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Octopus VCT 3 PLC (OVC3)


Tuesday 06 March, 2012

Octopus VCT 3 PLC

Octopus VCT 3 plc : Issue of Equity

Octopus VCT 3 plc : Issue of Equity


6 March 2012

Issue of Equity

The Directors of Octopus VCT 3 plc are pleased to announce that the minimum subscription, as set out in the Prospectus dated 14 September 2011, has been received.  An initial allotment has taken place today of 3,318,997 Ordinary shares of 10p each ("Ordinary Shares") at a price of 100 pence per share pursuant to the Offer that opened on 14 September 2011.

The following directors were allotted shares in accordance with the Prospectus for the amounts shown:

Ray Greenshields 3,030 Ordinary Shares (0.09% of the issued share capital)

Application for the Ordinary Shares (along with a further 2 Ordinary Shares of 10p each issued as subscriber shares) to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for  listed securities will be made shortly and dealings are expected to commence on or around 19 March 2012.   CREST accounts are expected to be credited as soon as practicable and definitive documents of title are expected to be despatched within 15 days of allotment. 
Following this allotment the issued share capital of the Company is 3,318,999 Ordinary Shares. 
The Offer is expected to remain open until 12.00 p.m. on 5 April 2012 unless previously extended or fully subscribed earlier. For applications to be applied for the 2011/2012 tax year these should be lodged no later than 12.00 p.m. on 5 April 2012.
For further information please contact:

Tracey Spevack
Company Secretary
0207 776 3195

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Octopus VCT 3 plc via Thomson Reuters ONE


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