Octopus TitanVCT PLC Issue Of Equity And Total Voting Rights
April 03 2020 - 1:18PM
UK Regulatory
TIDMOTV2
OCTOPUS TITAN VCT PLC
03 April 2020
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 17,602,279 Ordinary
Shares of 10p each ("shares") were issued and allotted on 03 April 2020
at a price of 96.3p per share, equivalent to the current NAV of 91.0p
grossed up by 5.5% (as set out in the Prospectus dated 16 September
2019).
These shares were issued pursuant to an Offer for Subscription to raise
up to GBP120 million with an over-allotment facility of GBP50 million in
the 2019/2020 and 2020/2021 tax years.
Following the allotment, the issued share capital and total voting
rights of the Company are now 1,009,349,008 and the unaudited net assets
of the Company are calculated to be GBP918,507,597 based on the last
released NAV per share of 91.0p.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around
14 April 2020.
For further information please contact:
Parisha Kanani
Company Secretary
0203 935 3520
(END) Dow Jones Newswires
April 03, 2020 13:18 ET (17:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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