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RNS Number : 7404S

Triple Point VCT 2011 PLC

13 March 2023

13 March 2023

Triple Point VCT 2011 plc

(the "Company")

Company Update

Following developments with Silicon Valley Bank ("SVB") over the weekend, the Investment Manager assessed the Company's portfolio company exposure to SVB, in both the US and UK.

While a number of portfolio companies have bank accounts with SVB, we did not expect portfolio company exposure to SVB to have a significant impact on the Venture share class net asset value ("NAV").

Now, as a result of announcements by the UK Treasury this morning (regarding the sale of SVB UK to HSBC) and the US Federal Reserve yesterday evening (regarding an additional release of funding to ensure depositors are made whole), we do not expect portfolio company exposure to SVB to have any impact on the Venture share class NAV.

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/current-vcts/triple-point-vct-2011-plc/s2539/

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.

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(END) Dow Jones Newswires

March 13, 2023 05:03 ET (09:03 GMT)

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