16th Oct 2026 16:30
Octopus AIM VCT PLC and Octopus AIM VCT 2 PLC - venture capital trusts - Enter discussions regarding a possible merger. Says this would be "intended to create a larger and more efficient AIM-focused VCT with greater scale and deliver cost synergies". Their boards believe such "synergies" would benefit existing and prospective shareholders. Also, AIM VCT says it intends to launch a new offer for subscription in respect of the 2026-27 and 2027-28 tax years, following the merger. The merger would be completed through a scheme of reconstruction, with smallest party AIM VCT 2's assets and liabilities being transferred to AIM VCT. AIM VCT 2 shareholders would receive new shares in AIM VCT as consideration. Read More
