Last checked at 27 Aug 2008 15:41
Triple Point VCT plc Acceptance of Tender
Triple Point VCT plc (the "Company") has pleasure in announcing that pursuant to the circular (the "Circular") that was posted to shareholders relating to proposals for a tender offer for the Company to purchase up to 4,000,000 million of its ordinary shares at 92p per share (the "Tender Offer"), tenders for 3,390,537 ordinary shares (the "Ordinary Shares") have been accepted, being 10.6 % of the issued share capital of the Company and which will result in the return of £33,905.37 of the Company's capital.
A special resolution (the "Special Resolution") was passed at the Annual General Meeting of the Company 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.
It is intended that the purchase by the Company of the Ordinary Shares, and the despatch of consideration to those shareholders tendering the Ordinary Shares, will be completed by 29 August 2008.
A copy of the Special Resolution 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 ColonnadeCanary Wharf
London E14 5HS
For further information, please contact:
Peter Hargreaves on 01534 814 618 or David Dick on 020 7404 7403