Octopus Apollo VCT Reports Steady Growth

Octopus Apollo VCT (GB:OAP3) has released an update.

Octopus Apollo VCT plc has reported a modest increase in its half-yearly net asset value (NAV) plus cumulative dividends to 138.4p per share, reflecting a total return of 1.0% amid a challenging economic landscape. The Company successfully closed an offer to raise £85 million and declared an interim dividend of 1.3p per share, while maintaining 100% of its portfolio in VCT qualifying investments. Significant portfolio gains were led by B2B technology companies, despite valuation decreases in a few underperforming firms.

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