Octopus Titan VCT 1 Octopus Titan Vct 1 Plc : Postponement Of Issue Of Equity And Extension Of Closure Date Of Further Offer ...

 
TIDMOTV1 
 
 
   Octopus Titan VCT 1 Plc 
 
   Octopus Titan VCT 2 Plc 
 
   Octopus Titan VCT 3 Plc 
 
   Octopus Titan VCT 4 Plc 
 
   Octopus Titan VCT 5 Plc 
 
   Together "the Companies" 
 
   30 May 2014 
 
   Postponement of Issue of Equity and Extension of Closure Date of Further 
Offer for Subscription 
 
   Postponement of Issue of Equity 
 
   The Companies announce that further to the announcements made on 28 
April 2014 in regard to the postponement of the allotment of Shares 
under the Combined New Share Offer arising from the Prospectus dated 3 
September 2013 (the "Offer for Subscription") and a further Combined New 
Share Offer in the 2013/2014 and 2014/2015 tax years (the "Further Offer 
for Subscription"), (the Offer for Subscription and the Further Offer 
for Subscription together the "Offers") there continues to be 
uncertainty as to whether the allotment and issue of Shares can be made 
under all of the terms of the Offers without contravening the new rules 
published in the Finance Bill 2014. 
 
   The Directors of the Companies have decided to postpone the allotment 
and issue of further Shares under the Offers for the 2014/15 tax year 
again and until such time as the Directors believe that there is no 
ambiguity around the issue of equity. 
 
   Application monies received under the Offers in respect of the 2014/15 
tax year will continue to be held in the Companies' Offer account 
pending the decision as to when the allotment and issue of Shares can be 
made under all of the terms of the Offers. 
 
   Further announcements will be made at such time as the Directors believe 
that there is certainty whether the allotment and issue of Shares can be 
made under all of the terms of the Offers without contravening the new 
rules, and in any event prior to 30 June 2014. 
 
   Closure Date of Further Offer for Subscription 
 
   Further, the closure date of the Further Offer for Subscription will be 
extended to 30 June 2014, subject to the Directors reserving the right 
prior to 30 June 2014 to make a further extension, to allow for the 
allotment and issue of Shares under the Further Offer for Subscription 
but no further applications under the Further Offer for Subscription are 
being accepted. 
 
   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#1789713 
 
 
  http://www.octopusinvestments.com