Octopus TitanVCT PLC Octopus Titan Vct Plc : Disposal Of Zoopla Property Group

 
TIDMOTV2 
 
   Octopus Titan VCT Plc 
 
   (the "Company") 
 
   16 February 2017 
 
   Disposal of Zoopla Property Group 
 
   The Board of Octopus Titan VCT plc is pleased to announce that the 
Company has recently realised in full its investment in Zoopla Property 
Group plc ("Zoopla", now ZPG plc). 
 
   The Company first invested in Zoopla in January 2009, and has held its 
interest in Zoopla through its participation in Octopus Zenith LP 
("Zenith") since June 2013. Zoopla listed on the Main Market of the 
London Stock Exchange with a value of GBP919 million in June 2014. The 
Company has successfully realised parts of its investment in Zoopla at 
various points of strength throughout the life of the investment, the 
most recent (and final) of which was following the rise in Zoopla's 
share price following its announcement of recent acquisitions. 
 
   Whilst the disposal of the remaining holding in Zoopla does not give 
rise to a material increase in the Company's net asset value, the Board 
is delighted that it has been part of Zoopla's success story and that 
shareholders have benefitted from investment in the first billion dollar 
business to have been backed by a Venture Capital Trust. 
 
   For further information please contact: 
 
   Alex Macpherson 
 
   Octopus Investments Limited 
 
   0800 316 2295 
 
   Jo Oliver 
 
   Octopus Investments Limited 
 
   0800 316 2295 
 
   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 Titan VCT plc via Globenewswire 
 
 
  http://www.octopusinvestments.com 
 

(END) Dow Jones Newswires

February 16, 2017 05:33 ET (10:33 GMT)

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