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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, 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

Reasons to consider Octopus Apollo VCT

An established investment approach
The goal is to deliver a regular income to investors via tax-free dividends. Investors can also benefit from capital gains when the investment team sells the equity stake it has in a business.

Tax reliefs
Investors can claim up to 30% upfront income tax relief on newly-issued shares provided the shares are held for at least five years. Any dividends are tax free, and investors don’t need to declare them on their tax return. There’s also no capital gains tax to pay if the VCT shares are sold at a profit. Tax reliefs are available on VCT investments of up to £200,000 per year, though the amount of any upfront tax relief cannot exceed the amount of income tax due.

Dividend-paying potential
Octopus Apollo VCT targets the regular payment of a 5% tax-free dividend yield per share each year.

Conservative financing
Investments are usually structured as part loan and part equity. This helps ensure the VCT receives a regular income from loan interest and repayments, which can then be used to pay regular tax-free dividends to investors.

Explaining the risks

Capital is at risk and investors could lose their money
There’s no guarantee that the amount invested will be returned.

This is a long-term investment
Investors should be prepared to hold shares for a minimum of five years. If they decide to sell their shares before then, they will be required to repay to HM Revenue & Customs any upfront income tax relief they’ve claimed.

It should be considered a high-risk investment
Octopus Apollo VCT invests 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 higher rates of failure.

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 an investor decides to sell their Octopus Apollo VCT shares, they may not be able to find a buyer, or they may have to accept a price lower than the net asset value of the investment. However, we will do our best to help investors sell their Octopus Apollo VCT shares.

Tax rules can change
Rates of tax, tax benefits and tax allowances do change. In addition, the tax benefits available to investors through this investment depend on an investor’s own personal circumstances. To ensure VCT money continues to support Government policy objectives, 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 – may be withdrawn from that point. If this happens within five years of an initial investment, investors may be asked to repay any upfront income tax relief that they 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 Kreston
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 2017

Latest interim report
Octopus Apollo VCT interim report 31 July 2016

Allotment deadlines
Not currently open for investment.

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 Circular Cover Letter November 2016

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Octopus Apollo VCT Chairmans Letter November 2016

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Please read

Nothing on this page constitutes investment, tax or legal advice. Venture Capital Trusts may not be suitable for everyone, so we recommend investors speak to a financial adviser, and read the relevant brochure, before deciding whether to invest.

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

Be aware of VCT share scams (boiler room scams) run by third parties who claim to be connected with Octopus in some way.