LONDON - Octopus Apollo VCT PLC has disclosed transactions involving the allotment of ordinary shares under its Dividend Reinvestment Scheme to several non-executive directors, according to a notification filed on December 23, 2024. The transactions took place on the London Stock Exchange (LON:LSEG)'s Main Market.
The notification detailed the participation of Murray Steele, a non-executive director, who acquired 8,752 shares at a price of £0.484 per share. Similarly, Sarah Boulton, closely associated as a person with Murray Steele, obtained 3,169 shares at the same price. Non-executive directors Alex Hambro, Claire Finn, and Christopher Powles also participated in the scheme, receiving 2,933, 1,127, and 1,230 shares respectively, each at the stated price of £0.484.
The Dividend Reinvestment Scheme allows shareholders to reinvest their cash dividends in additional shares of the company, which can be an indicator of the directors' confidence in the company's prospects and their commitment to holding its stock.
This information is based on a press release statement and provides a factual report of the transactions without speculating on their implications for the company or the broader market. The disclosure of these transactions ensures transparency and compliance with market regulations, which require public notification of trading activities by persons discharging managerial responsibilities and those closely associated with them.
The company's Legal Entity Identifier is 213800Y3XEIQ18DP3O53, and the ordinary shares are identified by the code GB00B17B3479. Such disclosures are routine for publicly traded companies and are watched by investors for insights into the actions of company insiders.
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