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Company Announcements

Circ re. C Share Class Liquidity

Octopus Apollo VCT plc (the "Company")

3 July 2015

Issue of Circular

Publication of a Circular (the "Circular") in connection with recommended proposals relating to

  • an amendment the Company's Articles to provide for the C Share Dividend
     
  • an election to receive the C Share Dividend
     
  • the conversion of C Shares to Ordinary Shares
     
  • the cancellation of the Company's share premium account
     
  • the reduction of the Company's share capital
     
  • the buyback of deferred shares

On 28 November 2014 the Company acquired the assets and liabilities of Octopus VCT plc ("OVCT") in consideration for the allotment of C Shares to the former shareholders of OVCT. At the time of this merger, the former shareholders of OVCT were informed that in the summer of 2015, once their five-year VCT qualifying period had been achieved, an opportunity would be provided to exit their investment in the Company or, should they wish to continue their investment, to have their C Shares converted into Ordinary Shares on a relative net asset value basis in accordance with the Articles. The Company has today issued the Circular in order to implement these exit and conversion proposals.

Expected Timetable for the Proposals

Latest time for receipt of forms of proxy for the General Meeting

 
3.00 pm on 24 July 2015
Latest time for receipt of forms of proxy for the C Share Class Meeting

 
3.15 pm on 24 July 2015
Latest time for receipt of Form of Election

 
3.00 pm on 24 July 2015
Record Date for C Share Dividend

 
24 July 2015
C Shares register closes

 
5.00 pm on 24 July 2015
General Meeting  

3.00 pm on 28 July 2015 (or as soon as reasonably practicable thereafter as the Annual General Meeting has concluded or adjourned)
C Share Class Meeting  

3.15 pm on 28 July 2015 (or as soon as reasonably practicable thereafter as the General Meeting has concluded or adjourned)
 

Announcement of the results of the Meetings

 
 

 28 July 2015
C Share Calculation Date

 
20 August 2015
C Share Conversion

 
21 August 2015
C Share Dividend Payment Date

 
21 August 2015
Admission of the Ordinary Shares arising pursuant to the C Share Conversion

 
24 August 2015
CREST accounts credited (if applicable) in respect of Ordinary Shares arising pursuant to the C Share Conversion

 
24 August 2015
Certificates for Ordinary Shares despatched to Conversion C Shareholders

 
Week commencing  7 September 2015

The dates set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates will be notified through a Regulatory Information Service.

Copies of the Circular will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.hemscott.com/nsm.do

and on the Company's website:

http://www.octopusinvestments.com

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663




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 Apollo VCT plc via Globenewswire

HUG#1934324

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