Revolutionary Movement as Octopus Apollo VCT plc Buys and Annuls Its Own Shares, Transforming the Landscape of Total Voting Rights

Making waves in the financial sector, Octopus Apollo VCT plc has taken a bold step by purchasing and subsequently cancelling its own securities. Made public on May 23, 2025, the company acquired 11,959,418 ordinary shares priced at 47.27p each, for nullification. In the realm of finance and company law, this unusual manoeuvre holds major implications for total voting rights within the company.

With this audacious move, certain directors within the company too were part of the share cancellation process. This saw directors such as Christopher Powles and Alex Hambro cancelling shares at 47.27p each, thereby adjusting their shares and holding percentages within the company, which now stands at 0.003% and 0.006% respectively.