Octopus Eclipse VCT plc
20 January 2015
New Share Offer and Issue of New Share Offer Document
The board of Octopus Eclipse VCT plc, ("the Company") is pleased to announce that the Company has launched a new share offer (the "Offer") to raise up to £3.8 million in the 2014/2015 and 2015/2016 tax years. Full details of the Offer are contained in an offer document (the "Offer Document") issued by the Company, dated 19 January 2015.
The Offer opened on 19 January 2015 and will close at 12 noon on 15 December 2015 unless fully subscribed at an earlier date.
Pursuant to the Offer, Octopus Investments Limited, the Company's investment manager, will receive:
· a fee of up to 5.5% of the gross proceeds received by the Company under the Offer (comprising an initial charge of 3 per cent. of the gross funds raised and an initial commission of up to 2.5 per cent of gross funds raised from investors who have not invested their money through a financial intermediary ("Direct Investors")); and
· an additional ongoing charge of 0.5% of the net asset value of the investment amounts received by the Company from Direct Investors, payable for up to nine years, provided the Direct Investors continue to hold the shares.
The Offer Document will shortly be available for inspection at the National Storage Mechanism, which is located at:
http://www.hemscott.com/nsm.do.
Copies of the Offer Document are also available from the Company's website:
http://www.octopusinvestments.com/investors/shareholder-information/eclipse-vct/
For further information please contact:
Patricia Standaloft
Company Secretary
0207 710 6471
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