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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 | 58.00 | 59.50 | 0.00 | 08:00:11 |
| 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
3 April 2020
Net asset value
The Board of Octopus Titan VCT Plc ('the Company') has continued to
monitor the ongoing Coronavirus pandemic developments and, in particular,
the impact of the associated economic disruption on portfolio companies.
The Board has reviewed the portfolio and announces that the Net Asset
Value ('NAV') at 2 April 2020 is 91.0p per share, which will be used for
both the allotments on 3, 4 and 7 April 2020 and the Share Buy Back on 8
April 2020. This NAV change reflects valuation adjustments across the
portfolio, which is carried at fair value, including those resulting
from conditions arising from the Coronavirus pandemic, as advised by the
Investment Manager and approved by the Board.
The Board has previously declared an interim dividend of 3p per share to
shareholders on the register on 14 April 2020.
Supporting our portfolio companies
The Investment Manager is working closely with all of the portfolio
companies and continues to provide them with operational support and
advice, including measures to mitigate the impact of the current trading
conditions. The Company expects to have over GBP300 million held in cash
and cash equivalents, following the allotments of shares referred to
above, available to provide further funding to the portfolio companies
and to make new investments.
Further information regarding the impact of Coronavirus on the Company
and its portfolio companies can be found on the website at:
https://octopusinvestments.com/coronavirus-updates/coronavirus-and-octopus-titan-vct/
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.
The Offer by the Company will close on 8 April 2020.
For further information please contact:
Parisha Kanani,
Company Secretary
Tel: 020 3935 3520
(END) Dow Jones Newswires
April 03, 2020 07:48 ET (11:48 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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