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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 59.50 | 58.00 | 61.00 | 59.50 | 59.50 | 59.50 | 19,745 | 08:00:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | -289.65M | -319.22M | -0.2062 | -2.89 | 921.23M |
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Octopus Titan VCT plc ("Company" or "Titan")
25 May 2021
Disposal of stake in WaveOptics Ltd
The Board of Octopus Titan VCT plc is pleased to announce that terms
have been agreed for Snap Inc to acquire WaveOptics Ltd at a value not
materially different from its holding value.
WaveOptics is a business that designs and sells a set of components for
use in Augmented Reality ("AR") glasses that allow for the creation of
AR displays. Titan invested at the series A funding round in 2015 and
subsequently led the series B funding round in 2017 and the series C
fundraise in 2018 and participated in the convertible note last year.
Cumulatively, Titan invested GBP16.0m in WaveOptics.
This is the biggest UK deeptech acquisition in years and demonstrates
the important role that VCTs play in helping to build great businesses
that leverage technology to make a difference to their end customers in
the products and services they provide.
For further enquiries, please contact:
Katherine Fyfe
Octopus Company Secretarial Services Limited
020 7710 2800
(END) Dow Jones Newswires
May 25, 2021 09:56 ET (13:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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