OIAA Oct Iht Aim

 
TIDMOIAA 
 
Octopus IHT AIM VCT PLC 
 
22 April 2009 
 
Publication of Circular for a Distribution in Specie 
 
Proposed Reconstruction including a Distribution in Specie to 'B' 
Ordinary Shareholders and Notice of General Meeting 
 
Octopus IHT AIM VCT PLC (the "Company") announces that it has today 
issued a circular (the "Circular") to 'B' Ordinary Shareholders and, 
for information only, 'A' Ordinary Shareholders convening a General 
Meeting to be held on 3 June 2009. 
 
The purpose of the Circular is to provide details of a reconstruction 
including a proposed Distribution in Specie to the 'B' Ordinary 
Shareholders of the underlying assets attributable to those Shares. 
The Distribution in Specie implements the proposals originally 
contained in a prospectus issued by the Company on 6 October 2005. 
In the Prospectus, it was stated that following the end of the third 
year from the closing of the 'B' Ordinary Share Offer, the 'B' 
Ordinary Shareholders wishing to continue with a traditional VCT 
investment would have the right to elect to convert all (but not 
some) of their 'B' Ordinary Shares into 'A' Ordinary Shares.  After 
the expiry of the period during which such elections can be made, 
there would be a Distribution in Specie to the remaining 'B' Ordinary 
Shareholders so that the underlying portfolio of AIM listed shares 
and cash attributable to the 'B' Ordinary Shares would be distributed 
to the individual 'B' Ordinary Shareholders pro-rata to their 
shareholdings in the Company.   The AIM shares distributed in this 
way should then, under current legislation, qualify for business 
property relief for inheritance tax purposes once a further two year 
qualifying period has elapsed. 
 
Following the Distribution is Specie, the remaining 'B' Ordinary 
Shares will be cancelled with the approval of the Court. 
 
'B' Ordinary Shareholders wishing to convert their holdings into 'A' 
Ordinary Shares are required to submit conversion notices to the 
Company by 29 May 2009.  The General Meeting will be held on 3 June 
2009 and it is anticipated that the Distribution in Specie will occur 
on 24 June 2009. 
 
Copies of the Circular are available from the Company Secretary at 8 
Angel Court, London, EC2R 7HP and may be downloaded from 
www.octopusinvestments.com by navigating to the 'VCT Meetings & 
Reports' section under the 'Services' section. 
 
For further enquiries, please contact Octopus Investments Limited on 
0800 294 6842. 
 
 
Celia Whitten, Company Secretary 
Octopus Investments Limited 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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