3.0p
*Total return is an alternative performance measure calculated as movement in NAV per share in the period plus dividends paid in the period, divided by the NAV per share at the beginning of the period.
**Calculated as total return/opening NAV.
***Payable on 30 April 2021 to those shareholders on the share register on 16 April 2021.
Key Dates
Annual General Meeting 7 June 2021
Interim Results to 30 June 2021 published September 2021
Chairman's Statement
I am pleased to present the annual results for Octopus Titan VCT for the twelve months ended 31 December 2020.
The NAV per share at 31 December 2020 was 97.0p which, adjusting for dividends paid, represents a 7.1% increase from 31 December 2019, a 10.6% increase from the NAV per share at 30 June 2020, and a 12.5% increase from the NAV per share low of 88.0p in April 2020. This increase reflects impressive performance across a number of portfolio companies, despite the challenges of the Coronavirus pandemic, and is testament to the efforts of the Octopus Ventures team and the pioneering management teams of the investment companies. The tax-free annual compound return for the original shareholders since Titan’s launch in October 2007 is now 5.1%.