Octopus Apollo VCT plc (the "Company")
3 July 2015
Issue of Circular
Publication of a Circular (the "Circular") in connection with recommended proposals relating to
On 28 November 2014 the Company acquired the assets and liabilities of Octopus VCT plc ("OVCT") in consideration for the allotment of C Shares to the former shareholders of OVCT. At the time of this merger, the former shareholders of OVCT were informed that in the summer of 2015, once their five-year VCT qualifying period had been achieved, an opportunity would be provided to exit their investment in the Company or, should they wish to continue their investment, to have their C Shares converted into Ordinary Shares on a relative net asset value basis in accordance with the Articles. The Company has today issued the Circular in order to implement these exit and conversion proposals.
Expected Timetable for the Proposals
Latest time for receipt of forms of proxy for the General Meeting | 3.00 pm on 24 July 2015 |
Latest time for receipt of forms of proxy for the C Share Class Meeting | 3.15 pm on 24 July 2015 |
Latest time for receipt of Form of Election | 3.00 pm on 24 July 2015 |
Record Date for C Share Dividend | 24 July 2015 |
C Shares register closes | 5.00 pm on 24 July 2015 |
General Meeting | 3.00 pm on 28 July 2015 (or as soon as reasonably practicable thereafter as the Annual General Meeting has concluded or adjourned) |
C Share Class Meeting | 3.15 pm on 28 July 2015 (or as soon as reasonably practicable thereafter as the General Meeting has concluded or adjourned) |
Announcement of the results of the Meetings | 28 July 2015 |
C Share Calculation Date | 20 August 2015 |
C Share Conversion | 21 August 2015 |
C Share Dividend Payment Date | 21 August 2015 |
Admission of the Ordinary Shares arising pursuant to the C Share Conversion | 24 August 2015 |
CREST accounts credited (if applicable) in respect of Ordinary Shares arising pursuant to the C Share Conversion | 24 August 2015 |
Certificates for Ordinary Shares despatched to Conversion C Shareholders | Week commencing 7 September 2015 |
The dates set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates will be notified through a Regulatory Information Service.
Copies of the Circular will shortly be available for inspection at the National Storage Mechanism, which is located at:
http://www.hemscott.com/nsm.do
and on the Company's website:
http://www.octopusinvestments.com
For further information please contact:
Nicola Board
Company Secretary
020 7776 8663