Last checked at 31 Jul 2008 16:50
Triple Point VCT plc
Tender Offer
Triple Point VCT plc (the "Company") has pleasure in announcing that a circular (the "Circular") has today been posted to shareholders relating to proposals for a tender offer for the Company to purchase up to 4,000,000 of its ordinary shares at 92p per share (the "Tender Offer").
The Tender Offer is available to all shareholders of the Company on the register as at close of business on 31 July 2008. Shares that are purchased by the Company pursuant to the Tender Offer will be cancelled and not re-issued and will not rank for any dividends declared or paid on or after completion of the Tender Offer. The authorised share capital of the Company will not be reduced but the issued share capital of the Company will be reduced by the nominal amount of those shares that are cancelled.
The Tender Offer is conditional upon the passing of a special resolution to be proposed at the Annual General Meeting of the Company to be held on 27 August 2008 approving the Tender Offer, and the contract to be entered into by the Company and those shareholders participating in the Tender Offer for the purpose of giving effect to the Tender Offer, as set out in the Circular.
A copy of the Circular has been submitted to the UK Listing Authority and will be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
For further information, please contact:
Peter Hargreaves, company secretary, or Michael Wood on 020 7404 7403