Octopus Titan VCT 4 Octopus Titan Vct 4 Plc : Postponement Of Issue Of Equity And Extension Of Closure Date Of Further Offer ...
May 30 2014 - 11:27AM
UK Regulatory
TIDMOTV4
Octopus Titan VCT 1 Plc
Octopus Titan VCT 2 Plc
Octopus Titan VCT 3 Plc
Octopus Titan VCT 4 Plc
Octopus Titan VCT 5 Plc
Together "the Companies"
30 May 2014
Postponement of Issue of Equity and Extension of Closure Date of Further
Offer for Subscription
Postponement of Issue of Equity
The Companies announce that further to the announcements made on 28
April 2014 in regard to the postponement of the allotment of Shares
under the Combined New Share Offer arising from the Prospectus dated 3
September 2013 (the "Offer for Subscription") and a further Combined New
Share Offer in the 2013/2014 and 2014/2015 tax years (the "Further Offer
for Subscription"), (the Offer for Subscription and the Further Offer
for Subscription together the "Offers") there continues to be
uncertainty as to whether the allotment and issue of Shares can be made
under all of the terms of the Offers without contravening the new rules
published in the Finance Bill 2014.
The Directors of the Companies have decided to postpone the allotment
and issue of further Shares under the Offers for the 2014/15 tax year
again and until such time as the Directors believe that there is no
ambiguity around the issue of equity.
Application monies received under the Offers in respect of the 2014/15
tax year will continue to be held in the Companies' Offer account
pending the decision as to when the allotment and issue of Shares can be
made under all of the terms of the Offers.
Further announcements will be made at such time as the Directors believe
that there is certainty whether the allotment and issue of Shares can be
made under all of the terms of the Offers without contravening the new
rules, and in any event prior to 30 June 2014.
Closure Date of Further Offer for Subscription
Further, the closure date of the Further Offer for Subscription will be
extended to 30 June 2014, subject to the Directors reserving the right
prior to 30 June 2014 to make a further extension, to allow for the
allotment and issue of Shares under the Further Offer for Subscription
but no further applications under the Further Offer for Subscription are
being accepted.
For further information, please contact:
Patricia Standaloft
Company Secretary
0207 710 6471
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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 4 PLC via Globenewswire
HUG#1789720
http://www.octopusinvestments.com
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