Investment holding company TVC told shareholders at its AGM today that its successful IPO had transformed it.

Executive Chairman Shane Reihill said the company's strategy is to build further value in its investment portfolio and to grow this portfolio with a 'limited number of significant new investments.'

'We continue to see opportunities to expand our business and, with cash and liquid investments in excess of €47m and no debt in the company, we believe that TVC Holdings is in a very strong position to deliver its strategy and maximise value for our shareholders', Mr Reihill told shareholders.