REG - Blackfinch SpringVCT - SVB Failure – No Impact on Company’s NAV

Blackfinch Spring VCTAnnouncement

14/03/2023 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230314:nRSN9469Sa&default-theme=true

RNS Number : 9469S  Blackfinch Spring VCT PLC  14 March 2023

Blackfinch Spring VCT plc (the "Company")

 

Silicon Valley Bank Failure - No Impact on Company's Net Asset Value

 

 

Following the recent failure of Silicon Valley Bank (SVB), the potential
impact on the Company's portfolio has been assessed.

 

No portfolio company holds a material deposit with SVB, and most have no
accounts at all. The direct exposure to SVB across the portfolio is,
therefore, negligible. The swift government response in both the UK and US
further helps mitigate any potential indirect impact.

 

Accordingly, the events at SVB will have no impact on the Company's net asset
value.

 

 

For further information, please contact:

 

Blackfinch Investments Limited (Investment Manager)

01452 717070

 

The City Partnership (UK) Limited (Company Secretary)

enquiries@city.uk.com (mailto:enquiries@city.uk.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCJIMTTMTABBMJ