13th Sep 2006 11:08
Triple Point VCT PLC13 September 2006 First Investments The Directors of Triple Point VCT plc ("The Company") announce that it hascompleted investments totalling £4 million into four companies: Broadsword Satellite Communications LimitedBeam Carrier Trading LimitedSatellite Broadband Access Solutions LimitedHigh Definition Broadcast Services Limited Each company has been formed to specialise in trading satellite carriercapacity. Triple Point VCT is providing finance for the purchase of carriercapacity in HYLAS, a communications satellite for high definition television andbroadband internet access currently being built by EADS Astrium. HYLAS is duefor launch in late 2008 and has an expected lifetime of 15 years, providingsatellite services over Europe and North Africa. Triple Point's investments were pre-approved as VCT-qualifying by HMRC, whichapproval extended to commitments for a second tranche of similarly sizedinvestments in these four companies by Triple Point VCT, currently anticipatedin mid-2007. Michael Sherry, Chairman of Triple Point VCT plc, said : "Our four newly established holdings reflect Triple Point VCT's focus on highquality, low risk and potentially liquid investments. These transactionsrepresent significant progress towards investing 70% of our shareholders'capital in VCT-qualifying companies." For further information please contact:David Dick (Triple Point Investment Services Limited): tel. 020 7404 7403 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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