16th Sep 2014 17:31
LONDON (Alliance News) - A group of five venture capital trusts managed by Octopus Investments Ltd Tuesday published a prospectus over their proposed merger and said they are seeking to raise GBP50.0 million under an offer for subscription for new shares with an over allotment facility of a further GBP20.0 million.
Octopus Titan VCT 1 PLC, Octopus Titan VCT 2 PLC, Octopus Titan VCT 3 PLC, Octopus Titan VCT 4 PLC, and Octopus Titan VCT 5 PLC are the VCTs set to merge.
The merger is expected to cost about deliver annual cost savings of approximately GBP500,000.
By Samuel Agini; [email protected]; @samuelagini
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Related Shares:
Octopus T.vct