Triple Point VCT 2011 PLC (GB:TPV) has released an update.
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Triple Point Venture VCT plc has launched a new offer to raise £10 million through the issuance of venture ordinary shares, with the potential to increase to £30 million if oversubscribed. The offer, managed by Triple Point Investment Management LLP, includes an agreement that will see the fund manager receiving a Promoter Fee of up to 5.5% of the total accepted applications. This funding initiative, aimed at supporting SMEs, is now open and set to close on July 31, 2025, unless the subscription cap is reached sooner.
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