HgCapital Trust PLC Update on Silicon Valley Bank (7525S)
13 Março 2023 - 7:51AM
UK Regulatory
TIDMHGT
RNS Number : 7525S
HgCapital Trust PLC
13 March 2023
H gCapital Trust plc
UPDATE ON SILICON VALLEY BANK
London, 13 March 2023: HgCapital Trust plc ('HGT'), would like
to reassure all shareholders that there is little to no impact on
HGT from the collapse of Silicon Valley Bank ('SVB').
Although last night's Joint Statement by the Department of the
Treasury, Federal Reserve, and FDIC(1) should eliminate all risk to
depositors, in the spirit of full transparency, we would like to
update you on HGT's direct and indirect exposure to Silicon Valley
Bank.
-- Neither Hg, nor any of its managed funds, have related loan or borrowing exposure with SVB.
-- None of the underlying portfolio companies have any outstanding borrowings with SVB.
-- A small number of the underlying portfolio companies have
limited deposits with SVB, but no portfolio business is at risk as
a result of this.
(1)
https://www.fdic.gov/news/press-releases/2023/pr23017.html
- Ends -
The Company's 2022 Annual Report results were announced today
and are available to view at: http://www.hgcapitaltrust.com/ .
For further details:
HgCapital Trust plc
Laura Dixon (Senior Investor Relations Manager, +44 (0) 78 2459
Hg) 2894
Brunswick
Azadeh Varzi +44 (0)20 7404 5959
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are
listed on the London Stock Exchange (HGT.L). HGT gives investors
exposure, through a liquid vehicle, to a portfolio of high-growth
unquoted companies, managed by Hg, an experienced and
well-resourced private equity firm with a long-term track record of
delivering superior risk-adjusted returns for its investors.
For further details, see www.hgcapitaltrust.com and
www.hgcapital.com
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March 13, 2023 06:51 ET (10:51 GMT)
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