TIDMOTV2 
 
 
 
   Octopus Titan VCT plc 
 
   3 April 2020 
 
   Net asset value 
 
   The Board of Octopus Titan VCT Plc ('the Company') has continued to 
monitor the ongoing Coronavirus pandemic developments and, in particular, 
the impact of the associated economic disruption on portfolio companies. 
 
   The Board has reviewed the portfolio and announces that the Net Asset 
Value ('NAV') at 2 April 2020 is 91.0p per share, which will be used for 
both the allotments on 3, 4 and 7 April 2020 and the Share Buy Back on 8 
April 2020. This NAV change reflects valuation adjustments across the 
portfolio, which is carried at fair value, including those resulting 
from conditions arising from the Coronavirus pandemic, as advised by the 
Investment Manager and approved by the Board. 
 
   The Board has previously declared an interim dividend of 3p per share to 
shareholders on the register on 14 April 2020. 
 
   Supporting our portfolio companies 
 
   The Investment Manager is working closely with all of the portfolio 
companies and continues to provide them with operational support and 
advice, including measures to mitigate the impact of the current trading 
conditions. The Company expects to have over GBP300 million held in cash 
and cash equivalents, following the allotments of shares referred to 
above, available to provide further funding to the portfolio companies 
and to make new investments. 
 
   Further information regarding the impact of Coronavirus on the Company 
and its portfolio companies can be found on the website at: 
 
   https://octopusinvestments.com/coronavirus-updates/coronavirus-and-octopus-titan-vct/ 
 
 
   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. 
 
   The Offer by the Company will close on 8 April 2020. 
 
   For further information please contact: 
 
   Parisha Kanani, 
 
   Company Secretary 
 
   Tel:  020 3935 3520

(END) Dow Jones Newswires

April 03, 2020 07:48 ET (11:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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