Publication of Prospectus
23 Settembre 2024 - 1:00PM
UK Regulatory
Publication of Prospectus
Octopus AIM VCT plc
Publication of Prospectus
Octopus AIM VCT plc and Octopus AIM VCT 2 plc
(the “Companies”) have today issued a prospectus relating to a
proposed offer for subscription for ordinary shares of 1p each in
Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc (“New
Shares”) to raise up to £20 million, in aggregate, with an over
allotment of up to a further £10 million, in aggregate (the
“Offer”), following the approval of the prospectus from the
Financial Conduct Authority.
Pursuant to agreements dated 23 September 2024
relating to the Offer between, inter alia, the Companies and
Octopus Investments Limited, the Companies’ investment manager (the
“Investment Manager”), which constitute related party transactions
falling within UK Listing Rule 8.2.1R, the Investment Manager will
receive:
- an initial charge of 3% of the gross funds raised under the
Offer by the Companies; and
- a further charge of up to 2.5% of gross funds raised under the
Offer by the Companies from investors who have not invested their
money through a financial intermediary (“Direct Investors”);
and
- an additional ongoing charge of 0.5% per annum of the most
recently announced net asset value multiplied by the number of New
Shares allotted to Direct Investors for up to nine years, provided
the Direct Investors continue to hold the New Shares.
The board of each Company believes that the above
arrangements are fair and reasonable as far as
the shareholders of their respective Company are concerned and
have been so advised by Howard Kennedy Corporate Services LLP, as
sponsor to each Company.
The Offer is now open and will close on 5 April
2025 for the 2024/2025 tax year and on 22 September 2025 for the
2025/2026 tax year, or earlier if the Offer is fully subscribed.
The boards of the Companies reserve the right to close the Offer
earlier in respect of either of the above tax years.
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 Companies' website
http://www.octopusinvestments.com
For further information please contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800C5JHJUQLAFP619
Grafico Azioni Octopus Aim Vct (LSE:OOA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Octopus Aim Vct (LSE:OOA)
Storico
Da Gen 2024 a Gen 2025