Octopus Apollo VCT Publication Of Prospectus

 
TIDMOAP3

Octopus Apollo VCT plc

Publication of Prospectus

Octopus Apollo VCT plc (the 'Company') has issued a prospectus, dated 16 November 2023, relating to a proposed offer for subscription for ordinary shares of 0.1p each in the Company ('New Shares') to raise up to GBP35 million with an over-allotment of up to a further GBP15 million (the 'Offer'), following the approval of the prospectus from the Financial Conduct Authority.

Pursuant to an agreement dated 16 November 2023 relating to the Offer between, inter alia, the Company and Octopus Investments Limited, the Company's investment manager (the 'Manager'), which constitutes a smaller related party transaction within Listing Rule 11.1.10 R, the 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 Offer is now open and will close on 5 April 2024 for the 2023/2024 tax year and on 15 November 2024 for the 2024/2025 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://www.globenewswire.com/Tracker?data=iM7Vlvet8sfu-qeofDyPOZnMQsOP6EcK2KjtO-QLK_Ib1DAyprD-V4pqXwt0J2hr_SpixmAnP4-BjDWOwQ78FfdgbKgornT1dHdwqv1OeJyQA5J8hG7k7W_lPMbOmXhle1OQlBh8HXv-JsgwKorb9w== https://data.fca.org.uk/#/nsm/nationalstoragemechanism

and on the Company's website

https://www.globenewswire.com/Tracker?data=iM7Vlvet8sfu-qeofDyPOQqcCdwLeJHcnK5eEcxAIimMIuKmcQ1Q065OXDWMziMRAuNSLhvxeqxTTMcI9L6kXD5Nlex3sv1DldvZm_7GGccefx8PH4O8yIR3TWAkq8V_ http://www.octopusinvestments.com

For further information please contact:

Rachel Peat

Octopus Company Secretarial Services Limited

Tel: +44 (0)80 0316 2067

LEI: 213800Y3XEIQ18DP3O53

(END) Dow Jones Newswires

November 16, 2023 07:30 ET (12:30 GMT)

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