OCTOPUS AIM VCT 2 PLC
13 May 2016
Issue of Equity and Total Voting Rights
Octopus AIM VCT 2 plc (the "Company") announces that 473,802 Ordinary Shares of 0.01p each were issued and allotted on 12 May 2016 at a price of 82.4p per share, equivalent to the current NAV of 77.8p grossed up by up to 5.5% (as set out in the Prospectus dated 21 December 2015). These shares were issued pursuant to the Offer for Subscription to raise up to £20 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.
In addition, the following issue of Ordinary Shares of 0.01p each in the capital of the Company were allotted on 12 May 2016:
- 1,332 Shares in relation to an offer for subscription pursuant to a prospectus issued by the Company dated 1 February 2013;
- 2,625 Shares in relation to a joint top up offer for subscription pursuant to an offer document issued by the Company and Octopus AIM VCT plc dated 3 February 2014; and
- 2,990 Shares in relation to a joint offer for subscription pursuant to an offer document issued by the Company and Octopus AIM VCT plc dated 29 August 2014.
The Company announces that the Shares referred to in a. b. and c. above were issued and allotted at a price of 82.4p per share under the terms of the relevant document. The allotments of the Ordinary Shares of 0.01p each in the capital of the Company were made after the close of the respective offers for subscription and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the respective offers for subscription.
Mr Keith Mullins, the Chairman and a director of the Company, was allotted 3,130 Ordinary Shares and his total holdings are now 173,295, representing approximately 0.2% of the Company's issued share capital.
Mr Andy Raynor, a director of the Company, was allotted 380 Ordinary Shares and his total holdings are now 21,080, representing less than 0.1% of the Company's issued share capital.
Mrs Katherine Powell, a person discharging managerial responsibilities, and her connected persons were allotted 1,949 Ordinary Shares and their total holdings are now 108,889 Ordinary Shares representing approximately 0.1% of the Company's issued share capital.
Mr Richard Power, a person discharging managerial responsibilities, was allotted 477 Ordinary Shares and his total holdings are now 26,415 Ordinary Shares representing less than 0.1% of the Company's issued share capital.
Mrs Camila Lewis, a connected person to Mr Stuart Lewis, a person discharging managerial responsibilities, was allotted 227 Ordinary Shares and her total holdings are now 12,602 Ordinary Shares representing less than 0.1% of the Company's issued share capital.
Mr Stephen Henderson, a person discharging managerial responsibilities, was allotted 38 Ordinary Shares and his total holdings are now 2,561 Ordinary Shares representing less than 0.1% of the Company's issued share capital.
Mr Andrew Buchanan, a person discharging managerial responsibilities, was allotted 548 Ordinary Shares and his total holdings are now 30,372 Ordinary Shares representing less than 0.1% of the Company's issued share capital.
An 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 May 2016.
The issued share capital and total voting rights of the Company is now: 72,126,193 Ordinary Shares.
For further information please contact:
Nicola Board
Company Secretary
020 7776 8663