Triple Point Venture VCT Plc Expands Share Capital with New Allotment

Triple Point VCT 2011 PLC ( (GB:TPV) ) has shared an update.

Triple Point Venture VCT Plc has announced the allotment of 2,832,655 Venture Shares at an average price of 96.910 pence per share, increasing its total share capital to 93,966,199 Venture Class Shares. This move is part of a subscription offer and is expected to enhance the company’s capital base, potentially impacting its market positioning and providing more resources for investment in SMEs.

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. It operates under the management of Triple Point Investment Management LLP.

YTD Price Performance: 0.60%

Average Trading Volume: 97,349

Technical Sentiment Signal: Strong Sell

Current Market Cap: £78.35M

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