Octopus AIM VCT 2 plc Octopus Aim Vct 2 Plc : Publication Of Prospectus And Circular
June 16 2017 - 11:45AM
UK Regulatory
TIDMOSEC TIDMOOA
Octopus AIM VCT plc and Octopus AIM VCT 2 plc (the "Companies")
16 June 2017
Publication of Prospectus and Circular
The Companies have today issued a prospectus and circular relating to a
proposed offer for subscription for ordinary shares of 1p each in
Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc ("New
Shares") to raise up to GBP30 million with an over allotment facility of
up to a further GBP10 million (the "Offer"), following the approval of
the prospectus from the UK Listing Authority.
Pursuant to agreements dated 16 June 2017 relating to the Offer between
the Companies and Octopus Investments Limited, the Companies' investment
manager (the "Investment Manager"), which constitute smaller related
party transactions within Listing Rule 11.1.10 R, the Investment Manager
will receive:
-- an initial charge of 3 per cent. of the gross funds raised under the
Offer by the Companies; and
-- a further charge of up to 2.5 per cent of gross funds raised under the
Offer by the Companies from investors who have not invested their money
through a financial intermediary ("Direct Investors"); and
-- an additional ongoing charge of 0.5% per annum of the most recently
announced net asset value multiplied by the number of New Shares allotted
to Direct Investors for up to nine years, provided the Direct Investors
continue to hold the New Shares.
The Offer is now open and will close at 5 p.m. on 4 April 2018 for the
2017/2018 tax year and noon on 15 June 2018 for the 2018/2019 tax year,
or earlier if the Offer is fully subscribed. The boards of the Companies
reserve the right to close the Offer earlier.
The prospectus and circular will shortly be available for inspection at
the National Storage Mechanism, which is located at:
http://www.morningstar.co.uk/uk/NSM
and on the Companies' website:
http://www.octopusinvestments.com
For further information please contact:
Nicola Board
Company Secretary
0800 316 2295
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 AIM VCT 2 plc via Globenewswire
http://www.octopusinvestments.com
(END) Dow Jones Newswires
June 16, 2017 12:45 ET (16:45 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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