Source - GNW


19 September 2016

Issue of Equity, Closure of Offer and Total Voting Rights

Octopus Apollo VCT plc (the "Company") announces that a final allotment of 3,777,225 Ordinary Shares of 10p each ("shares") were issued and allotted on 16 September 2016 at a price of 84.8p per share, equivalent to the current NAV of 80.5p grossed up by 5.0% (as set out in the Prospectus dated 2 November 2015). These shares were issued pursuant to the Offer for Subscription to raise up to £30 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.

The Company has raised approximately £40.0 million under the Offer. 1,053,134 Ordinary Shares of 10p each were issued and allotted on the same terms and conditions as set out in the Prospectus but which, on account of the Offer being full, were issued and allotted outside of the Offer, raising approximately a further £0.9 million. This brings the total amount raised by the Company since 2 November 2015 to approximately £40.9 million. 

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 30 September 2016.

The Offer is now closed.

The issued share capital and total voting rights of the Company is now: 175,555,266 Ordinary 10p Shares.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Octopus Apollo VCT plc via Globenewswire

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