Octopus AIM VCT PLC Publication Of Prospectus And Circular

 
TIDMOOA TIDMOSEC 
 
 
   Octopus AIM VCT plc and Octopus AIM VCT 2 plc ("the "Companies") 
 
   3 August 2018 
 
   Publication of Prospectus and Circular 
 
   The Companies have today issued a prospectus and circular relating to a 
proposed offer for subscription for ordinary shares of 1p each in 
Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc ("New 
Shares") to raise up to GBP20 million with an over allotment of up to a 
further GBP10 million (the "Offer"), following the approval of the 
prospectus from the UK Listing Authority. 
 
   Pursuant to agreements dated 3 August 2018 relating to the Offer between 
the Companies and Octopus Investments Limited, the Companies' investment 
manager (the "Investment Manager"), which constitute smaller related 
party transactions within Listing Rule 11.1.10 R, the Investment Manager 
will receive: 
 
 
   -- an initial charge of 3 per cent of the gross funds raised under the Offer 
      by the Companies; and 
 
   -- a further charge of up to 2.5 per cent of gross funds raised under the 
      Offer by the Companies from investors who have not invested their money 
      through a financial intermediary ("Direct Investors"); and 
 
   -- an additional ongoing charge of 0.5% per annum of the most recently 
      announced net asset value multiplied by the number of New Shares allotted 
      to Direct Investors for up to nine years, provided the Direct Investors 
      continue to hold the New Shares. 
 
 
 
   The Offer is now open and will close at noon on 4 April 2019 for the 
2018/2019 tax year and noon on 2 August 2019 for the 2019/2020 tax year, 
or earlier if the Offer is fully subscribed. The boards of the Companies 
reserve the right to close the Offer earlier. 
 
   The prospectus and circular 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 Companies' website 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Suzanna Waterhouse 
 
   Company Secretary 
 
   020 3142 4957 
 
 
 
 

(END) Dow Jones Newswires

August 03, 2018 10:00 ET (14:00 GMT)

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