Octopus Titan VCT plc : Issue of Equity, Closur...

OCTOPUS TITAN VCT PLC

13 April 2016

Issue of Equity, Closure of Offer and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that a final allotment of 5,444,706 Ordinary Shares of 10p each ("shares") were issued and allotted on Tuesday 12 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). 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. 

The Company has raised in excess of £99.8 million under the Offer. As announced on 6 April 2016, 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, raising approximately a further £2.5 million. This brings the total amount raised by the Company since 8 September 2015 to approximately £102.3 million. 

Included within the allotment were the following:
Mr Matt Cooper, a person discharging managerial responsibilities, was allotted 197,791 Ordinary Shares at a price per share of 108.7p and his total holdings are now 741,746 Ordinary shares, representing 0.23% 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 26 April 2016.

The Offer is now closed.

Following the allotment, the issued share capital and total voting rights of the Company are now 318,401,095 and the unaudited net assets of the Company are approximately £327 million, based on a NAV per share of 102.7p.

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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