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Triple Point Venture VCT Plc Announces New Equity Issuance

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Triple Point Venture VCT Plc Announces New Equity Issuance

The latest update is out from Triple Point VCT 2011 PLC ( (GB:TPV) ).

Triple Point Venture VCT Plc has announced the issuance of 3,183,619 new Venture Shares at an average price of 98.233 pence per share, as part of a subscription offer detailed in a prospectus from September 2024. This allotment increases the company’s total voting rights to 85,077,063 Venture Class Shares, with admission to the Official List expected by 24 February 2025, potentially strengthening its capital base and market positioning.

More about Triple Point VCT 2011 PLC

Triple Point Venture VCT Plc is a Venture Capital Trust established in July 2010, focusing on funding small and medium-sized enterprises. The company is managed by Triple Point Investment Management LLP.

YTD Price Performance: -1.65%

Average Trading Volume: 14,659

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £73.29M

See more data about TPV stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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