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TPOA Triple Point Vct 2011 Plc

1.505
0.00 (0.00%)
Last Updated: 01:00:00
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 Investment Update (8286W)

13/12/2019 10:50am

UK Regulatory


Triple Point Vct 2011 (LSE:TPOA)
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From Apr 2019 to Apr 2024

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RNS Number : 8286W

Triple Point VCT 2011 PLC

13 December 2019

13 December 2019

Triple Point VCT 2011 plc

(the "Company")

INVESTMENT UPDATE

The Board of Triple Point VCT 2011 is pleased to announce that the Venture Share class (known as The Venture Fund) has completed its eighth qualifying investment.

An investment was made into an open API (application programming interface) platform that enables insurance companies to digitally join up their ecosystem of service providers, partners and distributors, passing data to and from each other as and when needed.

The platform enables insurance companies to launch and distribute products faster and at a fraction of the cost of current solutions.The Company invested alongside Outward VC and Notion Capital in a round totalling GBP2,500,000.

The investment is in line with the Company's investment criteria and risk and return profile.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management   Tel: 020 7201 8989 
  LLP 
  (Investment Manager) 
 Belinda Thomas 
  Harry Penberthy 
  Daniel Cardenas-Clark 
  Ian McLennan 
 
 

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/.

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

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.

END

UPDDMMMZGFNGLZM

(END) Dow Jones Newswires

December 13, 2019 05:50 ET (10:50 GMT)

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