OCTOPUS TITAN VCT PLC
23 March 2017
Issue of Equity and Total Voting Rights
Octopus Titan VCT plc (the "Company") announces that 47,674,787 Ordinary Shares of 10p each ("shares") were issued and allotted on 22 March 2017 at a price of 103.6p per share, equivalent to the current NAV of 97.9p grossed up by 5.5% (as set out in the Prospectus dated 23 August 2016).
These shares were issued pursuant to an Offer for Subscription to raise up to £70 million, with an over allotment facility of £50 million, in the 2016/2017 and 2017/2018 tax years, dated 23 August 2016.
Following yesterday's allotment, the issued share capital and total voting rights of the Company are now 437,355,221 and the unaudited net assets of the Company are approximately £428 million, based on a NAV per share of 97.9p.
Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 5 April 2017.
For further information please contact:
Nicola Board
Company Secretary
0207 776 8663