VCTs invest in smaller companies, but you might be surprised at how large some of these companies can grow. The Octopus AIM VCTs are currently open for new investment. They feature established, maturing businesses from a diverse range of sectors of the Alternative Investment Market (AIM), one of the world’s most successful markets for growing companies. Our Smaller Companies team manages approximately £1 billion and they love talking about the companies they invest in. Why not give them a call and find out for yourself?

Please remember, this investment places your capital at risk, and you could get back less than you originally invested. Make sure you read the ‘Explaining the risks’ section below, and for full details of fees, charges and risks, please read the product brochure and prospectus at the bottom of this page.

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. Both Octopus AIM VCTs aim to pay tax-free dividends twice a year. Octopus AIM VCT targets a total annual dividend of 5p per share or 5% of the share price, whichever is greater. Octopus AIM VCT 2 targets a total annual dividend of 3.6p or 5% of the share price, whichever is greater. They both also aim to pay special dividends from the sale of significant portfolio holdings.

Explaining the risks

Your capital is at risk and could lose money
There’s no guarantee that the amount you invest will be returned to you.
This is a long-term investment
You should be prepared to hold your shares for a minimum of five years. If you decide to sell shares before then, you will be required to repay to HM Revenue & Customs any upfront income tax relief you’ve claimed.
It should be considered a high-risk investment
Octopus AIM VCTs 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.
Your 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 AIM VCTs, 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 AIM VCTs.
Past performance is no guide to the future
The past performance of an investment is not a reliable indicator of future results. Nor should you rely on any forecasts made about future returns.
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.

Octopus AIM VCT shareholder information

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

London Stock Exchange code: OOA

Registrars: Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU

Tel: 0871 664 0324 (calls cost 10p per minute plus network extras)

Auditors: BDO LLP

Registered in England: No. 03477519

Registered office: 33 Holborn, London, EC1N 2HT

Latest AGM results
Latest AGM results document

Latest annual report
Octopus AIM VCT annual report 29 February 2016

Latest interim report
Octopus AIM VCT interim report 31 August 2015

Allotment deadlines*

20 October 2016

*Application forms and funds must arrive by midday on the allotment deadline dates listed above. The share creation date will be the following day.

Octopus AIM VCT pricing and dividend information

Date: 05 Sep 2016
Current net asset value: 107.8p

The NAV is the combined value of all the assets owned by the VCT after deducting the value of any liabilities (such as debts and financial obligations).

Dividends history       
09 Jan 2009 2.5p  11 Feb 2011 2.5p  30 Nov 2012 2.5p  15 Jan 2015 2.5p 
03 Jul 2009 2.5p  05 Aug 2011 2.5p  25 Jul 2013 2.5p  07 Aug 2015 6.8p 
21 Dec 2009 2.5p  25 Nov 2011 2.5p  16 Jan 2014 2.5p  14 Jan 2016 2.5p 
19 Nov 2010 2.5p  26 Jul 2012 2.5p  24 Jul 2014 3p  22 Jul 2016 2.5p 

Octopus AIM VCT 2 shareholder information

Follow this link to view the latest Octopus AIM VCT 2 announcements and share prices from the London Stock Exchange

London Stock Exchange code: OSEC

Registrars: Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU

Tel: 0871 664 0324 (calls cost 10p per minute plus network extras)

Auditors: BDO LLP

Registered in England: No. 05528235

Registered office: 33 Holborn, London, EC1N 2HT

Latest AGM results
Latest AGM results document

Latest annual report
Octopus AIM VCT 2 annual report 30 November 2015

Latest interim report
Octopus AIM VCT 2 interim report 31 May 2016

Allotment deadlines*

20 October 2016

*Application forms and funds must arrive by midday on the allotment deadline dates listed above. The share creation date will be the following day.

Octopus AIM VCT 2 pricing and dividend information

Date: 05 Sep 2016
Current net asset value: 82p

The NAV is the combined value of all the assets owned by the VCT after deducting the value of any liabilities (such as debts and financial obligations).

Dividends history         
15 Sep 2006 1.4p  10 Oct 2008 1p  29 Oct 2010 1.5p  30 Aug 2012 1.6p  17 Oct 2014 2p 
23 Mar 2007 1p  22 May 2009 1p 10 Jun 2011 1.65p  24 May 2013 1.7p  05 Jun 2015 4p 
24 Aug 2007 1p  30 Nov 2009 1p  07 Oct 2011 1.6p  18 Oct 2013 1.8p  16 Oct 2015 2p 
22 Apr 2008 1p  07 May 2010 1p  08 Jun 2012 1.6p  22 May 2014 2p  20 May 2016 2p 

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 some 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.

07 September 2016

Octopus AIM VCT 2 annual report 30 November 2015

View document Download icon
07 September 2016

Octopus AIM VCT and VCT 2 prospectus

View document Download icon
07 September 2016

Octopus AIM VCT plc AGM results

View document Download icon
07 September 2016

Octopus AIM VCTs brochure

View document Download icon
07 September 2016

Octopus AIM VCTs circular

View document Download icon
07 September 2016

Octopus AIM VCTs product overview

View document Download icon
07 September 2016

Octopus AIM VCT2 plc AGM results

View document Download icon

Important information

VCTs are not suitable for everyone and it’s important that you fully understand the risks involved. We do not offer investment or tax advice, and we always recommend you talk to a financial adviser before making investment decisions. This advertisement is not a prospectus and investors should only subscribe for shares on the basis of information contained in the prospectus.