Publication of Prospectus
January 19 2023 - 11:30AM
Publication of Prospectus
Octopus Future Generations VCT plc (the
“Company”)
Publication of
Prospectus
The Company has issued a prospectus (the
"Prospectus") dated 19 January 2023 relating to a proposed offer
for subscription for ordinary shares of 0.1p each in the Company
(“New Shares”) to raise up to £30 million with an over-allotment of
up to a further £10 million (the “Offer”), following the approval
of the Prospectus from the Financial Conduct Authority.
Pursuant to an agreement dated 19 January 2023
relating to the Offer between, inter alia, the Company and Octopus
Investments Limited (the “Portfolio Manager”), the Company’s
portfolio manager, which constitutes a smaller related party
transaction within Listing Rule 11.1.10R, the Portfolio Manager
will receive a fee of 3% of the gross funds raised under the Offer
by the Company.
The Offer is now open and will close at 5.00 pm
on 31 March 2023 for the 2022/2023 tax year and at 5.00 pm on 12
January 2024 for the 2023/2024 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 will shortly be available for
inspection at the National Storage Mechanism, which is located
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Company’s website
https://octopusinvestments.com/our-products/venture-capital-trusts/octopus-future-generations-vct/
For further information please
contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800AL71Z7N2O58N66
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