World News: 08:14 GMT Friday 14th September 2018. [Octopus Titan VCT plc via Globe Newswire via SPi World News]
The Company has issued a prospectus and circular both dated 13 September 2018 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 13 September 2018 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:
The Offer is now open and will close at noon on 5 April 2019 for the 2018/2019 tax year and noon on 12 September 2019 for the 2019/2020 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:
and on the Company’s website
For further information please contact:
Parisha KananiCompany Secretary0203 935 3520
Globe Newswire: 08:14 GMT Friday 14th September 2018
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