Octopus Apollo VCT Publication Of Prospectus And Circular

 
TIDMOAP3 
 
 
   Octopus Apollo VCT plc ("the "Company") 
 
   25 September 2020 
 
   Publication of Prospectus and Circular 
 
   The Company has issued a prospectus and circular, both dated 25 
September 2020, relating to a proposed offer for subscription for 
ordinary shares of 10p each in the Company ("New Shares") to raise up to 
GBP25 million with an over-allotment of up to a further GBP10 million 
(the "Offer"), following the approval of the prospectus from the 
Financial Conduct Authority. 
 
   Pursuant to an agreement dated 25 September 2020 relating to the Offer 
between, inter alia, the Company and Octopus Investments Limited, the 
Company's investment manager (the "Manager"), which constitutes a 
smaller related party transaction within Listing Rule 11.1.10 R, the 
Manager will receive: 
 
 
   -- an initial charge of 3 per cent. of the gross funds raised under the 
      Offer by the Company; and 
 
   -- a further charge of up to 2.5 per cent of gross funds raised under the 
      Offer by the Company from investors who have not invested their money 
      through a financial intermediary ("Direct Investors"); and 
 
   -- an additional ongoing charge of 0.5% of the net asset value of the 
      investment amount received by the Company under the Offer from Direct 
      Investors, payable 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 5 April 2021 for the 
2020/2021 tax year and noon on 24 September 2021 for the 2021/2022 tax 
year, or earlier if the Offer is fully subscribed. The board of the 
Company reserves 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: 
 
   https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
 
   and on the Company's website 
 
   http://www.octopusinvestments.com 
 
   For further information please contact: 
 
   Graham Venables 
 
   Octopus Company Secretarial Services Limited 
 
   020 3935 3803 
 
 
 
 

(END) Dow Jones Newswires

September 25, 2020 11:00 ET (15:00 GMT)

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