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Octagonal Plc (OCT)

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Friday 07 November, 2014

Octagonal Plc


                                                                7 November 2014

                                 Octagonal plc                                 

                        ("Octagonal" or the "Company")                         


Octagonal plc is pleased to announce that the Company has raised £500,000
through the subscription for 166,666,667 new ordinary shares of 0.05 pence each
in the Company (the "Subscription Shares") at a price of 0.30 pence per
Subscription Share (the "Subscription Price") by existing shareholders and new
investors (the "Subscription"). The Subscription is conditional only upon
admission of the Subscription Shares to trading on AIM ("Admission").

The net proceeds of the Subscription will strengthen the Company's balance
sheet and provide working capital for the Company to investigate and implement
acquisition and investment opportunities in accordance with the Company's
investing policy.

The Subscription Shares will represent 16.85% of the enlarged issued share
capital of the Company following Admission.

Application has been made for the Subscription Shares to be admitted to trading
on AIM and it is anticipated that Admission will occur on 14 November 2014.

Following Admission, the Company's enlarged issued share capital will comprise
989,076,755 ordinary shares. The Company does not hold any shares in treasury.
This figure of 989,076,755 ordinary shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.


Octagonal plc                           +44 (0) 20 7440 0640                   
Donald Strang/Jason Berry/David Lenigas                                        
Cairn Financial Advisers LLP            +44 (0) 20 7148 7900                   
Nominated Adviser and Broker                                                   
James Caithie/Jo Turner/Carolyn Sansom                                         
Square Consulting                       +44 (0) 20 7929 5599                   
Public Relations                                                               
David Bick/ Mark Longson

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