Octopus Apollo VCT Net Asset Value(s)

 
TIDMOAP3 
 
 
   Octopus Apollo VCT plc 
 
   2 April 2020 
 
   Net asset value 
 
   The Board of Octopus Apollo VCT plc announces that as at 31 January 2020 
the unaudited NAV of the Company was 45.7 pence per share. 
 
   To take account of the Coronavirus outbreak, which has arisen since the 
31 January 2020, the Board has reviewed the portfolio at 2 April 2020 in 
detail and concluded that the current NAV is 42.9 pence per share which 
will be used for the allotment on 3 April 2020. This NAV change reflects 
valuation adjustments across the portfolio, which is carried at fair 
value, resulting from conditions arising from the Coronavirus pandemic, 
as advised by the Investment Manager and approved by the Board. 
 
   Supporting our portfolio companies 
 
   We have increased our dialogue with our portfolio companies and continue 
to provide them with operational support and advice, in relation to 
accessing various elements of the Government's financial assistance 
packages as well as other measures to mitigate the impact of the current 
trading conditions. 
 
   We continue to monitor the portfolio very closely and have issued a 
statement on our website regarding the impact of Coronavirus on Apollo, 
which can be found here: 
 
   https://octopusinvestments.com/coronavirus-updates/coronavirus-and-octopus-apollo-vct/ 
 
 
   The Company is satisfied that all inside information which the Directors 
and the Company may have, has been and will be notified to a Regulated 
Information Service and, therefore, the Company is not prohibited from 
dealing in its own securities. 
 
   The Offer by the Company remains open for both the 2019/20 and 2020/21 
tax years. 
 
   For further information please contact: 
 
   Parisha Kanani, 
 
   Company Secretary 
 
   Tel: [phone] 
 
 
 
 

(END) Dow Jones Newswires

April 02, 2020 10:04 ET (14:04 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.