Octopus Apollo VCT Circ Re. C Share Class Liquidity
03 Julio 2015 - 9:54AM
UK Regulatory
TIDMOAP3 TIDMOAPC
Octopus Apollo VCT plc (the "Company")
3 July 2015
Issue of Circular
Publication of a Circular (the "Circular") in connection with
recommended proposals relating to
-- an amendment the Company's Articles to provide for the C Share Dividend
-- an election to receive the C Share Dividend
-- the conversion of C Shares to Ordinary Shares
-- the cancellation of the Company's share premium account
-- the reduction of the Company's share capital
-- the buyback of deferred shares
On 28 November 2014 the Company acquired the assets and liabilities of
Octopus VCT plc ("OVCT") in consideration for the allotment of C Shares
to the former shareholders of OVCT. At the time of this merger, the
former shareholders of OVCT were informed that in the summer of 2015,
once their five-year VCT qualifying period had been achieved, an
opportunity would be provided to exit their investment in the Company or,
should they wish to continue their investment, to have their C Shares
converted into Ordinary Shares on a relative net asset value basis in
accordance with the Articles. The Company has today issued the Circular
in order to implement these exit and conversion proposals.
Expected Timetable for the Proposals
Latest time for receipt of forms of proxy for the 3.00 pm on 24 July 2015
General Meeting
Latest time for receipt of forms of proxy for the 3.15 pm on 24 July 2015
C Share Class Meeting
Latest time for receipt of Form of Election 3.00 pm on 24 July 2015
Record Date for C Share Dividend 24 July 2015
C Shares register closes 5.00 pm on 24 July 2015
General Meeting
3.00 pm on 28 July 2015 (or as soon as reasonably
practicable thereafter as the Annual General Meeting
has concluded or adjourned)
C Share Class Meeting
3.15 pm on 28 July 2015 (or as soon as reasonably
practicable thereafter as the General Meeting has
concluded or adjourned)
Announcement of the results of the Meetings 28 July 2015
C Share Calculation Date 20 August 2015
C Share Conversion 21 August 2015
C Share Dividend Payment Date 21 August 2015
Admission of the Ordinary Shares arising pursuant 24 August 2015
to the C Share Conversion
CREST accounts credited (if applicable) in respect 24 August 2015
of Ordinary Shares arising pursuant to the C Share
Conversion
Certificates for Ordinary Shares despatched to Conversion Week commencing 7 September 2015
C Shareholders
The dates set out in the expected timetable above may be adjusted by the
Company, in which event details of the new dates will be notified
through a Regulatory Information Service.
Copies of the Circular will shortly be available for inspection at the
National Storage Mechanism, which is located at:
http://www.hemscott.com/nsm.do
and on the Company's website:
http://www.octopusinvestments.com
For further information please contact:
Nicola Board
Company Secretary
020 7776 8663
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 Apollo VCT plc via Globenewswire
HUG#1934324
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