Octopus TitanVCT PLC Issue Of Equity And Total Voting Rights
11 March 2020 - 11:00PM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
11 March 2020
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 44,427,640 Ordinary
Shares of 10p each ("shares") were issued and allotted on 11 March 2020
at a price of 99.3p per share, equivalent to the current NAV of 93.8p
grossed up by 5.5% (as set out in the Prospectus dated 16 September
2019).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP120 million with an over-allotment facility of GBP50 million in
the 2019/2020 and 2020/2021 tax years.
Following the allotment, the issued share capital and total voting
rights of the Company are now 996,034,837 and the unaudited net assets
of the Company are calculated to be GBP934,280,677 based on the last
released NAV per share of 93.8p.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around
23 March 2020.
For further information please contact:
Parisha Kanani
Company Secretary
0203 935 3520
(END) Dow Jones Newswires
March 11, 2020 08:00 ET (12:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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