Octopus TitanVCT PLC Octopus Titan Vct Plc : Issue Of Equity, Closure Of Offer And Total Voting Rights
August 17 2017 - 2:27PM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
17 August 2017
Issue of Equity, Closure of Offer and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 153,796 Ordinary
Shares of 10p each ("shares") were issued and allotted today at a price
of 98.7p per share, equivalent to the current NAV of 93.2p grossed up by
5.5% (as set out in the Prospectus dated 23 August 2016).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP70 million, with an over allotment facility of GBP50 million,
in the 2016/2017 and 2017/2018 tax years, dated 23 August 2016 (the
"Offer").
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around
21 August 2017.
The Offer is now closed.
Following this allotment, the issued share capital and total voting
rights of the Company are now 447,358,835 and the unaudited net assets
of the Company are approximately GBP417 million, based on a NAV per
share of 93.2p.
For further information please contact:
Nicola Board
Company Secretary
0207 776 8663
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 Titan VCT plc via Globenewswire
http://www.octopusinvestments.com
(END) Dow Jones Newswires
August 17, 2017 15:27 ET (19:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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