Octopus Apollo VCT plc : D Share Conversion and...

OCTOPUS APOLLO VCT PLC
(the "Company")

4 August 2016

D Share Conversion and D Share Dividend

Further to the announcements released by the Company on 27 May 2016 and 1 June 2016, the Directors of the Company are pleased to announce that:

1. The D Shares that are to convert to Ordinary Shares (the "D Share Conversion") shall convert to Ordinary Shares on 5 August 2016 at a ratio of 1.11205 Ordinary Shares for each D Share based on net asset values of 83.0 pence per share and 92.3 pence per share for the Ordinary shares and the D Ordinary shares respectively;

2. A total of 3,850,093 Ordinary Shares will be issued as a result of the D Share Conversion;

3. A dividend of 92.3p per D Share (the "D Share Dividend") will be paid to those D Shareholders on the register of members on 15 July 2016 who elected to receive the D Share Dividend.

Mr Ian Pearson, a director of the Company and a Person Discharging Managerial Responsibility, will receive 11,732 Ordinary Shares on conversion of his holding of D Ordinary shares and his total holdings will be 12,046 Ordinary Shares, representing less than 0.01% of the Company's issued Ordinary share capital.

For further information please contact

Nicola Board
Company Secretary
Tel: [phone]  

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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 Apollo VCT plc via Globenewswire

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