Octopus Apollo VCT plcLSE: OAP3

Octopus Apollo VCT: Publication of Prospectus

· Issued by Octopus Apollo VCT plc via GlobeNewswire

Summary by 6ix AI

Octopus Apollo VCT plc (a venture capital trust) issued a prospectus dated October 15, 2026, for a proposed offer of ordinary shares of 0.1p each to raise up to £50 million, with the option to raise up to a further £25 million above that (an over-allotment). The Financial Conduct Authority approved the prospectus, and the offer is now open.

Key details

  • Under an agreement dated October 15, 2026, the company's portfolio manager, Octopus Investments Limited, will receive an initial charge of 3 per cent of the gross funds raised under the offer. The agreement is a related party transaction under UK Listing Rule 8.2.1R.
  • Octopus Investments Limited will also receive a further charge of up to 2.5 per cent of gross funds raised from investors who did not invest through a financial intermediary.
  • For those direct investors, it will also receive an ongoing charge of 0.5% of the net asset value of the amount they invested, payable for up to nine years as long as they continue to hold the new shares.
  • The board believes these arrangements are fair and reasonable for shareholders, and has been so advised by Howard Kennedy Corporate Services LLP, acting as sponsor to the company.

What’s still pending

  • The offer will close on or before April 5, 2027 for the 2026/2027 tax year and on October 14, 2027 for the 2027/2028 tax year, or earlier if fully subscribed.
  • The board reserves the right to close the offer earlier.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/publication-of-prospectus-152

Publication of Prospectus

Octopus Apollo VCT plc

Publication of Prospectus

Octopus Apollo VCT plc (the ‘Company’) has issued a prospectus, dated 15 October 2026, relating to a proposed offer for subscription for ordinary shares of 0.1p each in the Company (‘New Shares’) to raise up to £50 million with an over-allotment of up to a further £25 million (the ‘Offer’), following the approval of the prospectus from the Financial Conduct Authority.

Pursuant to an agreement dated 15 October 2026 relating to the Offer between, inter alia, the Company and Octopus Investments Limited, the Company’s portfolio manager (the ‘Portfolio Manager’), which constitutes a related party transaction falling within UK Listing Rule 8.2.1R, 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% of the net asset value of the investment amount received by the Company under the Offer from Direct Investors, payable for up to nine years, provided the Direct Investors continue to hold the New Shares.

The board of the Company believes that the above arrangements are fair and reasonable as far as the shareholders of the Company are concerned and have been so advised by Howard Kennedy Corporate Services LLP, as sponsor to the Company.

The Offer is now open and will close on or before 5 April 2027 for the 2026/2027 tax year and on 14 October 2027 for the 2027/2028 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 will shortly be available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

and on the Company’s website

https://octopusinvestments.com/apollo-vct/

For further information please contact:

Andrew Humphries
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067

LEI: 213800Y3XEIQ18DP3O53


Octopus Apollo VCT plc on 6ix

Earlier from Octopus Apollo VCT

All Octopus Apollo VCT news releases