Octopus TitanVCT PLC Net Asset Value(s) And Dividend Declaration

 
TIDMOTV2 
 
 
   Octopus Titan VCT plc 
 
   10 March 2020 
 
   Net asset value and Dividend declaration 
 
   The Board of Octopus Titan VCT plc announces that as at 31 December 2019 
the unaudited NAV of the Company was 95.2 pence per share. 
 
   To take account of the Coronavirus outbreak, which has arisen since the 
31 December 2019, the Board have reviewed the portfolio at 10(th) March 
2020 and decided that the current NAV is 93.8 pence per share which will 
be used for the allotment on 11 March 2020. This reflects a 25% discount 
to the equity valuations as at 31 December 2019, for the travel 
companies in the portfolio. 
 
   The Board has today declared a further interim dividend of 3.0p per 
share the period ended 31 December 2019. The record date for the 
dividend is 24 April 2020 and the payment date is 7 May 2020. It is not 
anticipated that any further dividends will be declared in respect of 
this period. 
 
   The Company is satisfied that all inside information which the Directors 
and the Company may have, has been and will be notified to a Regulated 
Information Service and, therefore, the Company is not prohibited from 
dealing in its own securities. 
 
   For further information please contact: 
 
   Parisha Kanani, 
 
   Company Secretary 
 
   Tel:  [phone] 
 
 
 
 

(END) Dow Jones Newswires

March 10, 2020 12:34 ET (16:34 GMT)

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