Octopus Titan VCT plc : Issue of Equity and Tot...

OCTOPUS TITAN VCT PLC

1 April 2016

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 19,806,320 Ordinary Shares of 10p each ("shares") were issued and allotted today at a price of 108.7p per share, equivalent to the current NAV of 102.7p grossed up by 5.5% (as set out in the Prospectus dated 8 September 2015). These shares were issued pursuant to an Offer for Subscription to raise up to £50 million, with an over allotment facility of £30 million, in the 2015/2016 and 2016/2017 tax years, dated 8 September 2015.

As announced on 23 March 2016 the size of the Offer has been increased from £80 million to £100 million due to exceptional investor demand, combined with visibility of a strong investment pipeline. To date the Company has raised in excess of £80 million under the current Offer.
Included within the allotment were the following:
Ms Jane Vinson, a person discharging managerial responsibilities, was allotted 19,778 Ordinary Shares at a price per share of 108.7p and her total holdings are now 56,051 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

Mr William Gibbs, a person discharging managerial responsibilities, was allotted 987 Ordinary Shares at a price per share of 108.7p and his total holdings are now 2,049 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

Mr Stuart Lewis, a person discharging managerial responsibilities, was allotted 7,910 Ordinary Shares at a price per share of 108.7p and his total holdings are now 19,776, representing less than 0.1% of the Company's issued Ordinary share capital.

Following the allotment, the issued share capital and total voting rights of the Company are now 298,439,329 and the unaudited net assets of the Company are approximately £306 million, based on a NAV per share of 102.7p.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 15 April 2016.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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 Titan VCT plc via Globenewswire

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