Octopus Titan VCT 3 Octopus Titan Vct 3 Plc : Issue Of Equity, Closure Of Offers And Total Voting Rights
18 Juni 2014 - 2:37PM
UK Regulatory
TIDMOTV3
OCTOPUS TITAN VCT 3 PLC
18 April 2014
Issue of Equity, Closure of Offers and Total Voting Rights
Octopus Titan VCT 3 plc ("the Company") announces a final allotment of
ordinary shares of 10p each in the capital of the Company ("Shares")
pursuant to an offer for subscription arising from a Prospectus that was
issued on 3 September 2013 (the "Prospectus Offer") and a further offer
for subscription that was launched on 4 April 2014 (the "Further Offer"),
each relating to an offer for subscription for Shares in the 2013/2014
and 2014/2015 tax years (the Prospectus Offer and the Further Offer
together the "Offers").
As previously announced, the Company had indicated that an allotment of
Shares under the Offers for the 2014/15 tax year would take place on 30
April 2014. However, the Board of the Company decided to postpone the
allotment and issue of further Shares under the Offers until there was
certainty as to whether the allotment and issue could be made under all
of the terms of the Offers without contravening the VCT rules as
contained in the Finance Bill 2014. This uncertainty has now been fully
resolved following discussions with HMRC.
Accordingly, the Company announces that on 17 June 2014, 225,675 Shares
were issued and allotted under the Prospectus Offer and 543,603 Shares
were issued and allotted under the Further Offer at the 30 April 2014
valuation and at a price of 98.3p per Share.
The Company confirms the allotment and issue of 6,524 Ordinary Shares of
10p each at a price of 89.8p to shareholders who elected to receive
Ordinary Shares under the Dividend Reinvestment Scheme as an alternative
for the final dividend for the year ended 31 October 2013.
Application has been made to the London Stock Exchange for admission of
the new shares. Admission is expected to become effective on or around 1
July 2014.
The Offers are now closed.
The issued share capital and total voting rights of the Company is now:
36,080,432 Ordinary Shares.
For further information please contact:
Patricia Standaloft
Company Secretary
0207 710 6471
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 3 PLC via Globenewswire
HUG#1795314
http://www.octopusinvestments.com
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