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Proposed Increase in Size of Offer for Subscription and Re-Opening of Offer for Subscription to Further Applications marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Investegate announcements from Octopus Apollo VCT, Proposed Increase in Size of Offer for Subscription and Re-Opening of Offer for Subscription to Further Applications
OCTOPUS APOLLO VCT PLC Proposed Increase in Size of Offer for Subscription and Re-Opening of Offer for Subscription to Further Applications Further to the announcement released by Octopus Apollo VCT... | April 5, 2023
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Proposed Increase in Size of Offer for Subscription Octopus Apollo VCT plc (“the “Company”) 3 Proposed Increase in Size of Offer for Subscription Further to the announcement released by Octopus Apollo VCT plc (the “Company") on 25 September 2020 relating the Company's Offer for Subscription to raise up to £35 (£25 million with an over-allotment facility of a further £10 million) (the “Offer”), in the 2020/2021 and 2021/2022 tax years, the Board of the Company announces today that, due to investor demand, it is proposing to increase the size of the Offer from £35 million to £75 million (the "Offer Increase"). Pursuant to an agreement relating to the Offer Increase between the Company and Octopus Investments Limited, the Company’s investment manager (the “Manager”), this offer increase constitutes a smaller related party transaction within Listing Rule 11.1.10 R, and the Manager will receive: