Octopus Titan VCT plc - request to convene a General Meeting to liquidate the company

The outstanding takeaway from the whole event: Tom Leader stated that Octopus management fees are set at a level to incentivise them! “Cost plus”, as I suggested, is not appropriate. £10m+ per annum is some incentive after years of false valuations and £250m in cash already taken for screwing it up based on unrealised gains. TREBLES all round! ------------------------------------------------------------------------------ The meeting was attended by a handful of shareholders and a veritable hoard of Octopus staff and Lawyers from Howard Kennedy llp (Sponsors, Legal advisers and High Court representatives - nb they act for 95% of VCTs). The Chair said a transcript of the meeting is being prepared. What he didn’t say was that they had paid for a Court Reporter stenographer (like the ones you see on US TV legal dramas) to sit there and do it. Serious or what? I bet the transcript never sees the light of day for any ordinary shareholder and is only placed in evidence in the Hig...

Will this be the last ever Octopus Titan VCT AGM held in Holborn? Looks like it.  https://www.cbre.co.uk/property-search/office-space/listings/details/UK-GLDE-177051/33-holborn-london-ec1n-2ht Perhaps it also explains why Octopus have just reduced their staff by 20%.  . PLEASE COME TO THE AGM   IF YOU POSSIBLY CAN.  Together with all the resolutions proposed by the Directors alone, the matter of asking the Directors to propose a meeting of all shareholders to consider, and if thought fit vote for, liquidation of the VCT as the logical best solution for all shareholders will be up for discussion. Why? FIRSTLY: The chances of any new fund raising for the "worst ever performing VCT" are Nil. No-one in their right mind would ever consider buying this dog even for the now reduced to 20% up-front tax relief - and Octopus have 4 other VCTs, 3 EIS funds and multiple other managed funds some of which they are "pumping" like crazy for new monies. SECONDLY: The Directors h...

[UPDATE 20 MAY 2026] The below referenced Proxy Form problem has finally been resolved with the filing with the  FCA. https://data.fca.org.uk/artefacts/NSM/DirectUpload/NI-000145224/NI-000145224.pdf Has it, as was promised, been added to the URL link sent to shareholders who don't get hard copy accounts?  Don't be silly! Will they have to adjourn the AGM unless they do. ..absolutely guaranteed.  ------------------------------------------------------------------------------------------------------------------- One week earlier than the extended deadline that they alone asked for, Octopus have filed the Witness Statement of their British Virgin Islands stooge and as predicted this blog figures extensively. All I can say is that Anna Victoria Silver, ACA, has blatantly lied again and committed offences under The Perjury Act 1911 with intent to deliberately mislead the High Court.   She and Howard Kennedy llp now face disciplinary action ahead of trial in October. A...

Today brings allegations that I must have breached the SLAPP court orders because Howard Kennedy don't even understand a simple primary school maths SAT level formula that if you divide the number of shares in a decile of the total members by the number of persons in that group you get an average.. ... and then if they have more shares than that average then they must be a member of that or a higher decile. Shame I am also banned by the Court from showing you the Order and the relevant documents. All I did was ask for a copy of the Proxy form for the AGM. Methinks there is panic in Holborn . I gave them until 4.00pm to reply to my "Arkell v- Pressdram"  response - they haven't so now I am going public. I will make my "without prejudice" correspondence and their replies available if they include it in their Witness Statement - due in the High Court by 23rd May.  I wonder if the panic also has anything to do with the fact that for any shareholder who absolutel...

https://www.linkedin.com/posts/damisola-sulaiman-13304a230_scoop-fidelity-international-has-quietly-share-7458437952298377217-xzih/ The start of an avalanche?

I have been prompted to add a simple summary of the 10 year history.  This covers the 11 years since the merger of all the Titan VCTs in November 2014. Anyone else care to check the numbers that come exclusively from accounts on the Octopus website?