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TOUCH VENTURES LIMITED AGM Information 2026
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AGM Information
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touchventures
14 May 2026
ASX ANNOUNCEMENT
2026 Annual General Meeting Presentation
Touch Ventures Limited (Touch Ventures or the Company) attaches a presentation given by Director Glenn Poswell at the Company's 2026 Annual General Meeting.
-- ENDS --
This announcement has been authorised for release to the ASX by the Touch Ventures Board of Directors.
About Touch Ventures
Touch Ventures Limited (Touch Ventures) is an ASX-listed investment holding company. We provide growth capital to high growth, scalable businesses.
Contact details
For further information, please visit our investor website https://investors.touchventures.com or contact Investor Relations at [email protected]
Important Notice
Touch Ventures Limited ACN 612 559 958 (ASX: TVL) has prepared the information in this announcement. This announcement has been prepared for the purposes of providing general information only. It does not constitute an offer, invitation, solicitation or recommendation regarding the purchase or sale of any securities in TVL, nor does it constitute a financial product or investment advice, nor take into account your investment, objectives, taxation situation, or financial situation or needs. Any investor must not act based on any matter contained in this announcement in making an investment decision but must make its own assessment of TVL and conduct its own investigations and analysis. Past performance is not a reliable indicator of future performance.
B O'Brien Street
Bondi Beach NSW 2026
ABN 96 612 559 950
touchventures.com
A S X : T V L
Touch Ventures Limited
Annual General Meeting
May 2026
Disclaimer
The material in this presentation has been prepared by Touch Ventures Limited ("Touch Ventures") ABN 96 612 559 958 and is general background information about Touch Ventures' activities current at the date of this presentation. The information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information should not be considered as advice or a recommendation to investors or potential investors and does not take into account investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate.
Persons needing advice should consult their stockbroker, solicitor, accountant or other independent financial advisor.
The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.
This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.
Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Touch Ventures' current expectations, estimates and projections about the industry in which Touch Ventures operates, and beliefs and assumptions. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Touch Ventures, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Touch Ventures cautions investors and potential investors not to place undue reliance on these forward-looking statements, which reflect the view of Touch Ventures only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Touch Ventures will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.
TOUCH VENTURES LIMITED - ASX: TVL - ANNUAL GENERAL MEETING 2026
01 · INTRODUCTION
A year of reset, rebuild and renewed focus
2025 marked an important new chapter for Touch Ventures with the appointment of Gannet Capital as investment manager
| $77.7M
Net Tangible Assets | $26.7M
Net Cash | $51.0M
Investment portfolio |
| --- | --- | --- |
| ~47%
Share price discount to NTA | 34%
of NTA in Net Cash | 66%
of NTA in investment portfolio |
NTA and share price metrics as at 30 Apr 2026
I Strong capital deployment discipline.
Curated investment engine and prudent risk management in place. Capital deployment has been disciplined and evaluated against a high bar.
II Building a quality concentrated portfolio.
Under our core investment mandate, we are carefully building a portfolio of meaningful positions in potentially category-defining companies with global reach.
III Network deal flow, off-market.
Our unique deal flow is characterised by highly selective, relationship-driven access to opportunities, co-investing alongside world-class investors.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
COMPANY BACKGROUND
Touch Ventures is an investment holding company providing growth and venture capital to high growth, scalable businesses
AT A GLANCE
We inherited a discount | Investing into premium quality
- Structure: Listed Investment Company
- Cheque size: Typically $3m – $10m initial investment
- Broad mandate: Live experiences, healthtech, eComm, AI application, fintech, software
- Stage: Primarily later-stage venture capital and growth capital
- Anchor: Gannet Capital ~20% shareholder and investment manager
Access to global investment opportunities
One of the only investment vehicles providing investors exposure to a curated book of US, Australian and international growth-stage private companies.
Platform for differentiated deal flow
Access to proprietary deal flow through Gannet Capital, an investment firm managing assets on behalf of ~400 private investors and leading family offices, across 15 investment vehicles spanning VC, equities and private markets.
Balance-sheet strength
TVL Net Cash of $26.7m (34% of NTA) provides a substantial deployable capital base to pursue promising opportunities we are seeing globally.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
COMPANY BACKGROUND
Differentiated network behind the portfolio
STRATEGIC ANCHOR
Gannet Capital
Largest shareholder · 20.2% stake
- ~15-year operating history, spanning venture capital, public equities and private markets
- ~400 private and family-office investors across 15 investment vehicles, but with a predominant focus on managing TVL
- Proprietary deal flow across Australia, US and other international markets
- Fully-aligned as TVL’s largest shareholder and investment manager
CO-INVESTORS IN OUR PORTFOLIO
-
MARI – Ari Emanuel and Mark Shapiro
Apollo, RedBird, QIA, HSG, IMI Media Group, Ares Management, a16z Growth ++ -
Reshop – Anthony Eisen
Matrix Partners, Sound Ventures, Mantis VC, Woodson Capital, Afterpay’s co-founders ++ -
Hone Health – Saad Alam and Stuart Blitz
MarcyPen, Tribe Capital, PIF, Republic Capital, FJ Labs, Looking Glass Capital ++ -
Tixel – Zac Leigh, Jason Webb and Denis Mysenko
Alberts Impact Ventures, UNIFIED Music Group, Galileo Ventures, TEN13, Aura Capital ++
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
INVESTMENT ENGINE
Investment framework built for long term success
| ### 01 FEWER, BETTER
Concentrated portfolio
A portfolio built around fewer, higher-quality opportunities. We back scalable, capital-efficient growth businesses with thematic tailwinds. | ### 02 RISK-REWARD
Asymmetric profile
Opportunities where the return potential is significantly higher than the downside risk being underwritten. | ### 03 OPERATORS
Exceptional teams
We back exceptional founders and management running category-defining, strategically relevant businesses. | ### 04 VALUATION
Disciplined entry
Exercise entry-point discipline. TVL maintains a strong cash balance and is positioned to act with conviction for the right opportunities. |
| --- | --- | --- | --- |
2026 & beyond – actively manage, selectively deploy, build for compounding.
