Blackfinch Spring VCT PLC SVB Failure -- No Impact on Company's NAV (9469S)
14 Mars 2023 - 1:54PM
UK Regulatory
TIDMBFSP
RNS Number : 9469S
Blackfinch Spring VCT PLC
14 March 2023
Blackfinch Spring VCT plc (the "Company")
Silicon Valley Bank Failure - No Impact on Company's Net Asset
Value
Following the recent failure of Silicon Valley Bank (SVB), the
potential impact on the Company's portfolio has been assessed.
No portfolio company holds a material deposit with SVB, and most
have no accounts at all. The direct exposure to SVB across the
portfolio is, therefore, negligible. The swift government response
in both the UK and US further helps mitigate any potential indirect
impact.
Accordingly, the events at SVB will have no impact on the
Company's net asset value.
For further information, please contact :
Blackfinch Investments Limited (Investment Manager)
01452 717070
The City Partnership (UK) Limited (Company Secretary)
enquiries@city.uk.com
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(END) Dow Jones Newswires
March 14, 2023 08:54 ET (12:54 GMT)
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