Octopus TitanVCT PLC Octopus Titan Vct Plc : Issue Of Equity And Total Voting Rights

 
TIDMOTV2 
 
 
   OCTOPUS TITAN VCT PLC 
 
   20 November 2017 
 
   Issue of Equity and Total Voting Rights 
 
   Octopus Titan VCT plc (the "Company") announces that 88,257,069 Ordinary 
Shares of 10p each ("shares") were issued and allotted on 17 November 
2017 at a price of 102.2p per share, equivalent to the current NAV of 
96.5p grossed up by 5.5% (as set out in the Prospectus dated 5 September 
2017). 
 
   These shares were issued pursuant to an Offer for Subscription to raise 
up to GBP120 million, with an over allotment facility of GBP80 million, 
in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017. 
 
   Included within the allotment: 
 
   Mr John Hustler, a director of the Company, was allotted 10,517 Ordinary 
Shares at a price per share of 102.2p and his total holding is now 
92,695, representing less than 0.1% of the Company's issued Ordinary 
share capital. 
 
   Mr Mark Hawkesworth, a director of the Company, was allotted 10,517 
Ordinary Shares at a price per share of 102.2p and his total holding is 
now 86,202, representing less than 0.1% of the Company's issued Ordinary 
share capital 
 
   Following yesterday's allotment, the issued share capital and total 
voting rights of the Company are now 537,247,670 and the unaudited net 
assets of the Company are approximately GBP518 million, based on a NAV 
per share of 96.5p. 
 
   Application has been made to the London Stock Exchange for admission of 
the new shares. Admission is expected to become effective on or around 1 
December 2017. 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   0207 776 8663 
 
   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

November 20, 2017 17:44 ET (22:44 GMT)

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