OCTOPUS AIM VCT PLC
13 May 2016
Issue of Equity and Total Voting Rights
Octopus AIM VCT plc (the "Company") announces that 604,642 Ordinary Shares of 1p each were issued and allotted on 12 May 2016 at a price of 111.2p per share, equivalent to the current NAV of 105.0p grossed up by up to 5.5% (as set out in the Prospectus dated 21 December 2015). These shares were issued pursuant to an Offer for Subscription to raise up to £20 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.
In addition, the following allotments of Ordinary Shares of 1p each in the capital of the Company were also issued on 12 May 2016:
- 3,443 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 1 February 2013;
- 746 Shares in relation to a joint top up offer for subscription pursuant to an offer document issued by the Company and Octopus AIM VCT 2 plc dated 3 February 2014; and
- 5,811 Shares in relation to a joint offer for subscription pursuant to an offer document issued by the Company and Octopus AIM VCT 2 plc dated 29 August 2014.
The Company announces that the Shares referred to in a. b. and c. above were issued and allotted at a price of 111.2p per share under the terms of the relevant document. The allotments of the Ordinary Shares of 1p 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 Michael Reeve, the Chairman and a director of the Company, was allotted 556 Ordinary Shares and his total holdings are now 25,750, representing less than 0.1% of the Company's issued share capital.
Ms Marion Sears, a director of the Company, was allotted 176 Ordinary Shares and her total holdings are now 9,748, representing less than 0.1% of the Company's issued share capital.
Mr Stephen Hazell-Smith, a director of the Company, was allotted 2,510 Ordinary Shares and his total holdings are now 139,003, representing approximately 0.2% of the Company's issued share capital.
Mr Roger Smith, a director of the Company, was allotted 149 Ordinary Shares and his total holdings are now 20,149, representing less than 0.1% of the Company's issued share capital.
Mrs Katherine Powell, a person discharging managerial responsibilities, was allotted 981 Ordinary Shares and her total holdings are now 55,303 Ordinary Shares, representing less than 0.1% of the Company's issued share capital.
Mr Richard Power, a person discharging managerial responsibilities, was allotted 567 Ordinary Shares and his total holdings are now 29,694 Ordinary Shares, representing less than 0.1% of the Company's issued share capital.
Mr Stuart Lewis, a person discharging managerial responsibilities, and his connected persons were allotted 268 Ordinary Shares and their total holdings are now 24,045 Ordinary Shares, representing less than 0.1% of the Company's issued share capital.
Mr Stephen Henderson, a person discharging managerial responsibilities, was allotted 40 Ordinary Shares and his total holdings are now 2,727 Ordinary Shares, representing less than 0.1% of the Company's issued share capital.
Mr Andrew Buchanan, a person discharging managerial responsibilities, and his connected persons were allotted 1,111 Ordinary Shares and their total holdings are now 84,684 Ordinary Shares, representing approximately 0.1% 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 26 May 2016.
The issued share capital and total voting rights of the Company is now: 83,396,372 Ordinary Shares.
For further information please contact:
Nicola Board
Company Secretary
020 7776 8663