REG - Triple Point Venture - Publication of a Prospectus

Triple Point Venture VCTAnnouncement

05/09/2025 12:30

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RNS Number : 2502Y  Triple Point Venture VCT PLC  05 September 2025

5 September 2025

 

Triple Point Venture VCT plc

(the "Company")

PUBLICATION OF PROSPECTUS

The Board of Triple Point Venture VCT plc is pleased to announce that the
Company has issued a prospectus (the "Prospectus") relating to an offer for
venture ordinary shares to raise £10 million (the "Offer")*, following
approval of the Prospectus from the Financial Conduct Authority.

 

*If the Offer is oversubscribed it may be increased to £30 million at the
discretion of the directors of the Company.

Pursuant to the Offer, the Company's fund manager, Triple Point Investment
Management LLP ("TPIM"), will enter into an agreement with the Company (the
"Offer Agreement"), which will constitute a related party transaction as
defined by the UK Listing Rules as it is an agreement between the Company and
its fund manager, falling within UK Listing Rule 8.2.1R.

 

Pursuant to the Offer Agreement, TPIM, as promoter of the Offer, will be paid
(the "Promoter Fee") up to an amount equal to 5.5% of the aggregate value of
accepted applications for Venture Shares under the Offer, out of which TPIM
will discharge all external costs, including initial commissions, and its own
costs, in respect of the Offer, but excluding any initial and ongoing charges
agreed between an authorised financial adviser and an investor.

 

The board of the Company believes that the above arrangements are fair and
reasonable as far as the shareholders of the Company are concerned and have
been so advised by Howard Kennedy Corporate Services LLP, as sponsor to the
Company.

The Offer is now open and is expected to close on 31 July 2026 unless fully
subscribed at an earlier date. A copy of the Prospectus will shortly be
submitted to the National Storage Mechanism located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and may be viewed on
the Triple Point website at: www.triplepoint.co.uk
(http://www.triplepoint.co.uk) .

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

  Triple Point Investment Management LLP   Tel: 020 7201 8989

 (Investment Manager)
  Seb Wallace

  Jack Rose

 

The Company's LEI is 213800AOOAQA5XQDEA89

 

Further information on the Company can be found on its website

https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-plc/s2539/
(https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-plc/s2539/)

 

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was
established to fund small and medium sized enterprises. The Investment Manager
is Triple Point Investment Management LLP.

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