Octopus Titan VCT 4 Octopus Titan VCT 4 PLC : Offer for subscription update and change to buyback policy
12 January 2013 - 3:02AM
UK Regulatory
TIDMOTV4
Octopus Titan VCT 4 Plc
Offer for subscription update and change to buyback policy
On 10 December 2012 Octopus Titan VCT 1 Plc, Octopus Titan VCT 2 Plc, Octopus
Titan VCT 3 Plc, Octopus Titan VCT 4 Plc and Octopus Titan VCT 5 Plc
("Company/ies") announced proposals to launch a new fundraising in 2013 by way
of an offer for subscription for new ordinary shares ("Offer(s)").
Subject to regulatory and shareholder approval, the Companies are pleased to
announce further terms of the Offers.
It is intended that the Offers will be launched towards the end of January/early
February and subscriptions will be available for both the tax years 2012/13 and
2013/14.
The Offers will be for up to GBP30m split equally between the Companies, with an
over allotment facility of a further GBP10m. The subscription price will be based
on the most recently published NAV (adjusted for the cost of the Offer),
immediately prior to allotment.
Further, the Company will be changing its buy back policy so that shares will be
bought at a 5% discount to the prevailing net asset value (previously 10%).
For further information please contact:
Patricia Standaloft
Company Secretary
020 7710 6471
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Octopus Titan VCT 4 PLC via Thomson Reuters ONE
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