Octopus Apollo VCT Circ Re. C Share Class Liquidity

 
TIDMOAP3 TIDMOAPC 
 
 
   Octopus Apollo VCT plc (the "Company") 
 
   3 July 2015 
 
   Issue of Circular 
 
   Publication of a Circular (the "Circular") in connection with 
recommended proposals relating to 
 
 
   -- an amendment the Company's Articles to provide for the C Share Dividend 
 
   -- an election to receive the C Share Dividend 
 
   -- the conversion of C Shares to Ordinary Shares 
 
   -- the cancellation of the Company's share premium account 
 
   -- the reduction of the Company's share capital 
 
   -- the buyback of deferred shares 
 
 
   On 28 November 2014 the Company acquired the assets and liabilities of 
Octopus VCT plc ("OVCT") in consideration for the allotment of C Shares 
to the former shareholders of OVCT. At the time of this merger, the 
former shareholders of OVCT were informed that in the summer of 2015, 
once their five-year VCT qualifying period had been achieved, an 
opportunity would be provided to exit their investment in the Company or, 
should they wish to continue their investment, to have their C Shares 
converted into Ordinary Shares on a relative net asset value basis in 
accordance with the Articles. The Company has today issued the Circular 
in order to implement these exit and conversion proposals. 
 
   Expected Timetable for the Proposals 
 
 
 
 
Latest time for receipt of forms of proxy for the                                         3.00 pm on 24 July 2015 
 General Meeting 
Latest time for receipt of forms of proxy for the                                         3.15 pm on 24 July 2015 
 C Share Class Meeting 
Latest time for receipt of Form of Election                                               3.00 pm on 24 July 2015 
Record Date for C Share Dividend                                                                     24 July 2015 
C Shares register closes                                                                  5.00 pm on 24 July 2015 
General Meeting 
                                                                3.00 pm on 28 July 2015 (or as soon as reasonably 
                                                             practicable thereafter as the Annual General Meeting 
                                                                                      has concluded or adjourned) 
C Share Class Meeting 
                                                                3.15 pm on 28 July 2015 (or as soon as reasonably 
                                                                practicable thereafter as the General Meeting has 
                                                                                          concluded or adjourned) 
 
  Announcement of the results of the Meetings                                                        28 July 2015 
C Share Calculation Date                                                                           20 August 2015 
C Share Conversion                                                                                 21 August 2015 
C Share Dividend Payment Date                                                                      21 August 2015 
Admission of the Ordinary Shares arising pursuant                                                  24 August 2015 
 to the C Share Conversion 
CREST accounts credited (if applicable) in respect                                                 24 August 2015 
 of Ordinary Shares arising pursuant to the C Share 
 Conversion 
Certificates for Ordinary Shares despatched to Conversion                        Week commencing 7 September 2015 
 C Shareholders 
 
 
   The dates set out in the expected timetable above may be adjusted by the 
Company, in which event details of the new dates will be notified 
through a Regulatory Information Service. 
 
   Copies of the Circular will shortly be available for inspection at the 
National Storage Mechanism, which is located at: 
 
   http://www.hemscott.com/nsm.do 
 
   and on the Company's website: 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   020 7776 8663 
 
   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 Apollo VCT plc via Globenewswire 
 
   HUG#1934324