Octopus T.vct Regulatory News (OTV2)

15 Jul 2019 14:02

Issue of Equity and Total Voting Rights

OCTOPUS TITAN VCT PLC

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the “Company”) announces that the following issues of Ordinary Shares of 10p each (“Shares”) in the capital of the Company were allotted on 8 July 2019, subject to admission: 

24,123 Shares in relation to a joint offer for subscription pursuant to a prospectus issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 7 February 2013; 24,031 Shares in relation to a joint offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 3 September 2013; 15,925 Shares in relation to a joint top up offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 16 September 2014; 33,119 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 8 September 2015; and 51,785 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 23 August 2016. 55,897 Shares be issued in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 5 September 2017 17,008 Shares be issued in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 14 September 2018

The Company announces that the Shares referred to in a, b, c, d, e, f and g above were issued and allotted at a price equivalent to the current NAV of 92.4p under the terms of the relevant document. The allotments of the Ordinary Shares of 10p each in the capital of the Company were made after the close of the respective offers for subscription and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the respective offers for subscription.

In addition, a further 49,698 Ordinary Shares of 10p each were issued and allotted to employees of Octopus Capital Limited at a price equivalent to the current NAV of 92.4p, as a result of a rebate of part of the annual management charge by Octopus Investments Limited, the Company's investment manager.

Mr Matt Cooper, a director of the Company, was allotted 18,971 Ordinary Shares at a price per share of 92.4p and his total holdings are 1,442,202 now, representing approximately 0.16% of the Company’s issued Ordinary share capital.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 19 July 2019.

The issued share capital and total voting rights of the Company is now: 894,684,076.

For further information please contact:

Parisha KananiCompany Secretary020 3935 3520