TVC Holdings plc confirms intention to list on IEX and AIM…

TVC Holdings (a new holding company established to acquire Trinity Venture Capital), one of the largest and most successful venture capital firms, today (Thursday, 28th June 2007) announced its intention to seek admission on the IEX market of the Irish Stock Exchange and the AIM market of the London Stock Exchange, as TVC Holdings plc.

TVC intends to raise €50 million by way of an equity placing and admission to trade on the IEX and AIM markets. Funds raised will be used to finance further development of their existing portfolio of companies, fund new investments and support the investment activities of the Group. It is expected that TVC Holdings plc shares will commence trading on the IEX and AIM next month.

TVC was established in 1997 and is a private equity investor and investment manager, managing risk capital for expanding companies. The Group's objective is to achieve capital appreciation through investments in both technology and non-technology companies, principally in Ireland and the UK, that are likely to be successful internationally. Since its foundation, TVC has developed extensive investment experience, a unique knowledge of the Initial Portfolio of 14 companies and a proven track record in generating investment opportunities. In June 2007, TVC was ranked by Cambridge Associates, a leading independent industry expert, in the top 15% of all year 2000 non-US and US venture funds in terms of performance. Current Group investments include Norkom, AePONA, ChangingWorlds, CR2, Havok and the TAS Group.

The Board of TVC Holdings plc will comprise of: Shane Reihill, Executive Chairman and Founder of TVC; John Tracey, Chief Executive Officer; Rory Quirke, Director; and John Fagan, Chief Financial Officer and Company Secretary, all of whom have extensive experience in actively working with portfolio companies, restructuring and building management teams, making acquisitions; and creating long term shareholder value. Non-Executive Directors will include Padraig O'Riordain, Gavin O'Reilly and John McGuckian.

Speaking today on the intention to seek admission on IEX and AIM, Shane Reihill, Executive Chairman of TVC Holdings, said:

"Our intention is to leverage the proven strengths of the TVC investment team and to maintain our focus on capital appreciation. We will continue to work actively with our initial portfolio of companies in order to maximise their value, and to identify new investment opportunities across a diversified range of business sectors, as we grow both the business and shareholder value".

© TVC Holdings Plc 2020