Octopus Apollo VCT plc : Issue of Letter to D S...

Octopus Apollo VCT plc (the "Company")

Issue of Letter to D Shareholders

Issue of letter (the "D Shareholders' Letter") in connection with

·                an election to receive a D Share Dividend; and
·                the conversion of D Shares to Ordinary Shares

On 27 January 2016 the Company acquired the assets and liabilities of Octopus VCT 2 plc ("OVCT2") in consideration of the allotment of D shares to the former shareholders of OVCT2. At the time of this merger, the former shareholders of OVCT2 were informed that after 30 June 2016, once the five year VCT minimum holding period for all original OVCT2 shareholders has been reached, an opportunity would be provided to either (a) exit their investment in the Company with regards to their D shares or (b) to have their D shares converted into ordinary shares on a relative net asset value basis in accordance with the Company's articles of association. On 27 May 2016 the Company issued the D Shareholders' Letter in order to implement these exit and conversion proposals.

Expected Timetable for the Proposals

Latest time for receipt of Form of Election/Settled USE CREST instruction	6 p.m. on 15 July 2016
D Share Record Date	15 July 2016
D Shares register closes	6 p.m. on 15 July 2016
D Share Calculation Date	4 August 2016
D Share Conversion	5 August 2016
D Share Dividend Payment Date/cheques sent out	5 August 2016
Admission of the Ordinary Shares arising pursuant to the D Share Conversion	8 August 2016
CREST accounts credited (if applicable) in respect of Ordinary Shares arising pursuant to the D Share Conversion	8 August 2016
Certificates despatched in respect of Ordinary Shares arising pursuant to the D Share Conversion	Week commencing  22 August 2016

The dates set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates will be notified to D Shareholders through a regulatory information service

Copies of the D Shareholders' Letter will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.morningstar.co.uk/uk/NSM

and on the Company's website:

http://www.octopusinvestments.com

For further information please contact:

Nicola Board
Company Secretary
0207 776 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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