TP10 VCT Plc Trading Update (7520R)

TIDMTP10

RNS Number : 7520R

TP10 VCT Plc

30 June 2015

TP10 VCT PLC

Trading Update

London 30 June 2015: The Board of TP10 VCT plc (the "Company") has today announced the disposal of a number of its investments.

In accordance with its investment policy, the Company co-invested in a number of solar companies which have recently disposed of a significant part of their assets. The Company's investments in the solar companies were realised through the receipt of payments in respect of the Company's loans and through the sale of its shares in those solar companies to Aphelion One Limited ("Aphelion"), a newly incorporated company that is beneficially owned by the partners of Triple Point Investment Management LLP, the Company's investment manager (the "Manager") and which is, therefore, a related party to the Company under Listing Rule 11.1.4.

Before adjustments for the realisation of some assets and liabilities the aggregate amount payable by Aphelion is GBP495,888 as derived from the net asset values of the solar companies as set out in their management accounts to 15 May 2015. These were prepared by independent third party accountants.

The disposals are smaller related party transactions under Listing Rule 11.1.10 and have been verified independently as being fair and reasonable so far as the Company's shareholders are concerned.

For further information, please contact David Burton at Triple Point, on 020 7201 8989.

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About Triple Point

Triple Point is a private investment specialist with experience in managing venture capital funds typically through Venture Capital Trusts and companies qualifying under the Enterprise Investment Scheme, with over GBP300 million under management.

In addition to funding small renewable energy ventures across the UK, Triple Point provides private capital for a range of enterprises from small private equity investments to asset finance solutions for large, established organisations. With access to capital sourced from private individuals Triple Point offers advantages to organisations whose requirements are not being satisfactorily met by standard providers and products.

www.triplepoint.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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