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TPOA Triple Point Vct 2011 Plc

1.505
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Vct 2011 Plc LSE:TPOA London Ordinary Share GB00BNCBFM82 A ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.505 0.01 3.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Triple Point VCT 2011 PLC Company Update (7404S)

13/03/2023 9:03am

UK Regulatory


Triple Point Vct 2011 (LSE:TPOA)
Historical Stock Chart


From May 2022 to May 2024

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RNS Number : 7404S

Triple Point VCT 2011 PLC

13 March 2023

13 March 2023

Triple Point VCT 2011 plc

(the "Company")

Company Update

Following developments with Silicon Valley Bank ("SVB") over the weekend, the Investment Manager assessed the Company's portfolio company exposure to SVB, in both the US and UK.

While a number of portfolio companies have bank accounts with SVB, we did not expect portfolio company exposure to SVB to have a significant impact on the Venture share class net asset value ("NAV").

Now, as a result of announcements by the UK Treasury this morning (regarding the sale of SVB UK to HSBC) and the US Federal Reserve yesterday evening (regarding an additional release of funding to ensure depositors are made whole), we do not expect portfolio company exposure to SVB to have any impact on the Venture share class NAV.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
   Triple Point Investment Management   Tel: 020 7201 8989 
    LLP 
    (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-vct-2011-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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

March 13, 2023 05:03 ET (09:03 GMT)

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