Octopus TitanVCT PLC Octopus Titan Vct Plc : Issue Of Equity And Total Voting Rights
21 November 2017 - 9:44AM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
20 November 2017
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 88,257,069 Ordinary
Shares of 10p each ("shares") were issued and allotted on 17 November
2017 at a price of 102.2p per share, equivalent to the current NAV of
96.5p grossed up by 5.5% (as set out in the Prospectus dated 5 September
2017).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP120 million, with an over allotment facility of GBP80 million,
in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017.
Included within the allotment:
Mr John Hustler, a director of the Company, was allotted 10,517 Ordinary
Shares at a price per share of 102.2p and his total holding is now
92,695, representing less than 0.1% of the Company's issued Ordinary
share capital.
Mr Mark Hawkesworth, a director of the Company, was allotted 10,517
Ordinary Shares at a price per share of 102.2p and his total holding is
now 86,202, representing less than 0.1% of the Company's issued Ordinary
share capital
Following yesterday's allotment, the issued share capital and total
voting rights of the Company are now 537,247,670 and the unaudited net
assets of the Company are approximately GBP518 million, based on a NAV
per share of 96.5p.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around 1
December 2017.
For further information please contact:
Nicola Board
Company Secretary
0207 776 8663
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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 Titan VCT plc via Globenewswire
http://www.octopusinvestments.com
(END) Dow Jones Newswires
November 20, 2017 17:44 ET (22:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Octopus Titan Vct (LSE:OTV2)
Historical Stock Chart
From May 2024 to Jun 2024
Octopus Titan Vct (LSE:OTV2)
Historical Stock Chart
From Jun 2023 to Jun 2024