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Octopus Apollo VCT plc : Issue of Equity and Total Voting Rights

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OCTOPUS APOLLO VCT PLC

16 May 2016

Issue of Equity and Total Voting Rights

Octopus Apollo VCT plc (the "Company") announces that 1,369,255 Ordinary Shares of 10p each have been issued and allotted on 13 May 2016 at a price of 85.8p per share, equivalent to the current NAV of 81.5p grossed up by up to 5.0% (as set out in the Prospectus dated 2 November 2015). These shares were issued pursuant to the Offer for Subscription to raise up to £30 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.

In addition, the following issues of Ordinary Shares of 10p each in the capital of the Company were allotted on 13 May 2016:

  1. 15,667 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 1 October 2012;
     
  2. 922 Shares in relation to a top up offer for subscription pursuant to an offer document issued by the Company dated 2 December 2013.
     
  3. 11,324 Shares in relation to an offer for subscription pursuant to an offer document issued by the Company dated 24 October 2014.

The Company announces that the Shares referred to in a. b. and c. above were issued and allotted at a price of 85.8p per share under the terms of the relevant document.  The allotments of the Ordinary Shares of 10p each in the capital of the Company were made after the close of the respective offers for subscription and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the respective offers for subscription.

Mr Murray Steele, a director of the Company, was allotted 759 Ordinary Shares and his total holdings and those of his connected persons are now 140,943, representing approximately 0.09% of the Company's issued Ordinary share capital.

Mr James Otter, a director of the Company, was allotted 184 Ordinary Shares and his total holdings and those of his connected persons are now 17,630, representing approximately 0.01% of the Company's issued Ordinary share capital.

Mr Ian Pearson, a director of the Company, was allotted 314 Ordinary Shares and his total holdings are now 314 Ordinary Shares and 10,550 D Ordinary Shares, representing less than 0.01% of the Company's issued Ordinary share capital.

Mr Grant Paul-Florence, a person discharging managerial responsibilities, was allotted 146 Ordinary Shares and his total holdings are now 6,174 Ordinary Shares, representing less than 0.01% of the Company's issued Ordinary share capital.

Mr Joe Hartman, a person discharging managerial responsibilities, was allotted 146 Ordinary Shares and his total holdings are now 6,181 Ordinary Shares, representing less than 0.01% of the Company's issued Ordinary share capital.

Mr Ian Potter, a person discharging managerial responsibilities, was allotted 54 Ordinary Shares and his total holdings are now 24,995 Ordinary Shares, representing approximately 0.02% of the Company's issued Ordinary share capital.

Mr Stuart Lewis, a person discharging managerial responsibilities, and his connected persons were allotted 205 Ordinary Shares and their total holdings are now 8,656 Ordinary Shares, representing less than 0.01% of the Company's issued share capital.

An application has been made to the London Stock Exchange for admission of the new shares.   Admission is expected to become effective on or around 27 May 2016.

The issued share capital and total voting rights of the Company is now 180,259,376, comprising   161,176,650 Ordinary 10p Shares and 19,082,726 D Ordinary Shares.

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#2012998

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