Octopus TitanVCT PLC Net Asset Value(s) And Dividend Declaration
11 March 2020 - 3:34AM
UK Regulatory
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: 020 3935 3520
(END) Dow Jones Newswires
March 10, 2020 12:34 ET (16:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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