Letter to Shareholders

 

TIDMTRIP 
 
RNS Number : 6322O 
Triple Point VCT PLC 
10 March 2009 
 

Triple Point VCT plc 
 
The directors of Triple Point VCT plc are pleased to announce the following 
extract from a letter being sent today by the VCT's Chairman, Michael Sherry, to 
its shareholders: 
 
 
"Realisation plans for Triple Point VCT plc 
 
 
I have pleasure in writing to you to elaborate on the Triple Point VCT Board's 
intention to effect a timely realisation of shareholders' investment. 
 
 
In terms of a trading update, the Company is on track to deliver upon its 
objectives.  The Company's objective at launch was to return a total to 
investors, including dividends, of 95 - 105p per share by the end of the fourth 
year of investment.  You will recall that you were required to hold your shares 
for three years in order to secure the 40% income tax relief received on your 
investment. This three year period ends on 5 April 2009.  The Company's most 
recent Net Asset Value per share at 31 December 2008 was 93.57p and 5.43p has 
already been paid in dividends. 
 
 The Triple Point team is working on a plan to make substantial 
distributions to shareholders early in the new tax year. Triple Point VCT's most 
recent Interim Management Statement included the following: "The Board's focus 
in the period up to 6 April 2009 will be on realising investments so that funds 
can be returned to shareholders as soon as practical in accordance with 
objectives set out in the company's prospectuses". The realisation process is 
under way and I expect to be in a position to write to you with more details in 
the coming weeks including providing an estimate of the timetable for 
distributions and their value. We expect that these distributions will incur 
neither income nor capital gains tax liabilities." 
 
 
For further information please contact: 
 
Triple Point Investment Management LLP on 020 7201 8989 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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