Octopus Apollo VCT is currently closed to new investment. If you’d like to be kept informed about future fundraising plans, please call our Client Relations team on 0800 316 2295.

Profitable 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 established 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.

Please remember, this investment places your capital at risk, and you could get back less than you originally invest. 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. Octopus Apollo VCT targets the regular payment of a 5p tax-free dividend per share each year. This currently equates to an annual dividend yield of 6%.

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.

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.

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: 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. 05840377
Registered office: 33 Holborn, London, EC1N 2HT

Latest AGM results
Latest AGM results document

Latest annual report
Octopus Apollo VCT annual report 31 January 2016

Latest interim report
Octopus Apollo VCT interim report 30 April 2016


Pricing and dividend information

Date: 04 Aug 2016
Current net asset value: 80.5p
Cumulative tax-free dividends paid: 35p

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).

Dividend history         
25 Jun 2008 1.5p 04 Aug 2010 1.5p  09 Aug 2012 3p 22 Jul 2014 2.5p 26 Aug 2016 2.5p 
31 Oct 2008 1.5p 29 Oct 2010 1.5p 16 Nov 2012 2p 07 Nov 2014 2.5p  
25 Jun 2009 1.5p 15 Jul 2011 1.5p 20 Jun 2013 2.5p 31 Jul 2015 2.5p  
30 Oct 2009 1.5p 18 Nov 2011 2p 15 Nov 2013 2.5p 18 Dec 2015 2.5p  

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.

09 September 2016

Octopus Apollo VCT brochure

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09 September 2016

Octopus Apollo VCT product overview

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09 September 2016

Octopus Apollo VCT circular

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09 September 2016

Octopus Apollo VCT prospectus

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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.