TP5 VCT PLC Trading Statement (4460Y)
September 08 2015 - 10:15AM
UK Regulatory
TIDMTP5
RNS Number : 4460Y
TP5 VCT PLC
08 September 2015
TP5 VCT PLC
Trading Update
London 8 September 2015: The Board of TP5 VCT plc (the
"Company") has today announced the disposal of investments in one
of its solar investee companies, Campus Link Limited ("Campus
Link").
In accordance with its investment policy, the Company
co-invested in a number of solar investee companies which earlier
this year disposed of a significant part of their assets. This was
the subject of a prior regulatory announcement on 16 April 2015.
Various of the Company's investments in the solar investee
companies themselves were realised through the receipt of payments
in respect of the Company's loans and on 26 June 2015 through the
sale of its shares in those investee companies to Aphelion One
Limited ("Aphelion"). This was the subject of a prior regulatory
announcement on 30 June 2015. The Company is today announcing a
further disposal of investments in Campus Link through the receipt
of payments in respect of the Company's loans and on 13 August 2015
through the sale of its shares in Campus Link. Aphelion is
beneficially owned by the partners of Triple Point Investment
Management LLP, the Company's investment manager (the "Manager"),
and therefore it is a related party to the Company under Listing
Rule 11.1.4.
Before adjustments for the realisation of some assets and
liabilities the aggregate amount payable by Aphelion is GBP320,711
as derived from the net asset value of Campus Link.
The disposal is a smaller related party transaction under
Listing Rule 11.1.10 and Howard Kennedy Corporate Services LLP have
independently confirmed that it is fair and reasonable so far as
the Company's shareholders are concerned.
For further information, please contact David Burton at Triple
Point, on 020 7201 8989.
- Ends -
About Triple Point
Triple Point is a private investment specialist with experience
in managing venture capital funds typically through Venture Capital
Trusts and companies qualifying under the Enterprise Investment
Scheme, with over GBP300 million under management.
In addition to funding small renewable energy ventures across
the UK, Triple Point provides private capital for a range of
enterprises from small private equity investments to asset finance
solutions for large, established organisations. With access to
capital sourced from private individuals Triple Point offers
advantages to organisations whose requirements are not being
satisfactorily met by standard providers and products.
www.triplepoint.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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