Purchase of securities by Octopus Investments Nominees Limited
22 Agosto 2023 - 11:00AM
Purchase of securities by Octopus Investments Nominees Limited
Octopus AIM VCT 2 plc
Purchase of securities by Octopus
Investments Nominees Limited
Octopus AIM VCT 2 plc (‘the Company’) announces
that Octopus Investments Nominees Limited (‘OINL’), part of the
Octopus Group, has purchased (the ‘Share Purchase’) 27 shares of
0.01p each in the capital of the Company (‘Shares’). The aggregate
cost of the Share Purchase was £14.15. The Shares were purchased at
a price per Share of 52.4p.
The Share Purchase follows the allotment of
shares that took place on 10 August 2023 in connection with a
rebate of adviser charges relating to deceased shareholders.
Subject to available distributable reserves and
cash, and regulations, the Company proposes to purchase, for
cancellation, the Shares from OINL in accordance with its share buy
back policy, as part of the next buy back expected to be in
September 2023, at a price reflecting a discount of up to 5 per
cent of the then latest published net asset value per share in
accordance with the terms of its stated buy back policy.
Where OINL takes on the risk or benefit of
movements in the Company’s net asset value (‘NAV’), such as in this
instance, OINL will always take on any loss arising from a downward
movement relative to the price at which the Shares were acquired.
Where there is a gain, given the financial risk taken on by OINL in
acquiring these Shares, OINL will also take any profit.
These arrangements constitute a smaller related
party transaction under Listing Rule 11.1.10R.
For further enquiries, please contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316
2067
LEI: 213800BW27BKJCI35L17
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