TPOA Triple Point Vct 2011 Plc

TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON

RNS Number : 6043H

Triple Point VCT 2011 PLC

04 August 2021

4 August 2021

Triple Point VCT 2011 plc

(the "Company")

Venture Share Class Net Asset Value

The Company announces that the unaudited net asset value ("NAV") per Venture Share as at 4 August 2021 was 108.43 pence per share (as at 13 July 2021 the unaudited NAV per Venture Share was 105.99 pence per share), representing a 2.3 % increase in the Venture Share NAV in comparison to 13 July 2021. The Venture Dividend declared on 27 May 2021 was paid on 30 July 2021 to those Venture Share Class shareholders on the register at the close of business on 16 July 2021 and has therefore been reflected in the NAV per Venture Share as at 4 August 2021.

The Venture Share NAV has increased as a result of various developments in the portfolio including the increase in the valuation of an investee company following the completion of a large funding round at a share price significantly higher than the price at which it had previously been valued. The increase in the Venture Share NAV as at 4 August 2021 also incorporates downward valuation adjustments being applied against some other Venture investee companies.

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/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) Dow Jones Newswires

August 04, 2021 11:00 ET (15:00 GMT)

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