Triple Point VCT 2011 PLC Publication of Prospectus and Circular (9304Y)

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RNS Number : 9304Y

Triple Point VCT 2011 PLC

14 September 2020

14 September 2020

Triple Point VCT 2011 plc

(the "Company")

PUBLICATION OF PROSPECTUS AND CIRCULAR

The Board of Triple Point VCT 2011 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")* and a circular (the "Circular") in connection with the Offer and the cancellation of the Company's share premium account relating to its B Shares, following approval from the Financial Conduct Authority.

*If the Offer is oversubscribed it may be increased to GBP20 million at the discretion of the directors of the Company.

The Circular includes a notice of a general meeting to be held on 19 October 2020. As a result of Government restrictions on movement and gatherings imposed as a result of the COVID-19 pandemic, shareholders will not be allowed to attend the General Meeting in person, which will proceed as set out in the notice with a quorum which will be made up of shareholders who are directors of the Company and/or partners and employees of the Company's investment manager. Voting on the resolutions to be proposed at the General Meeting will be conducted on a poll, rather than on a show of hands .

The Offer is now open and is expected to close on 30 July 2021 unless fully subscribed at an earlier date. A copy of the Prospectus and the Circular 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   Tel: [phone] 
  LLP 
  (Investment Manager) 
 Belinda Thomas 
  Harry Penberthy 
  Daniel Cardenas-Clark 
  Ian McLennan 
  Seb Wallace 
 

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.

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September 14, 2020 09:00 ET (13:00 GMT)