Octopus TitanVCT PLC Octopus Titan Vct Plc : Issue Of Equity And Total Voting Rights
February 02 2018 - 9:28AM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
2 February 2018
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 26,821,677 Ordinary
Shares of 10p each ("shares") were issued and allotted today at a price
of 103.0p per share, equivalent to the current NAV of 97.3p grossed up
by 5.5% (as set out in the Prospectus dated 5 September 2017).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP120 million, with an over allotment facility of GBP80 million,
in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017.
Following today's allotment, the issued share capital and total voting
rights of the Company are now 569,752,037 and the unaudited net assets
of the Company are approximately GBP554 million, based on a NAV per
share of 97.3p.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around
16 February 2018.
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
February 02, 2018 10:28 ET (15:28 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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