REG-Update Statement on 2025 Annual General Meeting Voting Results

Octopus Titan VCTAnnouncement

17/12/2025 16:01

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Octopus Titan VCT plc

Update Statement on 2025 Annual General Meeting Voting Results

At the Annual General Meeting of Octopus Titan VCT plc (the ‘Company’ or
‘Titan’), held on 19 June 2025, more than 20 percent of the votes were
cast against the Board recommendation for Resolutions 2, 3 and 4; the
resolutions for the approval of the Directors’ Remuneration report and the
re-election of Jane O’Riordan and Lord Rockley respectively.

Provision 4 of the AIC Code of Corporate Governance 2024 (the ‘Code’),
states that when 20 percent or more of votes have been cast against the Board
recommendation for a resolution, the Company should publish an update on the
views received from shareholders no later than six months after the
shareholder meeting.

In accordance with the Code, the Board confirms that it endeavoured to contact
those shareholders who had voted against to ascertain their reasons for voting
as they did. The Board considered the responses, which are broadly consistent
and primarily referred to Titan’s poor investment performance. It is hoped
that the outcome of the Strategic Review as announced on 12 September 2025,
full details of which are set out in the Shareholder Circular dated 11
September 2025, provide some comfort to shareholders on the steps being taken
by the Board to improve Titan’s performance.

The Board will continue to take shareholders’ views into consideration as
part of its approach to achieving high governance standards and delivering
long-term shareholder value.

The Board is satisfied that the Directors’ Remuneration Report reflects
appropriate remuneration practices and that all Directors continue to make
effective and valuable contributions to the Board.

In accordance with Provision 4 of the Code, a final update on this matter will
be included in the Company’s Annual Report for the year ending 31 December
2025.

For further information please contact:

Rachel Peat 
Octopus Company Secretarial Services Limited 
Tel: +44 (0)80 0316 2067

                                
LEI: 213800A67IKGG6PVYW75