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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Octopus Titan Vct Plc | LSE:OTV2 | London | Ordinary Share | GB00B28V9347 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -3.36% | 57.50 | 56.00 | 59.00 | 57.50 | 57.50 | 57.50 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | -120.61M | -149.5M | -0.0966 | -5.95 | 890.27M |
Hot Features
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TIDMOTV2
Octopus Titan VCT plc ("Company" or "Titan")
2 June 2021
Disposal of stake in Depop Ltd
The Board of Octopus Titan VCT plc is pleased to announce that terms
have been agreed for Etsy Inc to acquire Depop Ltd at a headline price
of $1.625bn. The resulting cash proceeds attributable to Titan are not
materially different from the value at which Titan currently holds its
investment in Depop. The consideration will consist primarily of cash
and is expected to complete in the third quarter of 2021.
Depop is a mobile-first marketplace connecting those looking to buy and
sell streetwear. Depop's core sellers are mainly comprised of individual
creatives looking for a route to market for their collections of
clothing. Titan invested at the series B funding round in 2018 and
participated in the series C funding round in 2019. Cumulatively, Titan
invested GBP8.7m in Depop.
This demonstrates the important role that VCTs play in investing in the
people, ideas and industries that will help change the world.
For further enquiries, please contact:
Octopus Company Secretarial Services Limited
020 3935 4186
(END) Dow Jones Newswires
June 02, 2021 09:53 ET (13:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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