Octopus AIM VCT plc (OOA) has announced the re-opening of its offer for subscriptions to new applicants, forming part of a joint fundraise with Octopus AIM VCT 2 plc targeting up to £30 million, with an over-allotment facility of a further £30 million. The offer, underpinned by a Prospectus dated 12 January 2026, covers the 2025/2026 and 2026/2027 tax years. Notably, the re-opened offer applies to Octopus AIM VCT plc only, as the company confirmed that Octopus AIM VCT 2 plc will not re-open to new subscriptions. Investors considering VCT allocations for the current or forthcoming tax year may wish to note the available early-application discount.

Key Points

  • Octopus AIM VCT plc (OOA) — a venture capital trust investing in AIM-quoted companies, managed by Octopus Investments Limited
  • The company has re-opened its subscription offer to new applicants, covering the 2025/2026 and 2026/2027 tax years
  • The joint offer targets up to £30 million with an over-allotment facility of up to £30 million; a 2.5% cost reduction applies to applications received before 5pm on 16 December 2026
  • Investors should watch whether the over-allotment facility is activated and how quickly the fundraise progresses toward its headline target

Octopus AIM VCT Re-Opens £30 Million Offer to New Subscribers for 2025/2026 and 2026/2027 Tax Years

Octopus AIM VCT plc has confirmed that its offer for subscriptions is now open to new applicants following the re-opening announced via a company update. The offer forms part of a joint fundraise with Octopus AIM VCT 2 plc, which together seek to raise up to £30 million, supplemented by an over-allotment facility of up to a further £30 million. The Prospectus governing the offer is dated 12 January 2026 and spans two consecutive tax years, providing investors with flexibility over the timing of their subscription. Proceeds raised will be directed towards the company's continued investment programme and pipeline of opportunities in AIM-quoted growth businesses.

2.5% Early-Application Discount Available to Subscribers Who Apply Before 16 December 2026

The announcement highlights a time-sensitive incentive for prospective investors. Applicants whose valid applications are received before 5pm on 16 December 2026 will benefit from a 2.5% reduction in offer costs. Rather than a cash rebate, this reduction will be delivered in the form of additional new shares funded directly by Octopus Investments Limited, the company's investment manager. This structure means eligible applicants effectively receive a greater number of shares for their subscription amount, with the investment manager absorbing the associated cost. Investors considering participation may therefore factor this deadline into their planning.

Existing Octopus VCT Shareholders Entitled to Additional 1% Loyalty Discount Throughout the Offer

Beyond the early-application incentive, the company confirmed a separate 1% loyalty discount available to existing shareholders of any Octopus-managed VCT. This discount runs for the remainder of the offer period rather than being subject to the December 2026 deadline. As with the early-application reduction, the loyalty discount will be provided in the form of additional new shares, funded by Octopus Investments Limited. The disclosure suggests that shareholders already invested across the broader Octopus VCT range could combine both discounts if applications are submitted ahead of the 16 December 2026 cut-off, subject to eligibility criteria set out in the Prospectus.