Octopus Titan VCT plc : Amendment - Issue of Eq...

OCTOPUS TITAN VCT PLC

29 February 2016

Amendment - Issue of Equity and Total Voting Rights

Amendment of RNS published at 10:06 on 26 February 2016 - The allotment price and current NAV in the original announcement were transposed. 

Octopus Titan VCT plc (the "Company") announces that 4,957,159 Ordinary Shares of 10p each ("shares") were issued and allotted on 25 February 2016 at a price of 108.7p per share, equivalent to the current NAV of 102.7p grossed up by 5.5% (as set out in the Prospectus dated 8 September 2015). These shares were issued pursuant to an Offer for Subscription to raise up to £50 million, with an over allotment facility of £30 million, in the 2015/2016 and 2016/2017 tax years, dated 8 September 2015.  To date the Company has raised in excess of £40 million under the current Offer.

Following yesterday's allotment, the issued share capital and total voting rights of the Company are now 259,966,226 and the unaudited net assets of the Company are approximately £267 million, based on a NAV per share of 102.7p.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 10 March 2016.

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 Titan VCT plc via Globenewswire

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