Octopus VCT 2 PLC Octopus Vct 2 Plc : Possible Merger Between Octopus Apollo Vct Plc And Octopus Vct 2 Plc ("Companies")

 
TIDMOVC2 
 
   Octopus Apollo VCT PLC 
 
   Octopus VCT 2 PLC 
 
   Together "the Companies" 
 
 
 
   6 October 2015 
 
   Possible merger between Octopus Apollo VCT PLC and Octopus VCT 2 PLC 
("Companies") 
 
   The boards of directors of the Companies announce that they have entered 
into discussions regarding a possible merger of the Companies 
("Merger"). These discussions may or may not lead to an agreement to 
merge the Companies.  If the Merger proceeds the current intention is 
that it will be undertaken by way of a scheme of reconstruction under 
the Insolvency Act 1986, which would be outside the provisions of The 
City Code on Takeovers and Mergers. 
 
   The Merger will require formal approval from the shareholders of both 
Companies and is expected to provide a range of benefits to all 
shareholders. If the Merger is approved, it is expected to achieve cost 
savings through the establishment of a larger combined fund. 
 
   Octopus Apollo VCT is also pleased to announce its intention to launch 
an offer for subscription to raise up to GBP30 million, with an 
over-allotment facility of a further GBP10 million, in November 2015. 
 
   A further announcement will be made in due course. 
 
   For additional information, please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   Octopus Apollo VCT and Octopus VCT 2 plc 
 
   020 7776 8663 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Octopus VCT 2 PLC via Globenewswire 
 
   HUG#1957018 
 
 
  http://www.octopusinvestments.com/ 
 

(END) Dow Jones Newswires

October 06, 2015 06:23 ET (10:23 GMT)

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