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

OCTOPUS APOLLO VCT PLC

23 March 2016

Issue of Equity and Total Voting Rights

Octopus Apollo VCT plc (the "Company") announces that 7,614,240 Ordinary Shares of 10p each were issued and allotted today at a price of 85.8p per share equivalent to the current NAV of 81.5p grossed up by up to 5.0% (as set out in the Prospectus dated 2 November 2015). These shares were issued pursuant to the Offer for Subscription to raise up to £30 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.

The Company also announces the allotment and issue of 1,428 Ordinary Shares of 10p each at a price of 82.3p to shareholders who elected to receive Ordinary Shares under the Dividend Reinvestment Scheme as an alternative to the final dividend for the year ending 31 January 2015 which was paid to shareholders on 31 July 2015. 

The Company also announces the allotment and issue of 44 Ordinary Shares of 10p each at a price of 80.9p to shareholders who elected to receive Ordinary Shares under the Dividend Reinvestment Scheme as an alternative to the interim dividend which was paid to shareholders on 18 December 2015.

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 6 April 2016.

The issued share capital now comprises 146,587,275 Ordinary 10p Shares and 19,082,726 D Ordinary 1p shares. The total voting rights in the Company is now 165,670,001.

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

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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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