OVCT Oberon Aim Vct Plc

 
TIDMOVCT 
 
   Octopus Apollo VCT PLC 
 
   Octopus VCT PLC 
 
   Together "the Companies" 
 
   29 September 2014 
 
   Possible merger between Octopus Apollo VCT PLC and Octopus VCT 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 one enlarged VCT with net assets of 
approximately GBP110 million. 
 
   Octopus Apollo VCT plc also proposes to launch an offer for subscription 
to raise up to GBP30 million. 
 
   A further announcement will be made in due course. 
 
   For additional information, please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   Octopus Apollo VCT and Octopus VCT 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 PLC via Globenewswire 
 
   HUG#1859425 
 
 
 
 

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