Octopus Future Generations VCT Launches Up to £15m Share Offer Following FCA Approval

Octopus Future Generations VCT PLC ( (GB:OFG) ) just unveiled an announcement.

Octopus Future Generations VCT plc has published a new prospectus for an offer of ordinary shares aimed at raising up to £10 million, with the potential to extend by a further £5 million through an over-allotment facility, following approval from the Financial Conduct Authority. Under a related-party agreement with its portfolio manager, Octopus Investments Limited, the manager will receive a 3% fee on gross funds raised, an arrangement the board, advised by its sponsor Howard Kennedy Corporate Services LLP, has deemed fair and reasonable for shareholders. The share offer is now open and is scheduled to close on 31 March 2026 for the 2025/26 tax year and 1 February 2027 for the 2026/27 tax year, unless it is fully subscribed or the board decides to close it earlier.

More about Octopus Future Generations VCT PLC

Octopus Future Generations VCT plc is a UK-listed venture capital trust managed by Octopus Investments Limited, focusing on providing investors with tax-efficient exposure to a portfolio of growth companies. As a VCT, it raises capital from retail and other investors to back early-stage and scaling businesses, typically within the UK, while offering shareholders associated VCT tax advantages within defined tax years.

Technical Sentiment Signal: Buy

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