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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Octopus Ecl. | LSE:OEC1 | London | Ordinary Share | GB00B00MKB60 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOAP3 TIDMOEC1 Octopus Apollo VCT PLC Octopus Eclipse VCT PLC Together "the Companies" 27 September 2016 Possible merger between Octopus Apollo VCT PLC and Octopus Eclipse VCT PLC The boards of directors of the Companies announce that they have entered into discussions regarding a possible merger of the Companies ("Merger"). These discussions may or may not lead to an agreement to merge the Companies. If the Merger proceeds the current intention is that it will be undertaken by way of a scheme of reconstruction under the Insolvency Act 1986, which would be outside the provisions of The City Code on Takeovers and Mergers. The Merger will require formal approval from the shareholders of both Companies and is expected to provide a range of benefits to all shareholders. If the Merger is approved, it is expected to achieve cost savings through the establishment of a larger combined fund. Octopus Apollo VCT plc is also pleased to announce its intention to launch an offer for subscription to raise up to GBP20 million in November 2016. A further announcement will be made in due course. For additional information, please contact: Nicola Board Company Secretary Octopus Apollo VCT plc and Octopus Eclipse VCT plc 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 27, 2016 10:15 ET (14:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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