REG-Octopus Titan VCT plc : Publication of Prospectus and Circular <Origin Href="QuoteRef">OTV2.L</Origin>

Octopus Titan VCTAnnouncement

05/09/2017 14:00

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Octopus Titan VCT plc ("the "Company")

5 September 2017

Publication of Prospectus and Circular

The Company has today issued a prospectus and circular relating to a proposed
offer for subscription for ordinary shares of 10p each in the Company ("New
Shares") to raise up to £120 million with an over allotment of up to a
further £80 million (the "Offer"), following the approval of the prospectus
from the UK Listing Authority.

Pursuant to an agreement dated 5 September 2017 relating to the Offer between
the Company and Octopus Investments Limited (the "Portfolio Manager"), the
Company's portfolio manager, which constitutes a smaller related party
transaction within Listing Rule 11.1.10 R, the Portfolio 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% 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 Offer is now open and will close at noon on 4 April 2018 for the 2017/2018
tax year and noon on 4 September 2018 for the 2018/2019 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 and circular will shortly be available for inspection at the
National Storage Mechanism, which is located at:

http://www.morningstar.co.uk/uk/NSM

and on the Company's website

http://www.octopusinvestments.com

For further information please contact:

Nicola Board
Company Secretary
0207 776 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