TVC to return €50m to investors

Investment company TVC Holdings has said that it will continue to look for acquisition and investment prospects, in the €10m-€20m range, despite seeing a dearth of opportunities of late.

Shareholders formally approved TVC’s previously mooted special dividend payment plan yesterday, which will see €50m of surplus cash returned to investors.

Speaking after the firm’s AGM and EGM in Dublin, yesterday, TVC’s executive chairman, Shane Reihill said that “the maximisation of shareholder value” continues to be the company’s main ethos.