Octopus Titan VCT 1 Octopus Titan Vct 1 Plc : Issue Of Equity, Closure Of Offers And Total Voting Rights

 
TIDMOTV1 
 
 
   OCTOPUS TITAN VCT 1 PLC 
 
   18 April 2014 
 
   Issue of Equity, Closure of Offers and Total Voting Rights 
 
   Octopus Titan 1 plc ("the Company") announces a final allotment of 
ordinary shares of 10p each in the capital of the Company ("Shares") 
pursuant to an offer for subscription arising from a Prospectus that was 
issued on 3 September 2013 (the "Prospectus Offer") and a further offer 
for subscription that was launched on 4 April 2014 (the "Further Offer"), 
each relating to an offer for subscription for Shares in the 2013/2014 
and 2014/2015 tax years (the Prospectus Offer and the Further Offer 
together the "Offers"). 
 
   As previously announced, the Company had indicated that an allotment of 
Shares under the Offers for the 2014/15 tax year would take place on 30 
April 2014. However, the Board of the Company decided to postpone the 
allotment and issue of further Shares under the Offers until there was 
certainty as to whether the allotment and issue could be made under all 
of the terms of the Offers without contravening the VCT rules as 
contained in the Finance Bill 2014.  This uncertainty has now been fully 
resolved following discussions with HMRC. 
 
   Accordingly, the Company announces that on 17 June 2014, 227,865 Shares 
were issued and allotted under the Prospectus Offer and 547,500 Shares 
were issued and allotted under the Further Offer at the 30 April 2014 
valuation and at a price of 97.6p per Share. 
 
   The Company confirms the allotment and issue of 6,536 Ordinary Shares of 
10p each at a price of 93.6p to shareholders who elected to receive 
Ordinary Shares under the Dividend Reinvestment Scheme as an alternative 
for the final dividend for the year ended 31 October 2013. 
 
   Application has been made to the London Stock Exchange for admission of 
the new shares. Admission is expected to become effective on or around 1 
July 2014. 
 
   The Offers are now closed. 
 
   The issued share capital and total voting rights of the Company is now: 
32,567,631 Ordinary Shares. 
 
   For further information please contact: 
 
   Patricia Standaloft 
 
   Company Secretary 
 
   0207 710 6471 
 
   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 Titan VCT 1 PLC via Globenewswire 
 
   HUG#1795291 
 
 
  http://www.octopusinvestments.com