Triple Point Venture VCT PLC Publication of Prospectus (3955N)
22 September 2023 - 12:52PM
UK Regulatory
TIDMTPV
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 GBP10 million (the "Offer")*, following approval from the
Financial Conduct Authority.
*If the Offer is oversubscribed it may be increased to GBP30
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 and may be
viewed on the Triple Point website at: 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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END
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