TPOA Triple Point Vct 2011 Plc

TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON

RNS Number : 0555B

Triple Point VCT 2011 PLC

08 February 2022

8 February 2022

Triple Point VCT 2011 plc

(the "Company")

(the "Company" or the "Group")

DIRECTORATE CHANGES

The Board of Directors of Triple Point VCT 2011 plc announces that Julian Bartlett has been appointed to the Board as an Independent Non-Executive Director and Chair of the Audit Committee with immediate effect. Jane Owen will step down as Chair of the Audit Committee but will remain a member of the Audit Committee. Following an orderly succession period, Tim Clarke, a Non-Executive Director of the Company, will not stand for re-election at the Company's AGM expected to be held in July 2022 and will step down following the conclusion of the AGM.

Julian has significant financial, assurance and advisory experience gained from over 30 years as a Partner at Grant Thornton UK LLP and formerly at RSM Robson Rhodes and Deloitte. He has an extensive understanding of listed and financial services companies including VCTs. He is the Chair of Invesco Fund Managers Limited, Director and Chair of the Audit and Risk Committee of Invesco Pensions Limited and Director of Lindsell Train Limited. He was formerly a Non-Executive Director of FFI Holdings plc from August 2017 until it ceased trading on AIM in August 2019. Julian is a Fellow of the Institute of Chartered Accountants in England and Wales.

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

Jane Owen, Chair of the Company, said:

"On behalf of the Board I would like to thank Tim Clarke for his significant contribution over the years he has served on the Board. We would also like to thank him for his assistance through the succession period, and he will retire from the Company with our very best wishes for the future.

We are delighted to welcome Julian to the Company. His extensive audit and financial experience, in particular his experience auditing VCTs, will be hugely valuable to the Board."

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
  Triple Point Investment Management   Tel: 020 7201 8989 
   LLP 
   (Investment Manager) 
  Belinda Thomas 
   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.

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END

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(END) Dow Jones Newswires

February 08, 2022 07:59 ET (12:59 GMT)

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