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OTV2 Octopus Titan Vct Plc

59.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 59.50 58.00 61.00 59.50 59.50 59.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec -289.65M -319.22M -0.2062 -2.89 921.23M

Octopus TitanVCT PLC Disposal Of Stake In Semafone Ltd

29/06/2021 12:38pm

UK Regulatory


Octopus Titan Vct (LSE:OTV2)
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Octopus Titan VCT plc ("Company" or "Titan")

29 June 2021

Disposal of stake in Semafone Ltd

The Board of Octopus Titan VCT plc is pleased to announce that Semafone Ltd has been acquired by Livingbridge. The exit represents an 8.5x return on Octopus Titan VCT plc's initial investment, and a 7.5x return on the total investment, representing an IRR of 25%. The resulting cash proceeds attributable to Titan are not materially different from the value at which Titan currently holds its investment in Semafone.

Semafone provides software to contact centres so they can collect personal data securely over various communication channels, including telephone and chat. Titan first invested in 2010 and participated in two further rounds of investment. Cumulatively, Titan invested GBP3.59m in Semafone.

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:

Katherine Fyfe

Octopus Company Secretarial Services Limited

020 7710 2800

 
 

(END) Dow Jones Newswires

June 29, 2021 07:38 ET (11:38 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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