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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 |
TIDMTPOA TIDMTPOB
RNS Number : 2333U
Triple Point VCT 2011 PLC
27 March 2019
LEI: 213800AOOAQA5XQDEA89
27 March 2019
Triple Point VCT 2011 plc (the "Company")
Related Party Transaction
The Company presently has a prospectus offer for subscription (the "Offer") open for a new, venture share class, which has exceeded its GBP3 million minimum fundraising target for the 2018/19 tax year.
The Company is proposing to make its first allotment under the Offer for the 2018/19 tax year on 29 March 2019 and will put those funds on short term deposit, in compliance with VCT rules, pending investment.
The Company has a pipeline of investment opportunities for the new venture share class. These investment opportunities can often require funding within a short timeframe.
Triple Point Advancr Leasing PLC, a company within the Triple Point Group, is, therefore, proposing to make a facility of GBP800,000 (the "Loan Facility") available to the Company as a bridge to the allotment in the event that one or more of these investments requires funds to be invested before allotted funds put on short term deposit can be accessed.
The Loan Facility carries an interest rate of 4% p.a. on amounts drawn and there is no penalty for early repayment.
The Loan Facility constitutes a related party transaction under Listing Rule 11.1.10R.
For further information please contact:
Jonathan Parr, Partner
Triple Point
jonathan.parr@triplepoint.co.uk
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
MSCQDLFLKXFZBBK
(END) Dow Jones Newswires
March 27, 2019 12:52 ET (16:52 GMT)
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