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Octopus Apollo VCT ( (GB:OAP3) ) has issued an update.
Octopus Apollo VCT has issued and allotted 24,452,336 new ordinary shares at 52.0p each under its ongoing offer for subscription, which is seeking to raise up to £75 million with an additional £25 million over-allotment capacity across the 2025/2026 and 2026/2027 tax years. Application has been made for the new shares to be admitted to the FCA’s Official List and to trading on the London Stock Exchange around 8 April 2026, increasing the company’s issued share capital and total voting rights to 1,198,742,027 and providing an updated denominator for investors’ disclosure calculations under transparency rules.
A director’s person closely associated was included in the allotment, modestly increasing their holding and illustrating internal participation in the capital raise. The enlarged capital base may enhance liquidity in the shares and supports the VCT’s ability to deploy additional funds into its investment portfolio, with implications for existing and new shareholders’ exposure to the trust’s future performance.
More about Octopus Apollo VCT
Octopus Apollo VCT plc is a UK-listed venture capital trust that invests in a portfolio of growth-oriented companies, providing equity capital to support their development. As a London Stock Exchange main market issuer, it targets tax-efficient investment for shareholders within specified UK tax years, operating under the FCA’s regulatory framework.
Average Trading Volume: 8,738
Technical Sentiment Signal: Strong Buy
Learn more about OAP3 stock on TipRanks’ Stock Analysis page.