REG - Triple Point Venture - Publication of Prospectus

Triple Point Venture VCTAnnouncement

22/09/2023 12:00

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RNS Number : 3955N  Triple Point Venture VCT PLC  22 September 2023

22 September 2023

 

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 ("Venture Shares") to raise £10 million (the
"Offer")*, following approval 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 Listing Rules as it is an agreement between the Company and its
fund manager (Listing Rule 15.5.4).

 

Pursuant to the Offer Agreement, TPIM will be paid 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 Offer is now open and is expected to close on 31 July 2024 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)
   Ian McLennan

   Belinda Thomas

 

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/

 

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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