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LONDON - Octopus Apollo VCT PLC has announced the allotment of ordinary shares under its Dividend Reinvestment Scheme to several of its non-executive directors, as well as persons closely associated with them. This transaction took place on the London Stock Exchange (LON:LSEG)’s Main Market on Thursday.
The individuals involved in the transaction included Murray Steele, Sarah Boulton (closely associated with Murray Steele), Christopher Powles, Alex Hambro, and Claire Finn, all serving as non-executive directors for the company. Each director participated in the Dividend Reinvestment Scheme, which allows shareholders to reinvest their cash dividends in additional shares of the company.
In the case of Murray Steele, a total of 10,433 shares were allotted at a price of £0.492 per share. Similarly, Sarah Boulton acquired 3,202 shares, Christopher Powles 1,243 shares, Alex Hambro 1,486 shares, and Claire Finn 1,138 shares, all at the same price per share.
This initial notification of the transactions serves as a public disclosure in compliance with market regulations, highlighting the ongoing investment of the company’s directors in its future. The Legal Entity Identifier provided for Octopus Apollo VCT PLC is 213800Y3XEIQ18DP3O53.
The Dividend Reinvestment Scheme is a common practice among publicly traded companies, offering shareholders an opportunity to increase their investment, often at a favorable price, in lieu of receiving their dividends in cash.
The announcement of this transaction is based on a press release statement and provides a factual report on the recent financial activities of the company’s directors. It does not include any promotional content or subjective commentary on the significance of the event.
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