REG-Octopus Titan VCT plc : Issue of Equity and Total Voting Rights <Origin Href="QuoteRef">OTV2.L</Origin>

Octopus Titan VCTAnnouncement

18/08/2017 09:50

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OCTOPUS TITAN VCT PLC

18 August 2017

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that the following issues of
Ordinary Shares of 10p each ("Shares") in the capital of the Company were
allotted on 17 August 2017, subject to admission: 
1. 9,115 Shares in relation to a joint offer for subscription pursuant to a
prospectus issued by the Company, in conjunction with Octopus Titan VCT 1 plc,
Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5 plc,
dated 7 February 2013;
 
2. 19,887 Shares in relation to a joint offer for subscription pursuant to an
offer document issued by the Company, in conjunction with Octopus Titan VCT 1
plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan VCT 5
plc, dated 3 September 2013;
 
3. 15,597 Shares in relation to a joint top up offer for subscription pursuant
to an offer document issued by the Company, in conjunction with Octopus Titan
VCT 1 plc, Octopus Titan VCT 3 plc, Octopus Titan VCT 4 plc and Octopus Titan
VCT 5 plc, dated 16 September 2014;
 
4. 26,602 Shares in relation to an offer for subscription pursuant to a
prospectus issued by the Company dated 8 September 2015; and
 
5. 12,312 Shares in relation to an offer for subscription pursuant to a
prospectus issued by the Company dated 23 August 2016.
The Company announces that the Shares referred to in a, b, c, d and e above
were issued and allotted at a price of 98.7p pershare, equivalent to the
current NAV of 93.2p grossed up by up to 5.5%, under the terms of the relevant
document.  The allotments of the Ordinary Shares of 10p each in the capital
of the Company were made after the close of the respective offers for
subscription and relate to shares allotted as a result of reduced adviser
charges in accordance with the terms and conditions of the respective offers
for subscription.

In addition, a further 57,000 Ordinary Shares of 10p each were issued and
allotted to employees of Octopus Capital Limited and directors of the Company
at a price of 98.7p per share, equivalent to the current NAV of 93.2p grossed
up by up to 5.5%, as a result of a rebate of part of the annual management
charge by Octopus Investments Limited, the Company's investment manager.

Mr Matt Cooper, a director of the Company, was allotted 18,708 Ordinary Shares
at a price per share of 98.7p and his total holdings are now 977,048,
representing approximately 0.2% of the Company's issued Ordinary share
capital.

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 September
2017.

The issued share capital and total voting rights of the Company is now: 
 447,673,767.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq 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 plc via Globenewswire