Octopus TitanVCT PLC Issue Of Equity And Total Voting Rights
October 23 2019 - 10:25AM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
23 October 2019
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 32,044,741 Ordinary
Shares of 10p each ("shares") were issued and allotted on 23 October
2019 at a price of 97.8p per share, equivalent to the current NAV of
92.4p grossed up by 5.5% (as set out in the Prospectus dated 16
September 2019).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP120 million with an overallotment facility of GBP50 million in
the 2019/2020 and 2020/2021 tax years.
Following the allotment, the issued share capital and total voting
rights of the Company are now 925,821,633 and the unaudited net assets
of the Company are calculated to be approximately GBP855,459,189 based
on the last released NAV per share of 92.4p.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around 5
November 2019.
For further information please contact:
Parisha Kanani
Company Secretary
0203 935 3520
(END) Dow Jones Newswires
October 23, 2019 11:25 ET (15:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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