Request for the register of members to circularise the OTV2 Members to convene a General Meeting to resolve to liquidate the Company.

With impeccable timing, the CEO of "Octopus Ventures" yesterday took to the airwaves on SIFTED's "Startup Europe" podcast https://sifted.eu/articles/erin-platts-podcast. Do listen to more "talk the talk" about the reasons for Titan's downfall and the need for transparency and to give the investors the information they need and change the team that screwed up in 2020...including Directors as I suggest? She does admit the VCT tax regime on new money is a problem which is why the EIS route is better for everyone and all VCTs should go now. 

At the 10 October 2025 General Meeting, the Directors refused to answer the questions about the economic analysis and case for Liquidation being a better outcome for shareholders. There is a transcript of the meeting that they refused to make available to Members.

Liquidation will save > £100,000,000 without jeapordising anyone's Tax status whilst retaining all economic upside on the investments.

I have therefore made a 3rd Request under s116 Companies Act 2006 that was delivered to the company at 11.00hrs on 31 October 2025 with £95 fee prepaid in cash as a condition, unlawfully, imposed in correspondence from Howard Kennedy llp that the request will not be considered unless copying fees are prepaid and I use the form that they provided. In the Albion matters Howard Kennedy state that such fees do not have to be prepaid - .

Given the urgency of the matter I have used their form, paid the money and been told it will not be refunded if they refuse my request. That would indeed make for "interesting times" given the pre-trial need for a very Senior High Court Judge to review the matter at first instance.



Copy of the entire request document at: https://app.box.com/s/9zgtzdogwkno5ox28i70dg6iequba1b


Tick-tock ... the 5 business day period for response ends shortly after 11.00hrs on the 11th day of the 11th month.

 


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