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LONDON - Octopus Apollo VCT plc announced Thursday it has published a prospectus for a new share offering to raise up to £75 million, with an over-allotment option for an additional £25 million.
The venture capital trust received approval from the Financial Conduct Authority for the prospectus dated October 30, 2025. The offer involves the subscription of ordinary shares of 0.1p each, classified as "New Shares."
According to the prospectus, Octopus Investments Limited, the company's portfolio manager, will receive an initial charge of 3% of the gross funds raised. The manager will also collect up to an additional 2.5% charge from investors who invest directly without a financial intermediary, plus an ongoing charge of 0.5% of the net asset value of these direct investments for up to nine years.
The company's board stated that these arrangements have been deemed "fair and reasonable" for shareholders, with Howard Kennedy Corporate Services LLP advising as the company sponsor.
The share offering is now open and scheduled to close on April 5, 2026, for the 2025/2026 tax year and on October 29, 2026, for the 2026/2027 tax year, unless fully subscribed earlier. The board reserves the right to close the offer before these dates.
The prospectus will be available for inspection at the National Storage Mechanism and on the company's website, according to the press release statement.
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