Octopus AIM VCTs issue £20m of new shares

Offer for Octopus AIM VCT 2 oversubscribed

Anna Fedorova
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Octopus AIM VCTs raise £20m
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Octopus AIM VCTs raise £20m

Octopus AIM VCT has issued £10.4m of new shares as part of a subscription offer to raise up to £20m in the 2020-21 and 2021-22 tax years in conjunction with Octopus AIM VCT 2.

A total of 8,562,918 were issued at a price of 121.4p per share, equivalent to the current NAV of 114.7p grossed up by up to 5.5%. In addition, Octopus AIM VCT 2 has issued £7.5m worth of new ordinary...

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