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Octopus Apollo VCT is currently closed to new investment.

Smaller companies sometimes need just a little financial support to fund their continued growth. That’s where Octopus Apollo VCT comes in. The investment team works hard to identify commercialised, growing companies needing equity or debt investment. Much of this work is driven by forming strong relationships, so the reputation of the team, and the performance track record of Octopus Apollo VCT, are important factors.

Some risks to keep in mind

Please remember, VCTs are not suitable for everyone and you should fully understand the risks involved. We do not offer investment or tax advice, and we recommend you talk to a financial adviser before making investment decisions.

This investment places your capital at risk, and you could get back less than you originally invest. Tax treatment depends on individual circumstances and may change in the future, and tax reliefs depend on the VCT maintaining its qualifying status. VCT shares could fall or rise more than shares listed on the London Stock Exchange. They may also be harder to sell. Dividends are not guaranteed.

Make sure you read the ‘Explaining the risks’ section below.

Hear from one of our fund managers

As you watch this video, please bear in mind the risks highlighted above.

Tax benefits and how to claim them

Income tax relief
You can claim up to 30% income tax relief on the amount you invest in each tax year, as long as you hold the shares for at least five years. So investing £10,000 in a VCT would allow you to reclaim £3,000 from your income tax bill, although the amount of income tax reclaimed cannot exceed the amount paid.

Claiming your income tax relief is pretty straightforward. Either complete a section on your Self-Assessment form at the end of the tax year, or – if you pay tax under PAYE – you can call HMRC and ask to have your tax code adjusted and start paying less tax every month. There’s also no capital gains tax to pay if the VCT shares are sold at a profit.

Dividend payments
One of the main benefits of VCTs is their potential to pay tax-free dividends to investors. You don’t need to declare them on your tax return. Octopus Apollo VCT targets the regular payment of a 5% tax-free dividend yield per share each year.

Explaining the risks

Capital is at risk and you could lose money
With a VCT, there’s no guarantee that the amount you invest will be returned to you.

VCTs are long-term investments
You should be prepared to hold VCT shares for a minimum of five years. If you decide to sell your VCT shares before then, you will be required to repay to HM Revenue & Customs any upfront income tax relief you’ve claimed.

VCTs should be considered high-risk investments
Octopus Apollo VCT invest in companies that are not listed on the main market of the London Stock Exchange. Investments in smaller companies can fall or rise in value much more sharply than shares in larger, more established companies. They also have a higher rate of failure.

VCT shares may be difficult to sell
There isn’t an active market for VCT shares in the way there is for shares in big companies like BP and Vodafone. This means that if you decide to sell your shares in Octopus Apollo VCT, you may not be able to find a buyer, or you may have to accept a price lower than the net asset value of the investment. However, we will do our best to help you sell your shares in Octopus Apollo VCT.

Tax rules can change
Rates of tax, tax benefits and tax allowances depend on your own personal circumstances and may change over time. HM Treasury can also change the definition of a VCT-qualifying investment in the future, which could impact the nature of new investments a VCT can make over time.

The VCT’s qualifying status could end
If a VCT loses its qualifying status, tax advantages – such as tax-free dividends and exemption from capital gains tax – could be withdrawn from that point. If this happens within five years of your initial investment, you may be asked to repay any upfront income tax relief you have already claimed.

Shareholder information

Follow this link to view the latest Octopus Apollo VCT announcements and share prices from the London Stock Exchange

London Stock Exchange code: OAP3
Registrars: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZZ
Tel: 0370 703 6327 (Many home phone tariffs now include free calls to 0370 numbers. If you do not get inclusive calls, or are calling at a time of day when calls are charged for, the total call cost is usually a combination of a call set-up fee and a per-minute rate which from a BT landline is 10p per minute)
Auditors: James Cowper Creston
Registered in England: No. 05840377
Registered office: 33 Holborn, London, EC1N 2HT

Confirmation of Merger
Confirmation of the merger of Octopus Apollo VCT with Octopus Eclipse VCT

Latest General Meeting results
Latest General Meeting results document

Latest AGM results
Latest AGM results document

Latest annual report
Octopus Apollo VCT annual report 31 January 2018

Latest interim report
Octopus Apollo VCT interim report 31 July 2018

Allotment deadlines
Not currently open for investment.

Warning to shareholders about ‘boiler room’ scams

We’re alerting all Octopus VCT shareholders about the misuse of the Octopus name by third parties who claim to be connected to Octopus or our VCTs in some way.We have been made aware of cases where our investors have been contacted by fraudsters:

  • Selling shares with little or no value in companies which may not even exist
  • Someone offering to buy their shares at a higher price than their market value

These scams target existing VCT shareholders and will sound like attractive offers. The caller will often ask you to pay something up front, such as a bond or other form of security, which they claim you’ll receive back if the sale doesn’t go through. They may also ask you to sign a form preventing you from disclosing details of the offer. Please be aware:

These are fraudulent scams. They are in no way connected with Octopus or our VCTs. We will never call you to attempt to buy your shares or sell shares to you. If you are concerned about a suspicious call, letter or email you receive, give our Client Relations team a ring on 0800 316 2295.

Where do they obtain your details? Octopus will never pass investor details to a third party without their permission. Unfortunately, these scam companies take details from the VCT shareholder registers, which is a publicly available document. Home telephone numbers are obtained from lists of telephone numbers that are for sale via the internet.

Your rights to compensation. In many cases, these share scam companies are based overseas, although some may give a UK postal address and phone number. These companies are not authorised by the Financial Conduct Authority (FCA) so investors may have no right to complain or claim compensation.

What should you do? If you receive an unexpected call from someone offering to either sell VCT shares or to buy your VCT shares, particularly using high-pressure tactics, please hang up the phone. Cold calls from companies offering to sell you shares are unlawful and should be reported to the FCA or the police. More information is available from the Financial Conduct Authority.

Further information. If you have any questions about Octopus products or these share scams, please feel free to contact us on 0800 316 2295. Alternatively, more information is available from the Financial Conduct Authority.

Pricing and dividend information

Dividend information is being retrieved...

Related Documents

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Octopus Apollo VCT circular 4 November 2016

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Octopus Apollo VCT Key Information Document

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Please read

This advertisement is not a prospectus and you should only subscribe for shares on the basis of information contained in the prospectus and the Key Information Document.