Octopus AIM VCT PLC : Issue of Equity and Total...

OCTOPUS AIM VCT PLC

28 April 2015

Issue of Equity and Total Voting Rights

Octopus AIM VCT plc ("The Company") announces that 546,410 Ordinary Shares of 1p each were issued and allotted on 24 April 2015 at a price of 115.2p per share, equivalent to the current NAV of 108.8p grossed up by up to 5.5% (as set out in the Prospectus dated 29 August 2014). These shares were issued pursuant to an Offer for Subscription pursuant to the Offer for Subscription to raise up to £20 million, with an over allotment facility of £10 million, in the 2014/2015 and 2015/2016 tax years.

In addition, the following allotments of Ordinary Shares of 1p each in the capital of the Company were also issued on 24 April 2015:

1.              2,628 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 1 February 2013; and
    
2.              573 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.

The Company announces that the Shares referred to in a. and b. above were issued and allotted at a price of 115.2p 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 78 Ordinary Shares and his total holdings are now 25,194 representing approximately 0.04% of the Company's issued share capital.

Mrs Katherine Powell, a person discharging managerial responsibilities, was allotted 371 Ordinary Shares and her total holdings are now 48,947 Ordinary Shares representing approximately 0.07% of the Company's issued share capital.

Mr Richard Power, a person discharging managerial responsibilities, was allotted 179 Ordinary Shares and his total holdings are now 29,127 Ordinary Shares representing approximately 0.04% 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 8 May 2015.

The issued share capital and total voting rights of the Company is now:  71,736,153 Ordinary Shares.

For further information please contact:

Patricia Standaloft
Company Secretary
0207 710 6471

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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 AIM VCT PLC via Globenewswire

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