Octopus Titan VCT PLC : Issue of Equity and Tot...

OCTOPUS TITAN VCT PLC

2 December 2014

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc ("the Company") announces that 14,741,050 Ordinary Shares of 10p each ("shares") were issued and allotted on 1 December 2014 at a price of 103.4p per share, equivalent to the current NAV of 97.7p grossed up by up to 5.5% (as set out in the Prospectus dated 16 September 2014). These shares were issued pursuant to an Offer for Subscription (the "Offer") to raise up to £50 million in the 2014/2015 and 2015/2016 tax years, dated 16 September 2014.

Included in the above allotment, Matthew Cooper, a director of the Company, subscribed for a total of 153,045 shares at the price above.  The subscription fell within Listing Rule 11.1.10R. Following the allotment, his total holdings are 337,814 Ordinary shares (0.18% of the issued share capital).

Mark Hawkesworth was also allotted shares today and his total holdings are now 53,255 (0.03% of the issued share capital).

The net asset value of the Company is now circa £185m.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 11 December 2014.

The issued share capital and total voting rights of the Company is now:  187,949,382.

For further information please contact:

Patricia Standaloft
Company Secretary
0207 710 6471

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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 2 PLC via Globenewswire

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