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

OCTOPUS TITAN VCT PLC

6 July 2016

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that the following issues of Ordinary Shares of 10p each ("Shares") in the capital of the Company were allotted on 5 July 2016: 

1. 9,185 Shares in relation to a joint offer for subscription pursuant to a prospectus issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 7 February 2013;
    
2. 18,327 Shares in relation to a joint offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 3 September 2013;
    
3. 14,359 Shares in relation to a joint top up offer for subscription pursuant to an offer document issued by the Company, in conjunction with Octopus Titan VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc, dated 16 September 2014;
    
4. 3,983 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 8 September 2015.

The Company announces that the Shares referred to in a. b. c. and d. above were issued and allotted at a price of 101.3p per share under the terms of the relevant document.  The allotments of the Ordinary Shares of 10p each in the capital of the Company were made after the close of the respective offers for subscription and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the respective offers for subscription.

In addition, a further 57,303 Ordinary Shares of 10p each were issued and allotted to employees of Octopus Capital Limited and directors of the Company at a price of 101.3p per share, equivalent to the current NAV of 95.7p grossed up by up to 5.5%, as a result of a rebate of part of the annual management charge by Octopus Investments Limited, the Company's investment manager.

Mr John Hustler, the Chairman and a director of the Company, was allotted 2,992 Ordinary Shares at a price per share of 101.3p and his total holdings are now 71,803, representing less than 0.1% of the Company's issued Ordinary share capital.

Mr Mark Hawkesworth, a director of the Company, was allotted 1,163 Ordinary Shares at a price per share of 101.3p and his total holdings are now 65,310, representing less than 0.1% of the Company's issued Ordinary share capital.

Mr Matt Cooper, a director of the Company, was allotted 9,066 Ordinary Shares at a price per share of 101.3p and his total holdings are now 750,812, representing approximately 0.2% of the Company's issued Ordinary share capital.

Ms Jane O'Riordan, a director of the Company, and her closely associated persons, were allotted 881 Ordinary Shares at a price per share of 101.3p and their total holdings are now 45,037, representing less than 0.1% of the Company's issued Ordinary share capital.

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 July 2016.

The issued share capital and total voting rights of the Company is now:   322,388,839.

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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