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 incre
Annual Report and Accounts for the year ended 31 December 2020
Titan today announces the final results for the year to 31 December 2020 as below.
These results were approved by the Board of Directors on 23 April 2021.
You may view the Annual Report in full at
www.octopusinvestments.com shortly. All other statutory information will also be found there.
Octopus Titan VCT plc (‘Titan’ or ‘the Company’) is a venture capital trust (‘VCT’) which aims to provide shareholders with attractive tax-free dividends and long-term capital growth by investing in a diverse portfolio of predominantly unquoted companies. The Company is managed by Octopus Investments Limited (‘Octopus’ or ‘Portfolio Manager’) and Octopus AIF Management Limited (the ‘Manager’).
Director Appointments
Octopus Titan VCT plc (“the Company”) is delighted to announce the appointment of Lord Rockley as an independent non-executive Director with effect from 8 April 2021. The Company also announces the intention to appoint Gaenor Bagley as an independent non-executive Director subject to the approval by shareholders at the forthcoming Annual General Meeting of a resolution to amend the Company s Articles of Association to increase the aggregate annual remuneration of directors to allow for her appointment.
Lord Rockley
Anthony is a qualified chartered accountant and former partner at KPMG. He joined KPMG in 1983 and held various positions throughout his career most notably within the banking sector and latterly as the lead audit partner in KPMG’s Private Equity Group (‘PEG’) which he was instrumental in establishing. He led PEG Audit for 15 years until his retirement in 2015. Anthony was a member of the British Venture Capital Association working part