Octopus Apollo VCT (GB:OAP3) has released an update.
Octopus Apollo VCT plc reported a stable financial year ending January 2024 with a net asset value (NAV) per share decrease from 53.2p to 50.5p, offset by dividends leading to a flat total return. The company maintained its targeted 5% annual dividend yield policy, declaring a total of 2.7p per share in dividends for the year. Despite the broader economic challenges, Apollo’s recent fundraise was successful, reaching £50 million, and the company continues to provide tax-efficient investment opportunities in predominantly unquoted companies.
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