Octopus VCT 2 PLC Octopus Vct 2 Plc : Possible Merger Between Octopus Apollo Vct Plc And Octopus Vct 2 Plc ("Companies")
06 10월 2015 - 7:23PM
UK Regulatory
TIDMOVC2
Octopus Apollo VCT PLC
Octopus VCT 2 PLC
Together "the Companies"
6 October 2015
Possible merger between Octopus Apollo VCT PLC and Octopus VCT 2 PLC
("Companies")
The boards of directors of the Companies announce that they have entered
into discussions regarding a possible merger of the Companies
("Merger"). These discussions may or may not lead to an agreement to
merge the Companies. If the Merger proceeds the current intention is
that it will be undertaken by way of a scheme of reconstruction under
the Insolvency Act 1986, which would be outside the provisions of The
City Code on Takeovers and Mergers.
The Merger will require formal approval from the shareholders of both
Companies and is expected to provide a range of benefits to all
shareholders. If the Merger is approved, it is expected to achieve cost
savings through the establishment of a larger combined fund.
Octopus Apollo VCT is also pleased to announce its intention to launch
an offer for subscription to raise up to GBP30 million, with an
over-allotment facility of a further GBP10 million, in November 2015.
A further announcement will be made in due course.
For additional information, please contact:
Nicola Board
Company Secretary
Octopus Apollo VCT and Octopus VCT 2 plc
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 VCT 2 PLC via Globenewswire
HUG#1957018
http://www.octopusinvestments.com/
(END) Dow Jones Newswires
October 06, 2015 06:23 ET (10:23 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Octopus Vct 2 (LSE:OVC2)
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