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Octopus Apollo VCT plc (OAP3) Ordinary 10p Shares

Sell:40.40p Buy:42.00p 0 Change: No change
Market closed Prices as at close on 28 May 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:40.40p
Buy:42.00p
Change: No change
Market closed Prices as at close on 28 May 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:40.40p
Buy:42.00p
Change: No change
Market closed Prices as at close on 28 May 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To invests in a diversified portfolio of UK smaller companies to generate income and capital growth over the long-term. The majority of companies in which Apollo invests operate in sectors where there is a high degree of predictability and/or a strong opportunity for growth. Ideally, we seek companies that have recurring or repeating revenues from financially sound customers and that will provide an opportunity for the Company to realise its investment within three to five years.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Management fee of 2% p.a. of NAV. Performance fee is 20% of the amount by which the NAV from the start of the sixth and subsequent accounting period exceeds simple interest of the Bank of England base rate for the same period. The contract is terminable on 12 months notice.

Dividend Policy

The board aims to maintain a regular dividend flow where possible in order to take advantage of the tax-free distributions a VCT is able to provide.

ASSET SPLIT

Total number of holdings: 24.

Trust Manager

Richard Court

Manager Bio

Richard joined Octopus in 2017 and heads the Development Capital team. He is the fund manager for the Octopus Apollo VCT and is a member of the Investment Committee. He is also responsible for transacting new investments as well as sitting on a number of portfolio company boards. He has debt and equity investment experience across a wide range of sectors and business sizes. Before joining Octopus, Richard has been an investor in UK and international SMEs since 2006. He spent 2 years with TPG’s direct lending fund and 5 years at RJD Partners, a UK-focused Private Equity fund. He also worked at Dresdner Kleinwort in the Debt Principal Finance group. He qualified as a chartered accountant with PricewaterhouseCoopers and holds a first class degree in Banking and Finance from the University of Birmingham.

Board Of Directors

Murray SteeleChairman, Alexander Hambro, Christopher Powles, James Otter

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.