Octopus Titan VCT 2 PLC : Net Asset Value, Spec...

Octopus Titan VCT 2 Plc (The Company)

10 December 2012

The Board of Octopus Titan VCT 2 Plc announces that as at 31 October 2012 the unaudited net asset value (NAV) of the Ordinary shares was approximately 121.9 pence per share, an increase of 29.1 pence per share over the NAV at 30 April 2012. This is stated after the deduction of a performance incentive fee payable to Octopus Investments Limited, as the conditions for this fee to be accrued have now been met.

The unaudited Total Return, being the net asset value plus cumulative dividends paid is 127.9 pence per share (30 April 2012: 97.3 pence per share). Prior to the deduction of a performance incentive fee, the Total Return was 134.9 pence per share.

As a result of recent transactions, the Board is pleased to declare the payment of a special dividend of 34 pence per share. This will be paid on 15 March 2013 to shareholders on the register on 11 January 2013. 

The Board is also pleased to announce their intention to launch a new fund raising next year by way of an Offer for subscription for new Ordinary Shares in the Company. It is anticipated that a prospectus containing further details will be sent to shareholders and potential new investors in early 2013.

For further information, please contact:

Octopus Investments Limited                                                                           

Tel: [phone]

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Source: Octopus Titan VCT 2 PLC via Thomson Reuters ONE

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