus Apollo VCT Octopus Apollo Vct Plc D : Issue Of Letter To D Shareholders

 
TIDMOAPD 
 
 
   Octopus Apollo VCT plc (the "Company") 
 
   Issue of Letter to D Shareholders 
 
   Issue of letter (the "D Shareholders' Letter") in connection with 
 
 
   -- an election to receive a D Share Dividend; and 
 
   --  the conversion of D Shares to Ordinary Shares 
 
 
   On 27 January 2016 the Company acquired the assets and liabilities of 
Octopus VCT 2 plc ("OVCT2") in consideration of the allotment of D 
shares to the former shareholders of OVCT2. At the time of this merger, 
the former shareholders of OVCT2 were informed that after 30 June 2016, 
once the five year VCT minimum holding period for all original OVCT2 
shareholders has been reached, an opportunity would be provided to 
either (a) exit their investment in the Company with regards to their D 
shares or (b) to have their D shares converted into ordinary shares on a 
relative net asset value basis in accordance with the Company's articles 
of association. The Company has today issued the D Shareholders' Letter 
in order to implement these exit and conversion proposals. 
 
   Expected Timetable for the Proposals 
 
 
 
 
Latest time for receipt of Form of Election/Settled     6 p.m. on 15 July 2016 
 USE CREST instruction 
D Share Record Date                                               15 July 2016 
D Shares register closes                                6 p.m. on 15 July 2016 
D Share Calculation Date                                         4 August 2016 
D Share Conversion                                               5 August 2016 
D Share Dividend Payment Date/cheques sent out                   5 August 2016 
Admission of the Ordinary Shares arising pursuant                8 August 2016 
 to the D Share Conversion 
CREST accounts credited (if applicable) in respect               8 August 2016 
 of Ordinary Shares arising pursuant to the D Share 
 Conversion 
Certificates despatched in respect of Ordinary Shares       Week commencing 22 
 arising pursuant to the D Share Conversion                        August 2016 
 
 
   The dates set out in the expected timetable above may be adjusted by the 
Company, in which event details of the new dates will be notified to D 
Shareholders through a regulatory information service 
 
   Copies of the D Shareholders' Letter 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 Company's website: 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   0207 776 8663 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 D via Globenewswire 
 
   HUG#2016255 
 
 
  http://www.octopusinvestments.com 
 

(END) Dow Jones Newswires

May 27, 2016 10:26 ET (14:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.