Octopus Titan VCT plc (“the “Company”)
16 September 2019
Publication of Prospectus and Circular
The Company has issued a prospectus and circular both dated 16 September 2019 relating to a proposed offer for subscription for ordinary shares of 10p each in the Company (“New Shares”) to raise up to £120 million with an over-allotment of up to a further £50 million (the “Offer”), following the approval of the prospectus from the Financial Conduct Authority.
Pursuant to an agreement dated 16 September 2019 relating to the Offer between the Company and Octopus Investments Limited (the “Portfolio Manager”), the Company’s portfolio manager, which constitutes a smaller related party transaction within Listing Rule 11.1.10 R, the Portfolio Manager will receive:
The Offer is now open and will close at noon on 5 April 2020 for the 2019/2020 tax year and noon on 15 September 2020 for the 2020/2021 tax year, or earlier if the Offer is fully subscribed. The board of the Company reserves the right to close the Offer earlier.
The prospectus and circular will shortly be available for inspection at the National Storage Mechanism, which is located at:
http://www.morningstar.co.uk/uk/NSM
and on the Company’s website
For further information please contact:
Parisha Kanani
Company Secretary
020 3935 3520