Octopus TitanVCT PLC Issue Of Equity And Total Voting Rights

 
TIDMOTV2 
 
 
   OCTOPUS TITAN VCT PLC 
 
   07 April 2020 
 
   Issue of Equity and Total Voting Rights 
 
   Octopus Titan VCT plc (the "Company") announces that 2,941,978 Ordinary 
Shares of 10p each (the "Shares") were issued and allotted on 07 April 
2020 at a price of 96.3p per share, equivalent to the current NAV of 
91.0p grossed up by 5.5% (as set out in the Prospectus dated 16 
September 2019). 
 
   These shares were issued pursuant to an Offer for Subscription to raise 
up to GBP120 million with an over-allotment facility of GBP50 million in 
the 2019/2020 and 2020/2021 tax years. 
 
   Included within the allotment: 
 
   Mr Matthew Cooper, a director of the Company, was allotted 219,106 
Ordinary Shares at a price per share of 96.3p and his holding is now 
1,661,308, representing 0.16% of the Company's issued Ordinary share 
capital. 
 
   Following the allotment, the issued share capital and total voting 
rights of the Company are now 1,016,478,060 and the unaudited net assets 
of the Company are calculated to be GBP924,995,035 based on the last 
released NAV per share of 91.0p. 
 
   Application has been made to the London Stock Exchange for admission of 
the new shares. Admission is expected to become effective on or around 
17 April 2020. 
 
   For further information please contact: 
 
   Parisha Kanani 
 
   Company Secretary 
 
   0203 935 3520 
 
 
 
 

(END) Dow Jones Newswires

April 07, 2020 12:39 ET (16:39 GMT)

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