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

OCTOPUS TITAN VCT PLC

7 April 2015

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc ("the Company") announces that 9,340,146 Ordinary Shares of 10p each ("shares") were issued and allotted on 4 April 2015 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 to raise up to £50 million in the 2014/2015 and 2015/2016 tax years, dated 16 September 2014.   

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 17 April 2015.

Mr Jo Oliver, a person discharging managerial responsibilities, was allotted 51,981 Ordinary Shares at a price per share of up to 103.4p and his total holdings are now 75,058 Ordinary Shares representing approximately 0.03% of the Company's issued share capital.

Mr Alexander MacPherson, also a person discharging managerial responsibilities, was allotted 41,585 Ordinary Shares at a price per share of up to 103.4p and his total holdings are now 169,478 Ordinary Shares representing approximately 0.08% of the Company's issued share capital.

The issued share capital and total voting rights of the Company is now:  219,403,961.

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 plc via Globenewswire

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