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

OCTOPUS TITAN VCT PLC

6 April 2016

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 12,157,683 Ordinary Shares of 10p each ("shares") were issued and allotted on 5 April 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 (the "Prospectus")). These shares were issued pursuant to an Offer for Subscription (the "Offer") to raise up to £100 million, as set out in the Prospectus, as supplemented by supplementary prospectuses dated 19 February 2016 and 23 March 2016.  To date the Company has raised in excess of £90 million under the Offer.

Included within the above allotment were the following:

Alex Macpherson, a person discharging managerial responsibilities, was allotted 49,447 Ordinary Shares at a price per share of 108.7p and his total holdings are now 225,218 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

Simon Andrews, a person discharging managerial responsibilities, was allotted 19,778 Ordinary Shares at a price per share of 108.7p and his total holdings are now 56,757 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

Priyanka Karunanithi, a person discharging managerial responsibilities, was allotted 4,943 Ordinary Shares at a price per share of 108.7p and her total holdings are now 4,943 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

In addition 2,359,377 Ordinary Shares of 10p each were issued and allotted on the same terms and conditions as set out in the Prospectus but which, on account of the Offer being full, were issued and allotted outside of the Offer. 

Following yesterday's allotments, the issued share capital and total voting rights of the Company are now 312,956,389 and the unaudited net assets of the Company are approximately £321 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 19 April 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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