Octopus Apollo VCT plc : Issue of Equity and To...

OCTOPUS APOLLO VCT PLC

28 April 2015

Issue of Equity and Total Voting Rights

Octopus Apollo VCT plc (the "Company") announces that 1,383,987 Ordinary Shares of 10p each have been issued and allotted today at a price of 88.9p per share, equivalent to the current NAV of 84.4p grossed up by up to 5.0% (as set out in the Prospectus dated 24 October 2014). These shares were issued 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 issues of Ordinary Shares of 10p each in the capital of the Company were allotted on 28 April 2015:

1. 11,705 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 1 October 2012;
    
2. 549 Shares in relation to a top up offer for subscription pursuant to an offer document issued by the Company dated 2 December 2013.

The Company announces that the Shares referred to in a. and b. above were issued and allotted at a price of 88.9p per share under the terms of the relevant document.  The allotments of the Ordinary Shares of 10p 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 Matt Cooper, a director of the Company, was allotted 479 Ordinary Shares and his total holdings are now 20,889, representing approximately 0.02% of the Company's issued Ordinary share capital.

Mr Grant Paul-Florence, a person discharging managerial responsibilities, was allotted 11 Ordinary Shares and his total holdings are now 6,028 Ordinary Shares, representing approximately 0.006% of the Company's issued Ordinary share capital.

Mr Hugh Costello, a person discharging managerial responsibilities, was allotted 18 Ordinary Shares and his total holdings are now 6,035 Ordinary Shares, representing approximately 0.006% of the Company's issued Ordinary share capital.

Mr Joe Hartman, a person discharging managerial responsibilities, was allotted 18 Ordinary Shares and his total holdings are now 6,035 Ordinary Shares, representing approximately 0.006% of the Company's issued Ordinary 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 12 May 2015.

The issued share capital and total voting rights of the Company is now 149,686,004, comprising   97,880,185 Ordinary 10p Shares and 51,805,819 C Ordinary 1p Shares.

For further information please contact:
Nicola Board
Company Secretary
020 7776 8663

---

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

HUG#1916153