Publication of Prospectus

Summary by AI ^BETAClose X

Octopus Apollo VCT plc has published a prospectus for an offer to raise up to £50 million, with an over-allotment option for an additional £25 million in ordinary shares. The offer, which is now open and will close on or before April 5, 2027, or October 14, 2027, involves related party charges to the portfolio manager, Octopus Investments Limited, including an initial 3% of gross funds raised, a further charge of up to 2.5% for direct investors, and an ongoing 0.5% of net asset value for direct investors for up to nine years. The company's board considers these arrangements fair and reasonable.

Disclaimer*

Octopus Apollo VCT plc

Publication of Prospectus

Octopus Apollo VCT plc (the ‘Company’) has issued a prospectus, dated 15 October 2026, relating to a proposed offer for subscription for ordinary shares of 0.1p each in the Company (‘New Shares’) to raise up to £50 million with an over-allotment of up to a further £25 million (the ‘Offer’), following the approval of the prospectus from the Financial Conduct Authority.

Pursuant to an agreement dated 15 October 2026 relating to the Offer between, inter alia, the Company and Octopus Investments Limited, the Company’s portfolio manager (the ‘Portfolio Manager’), which constitutes a related party transaction falling within UK Listing Rule 8.2.1R, the Portfolio Manager will receive:

an initial charge of 3 per cent. of the gross funds raised under the Offer by the Company; and
a further charge of up to 2.5 per cent. of gross funds raised under the Offer by the Company from investors who have not invested their money through a financial intermediary (‘Direct Investors’); and
an additional ongoing charge of 0.5% of the net asset value of the investment amount received by the Company under the Offer from Direct Investors, payable for up to nine years, provided the Direct Investors continue to hold the New Shares.

The board of the Company believes that the above arrangements are fair and reasonable as far as the shareholders of the Company are concerned and have been so advised by Howard Kennedy Corporate Services LLP, as sponsor to the Company.

The Offer is now open and will close on or before 5 April 2027 for the 2026/2027 tax year and on 14 October 2027 for the 2027/2028 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 will shortly be available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

and on the Company’s website

https://octopusinvestments.com/apollo-vct/

For further information please contact:

Andrew Humphries
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067

LEI: 213800Y3XEIQ18DP3O53