Octopus Titan VCT plc : Publication of Prospect...

Octopus Titan VCT plc ("the "Company")

5 September 2017

Publication of Prospectus and Circular

The Company has today issued a prospectus and circular relating to a proposed offer for subscription for ordinary shares of 10p each in the Company ("New Shares") to raise up to £120 million with an over allotment of up to a further £80 million (the "Offer"), following the approval of the prospectus from the UK Listing Authority.

Pursuant to an agreement dated 5 September 2017 relating to the Offer between the Company and Octopus Investments Limited (the "Portfolio Manager"), the Company's portfolio manager, which constitutes a smaller related party transaction within Listing Rule 11.1.10 R, the Portfolio Manager will receive:

• an initial charge of 3 per cent. of the gross funds raised under the Offer by the Company; and
   
• a further charge of up to 2.5 per cent of gross funds raised under the Offer by the Company from investors who have not invested their money through a financial intermediary ("Direct Investors"); and
   
• an additional ongoing charge of 0.5% per annum of the most recently announced net asset value multiplied by the number of New Shares allotted to Direct Investors for up to nine years, provided the Direct Investors continue to hold the New Shares.

The Offer is now open and will close at noon on 4 April 2018 for the 2017/2018 tax year and noon on 4 September 2018 for the 2018/2019 tax year, or earlier if the Offer is fully subscribed. The board of the Company reserves the right to close the Offer earlier.

The prospectus and circular will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.morningstar.co.uk/uk/NSM

and on the Company's website

http://www.octopusinvestments.com

For further information please contact:

Nicola Board
Company Secretary
0207 776 8663

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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