- 01 Actively manage historical portfolio, focus on value preservation and driving opportunistic cash realisations
- 02 Selectively deploy capital into high-conviction opportunities sourced via the global network
- 03 Discipline around portfolio construction, valuation and position sizing
- 04 Build a portfolio capable of achieving long-term compounding returns
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
INVESTMENT ENGINE
Deal flow summary
TVL Quarterly Deal Flow
New Deal Inflows by Stage
New Deal Inflows by Sector
TOUCH VENTURES LIMITED - ASX: TVL - ANNUAL GENERAL MEETING 2026
06 · DEAL FLOW
A high pass rate is a sign of standards
~150
Credible deals assessed in 2025
A small handful committed
We are not in a race to be fully invested. We are in a race to own the right things at the right price.
HOW DEALS REACH US
Network referrals
Family-office co-investors, lead institutional partners, founder introductions.
Inbound from operators
Founders we have backed before, or who have been pointed to us by people we trust.
Selective outbound
On theses we have researched, not on whatever happens to be raising this quarter.
What we do not chase
Competitive auctions, overpriced rounds.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
07 · CLOSING THE GAP
Share price deeply undervalues our asset base
| $77.7M
Net Tangible Assets
as at 30 April 2026 | 10.9¢
NTA per share
vs. share price 5.8¢ | ~47%
Share price discount
to stated NTA | $26.7M
Net Cash position
34% of NTA |
| --- | --- | --- | --- |
NTA COMPOSITION
- Investment Portfolio ($51.0M)
- Net Cash ($26.7M)
The market is pricing us well below our asset value
At current prices, the portfolio is being valued at a circa 50% discount despite comprising category-defining companies across fintech, marketplaces, global experiential assets and digital health platforms.
Unique, hard-to-replicate assets led by visionary founders
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
CLOSING THE GAP
Share price vs. NTA per share — A Closable Gap
HOW WE CLOSE THE GAP
-
Portfolio realisations
Actively manage the portfolio and drive opportunistic realisations to replenish our capital base -
Continue our disciplined capital deployment
Under our curated investment engine, we will selectively deploy to the top new deals we see and attractive follow-on investment rounds -
Enhanced visibility
Enhance our disclosure framework and provide better look-through / visibility of our portfolio via our monthly updates and regular reporting -
Active governance
Board and Observer rights with portfolio companies. Gannet Capital as a long-term shareholder and investment manager is aligned with all shareholders – and relentlessly focused on value-creation
TOUCH VENTURES LIMITED - ASX: TVL - ANNUAL GENERAL MEETING 2026
INVESTMENT SPOTLIGHT — MARI
MARI – Live events & experiences platform spanning international tennis, art, theatre, running and lifestyle
INVESTMENT SNAPSHOT
New US$2bn+ global events and experiences company
| INVESTED | AMOUNT | CARRYING VALUE |
|---|---|---|
| Sep 2025 | US$10m | US$10m |
| STAGE | GEOGRAPHY | % OF NAV |
| Growth equity | Global | ~18.5% |
BUSINESS DESCRIPTION
Founded by Ari Emanuel (co-founder of Endeavor and TKO) and backed by Apollo, RedBird, QIA, Ares and others, MARI owns world-class assets including Madrid and Miami Tennis Open, Frieze’s international art fairs, Barrett-Jackson collector car auctions, UK’s Winter Wonderland, TodayTix, Melbourne Marathon, Bondi To Manly Ultra, Collect-A-Con and others.
WORLD-CLASS PORTFOLIO ASSETS
miami open
MUTUA
PADRID
OPEN
Barrett-Jackson
THE WORLD-CLASSY COLLECTOR CAR AUCTION
FRIEZE
ART
FAIR
MELBOURNE
MARATHON
FESTIVAL
ESCAPE
FROM ALCATEA2™ TRIATRON
BONDITO
MANLY
ULTRA™
todaytix
bucketlisters
COLLECT-A-CON
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
INVESTMENT SPOTLIGHT - MARI
MARI – Investment thesis and recent highlights
INVESTMENT THESIS
- Visionary Operator Led by Ari Emanuel (architect of Endeavor and TKO) and Mark Shapiro, bringing unrivalled execution and network in premium events
- Trophy Tennis Assets Anchored by Miami Open and Madrid Open tennis assets – 2 of only 3 privately-owned ATP Masters 1000/WTA 1000 events in the world
- Proven Earnings Growth Recent marquee acquisitions TodayTix, Bucket Listers and Collect-A-Con add to MARI’s significant earnings base and growth engine
- Global Platform Diversified exposure across tennis, contemporary art (Frieze), collector car auctions (Barrett-Jackson), IMG and high-attendance lifestyle events
- Platform Benefits Best-in-class management platform driving value via centralised sponsorship, media rights, hospitality and new revenues optimisation
- High-Margin, Cash-Generative Portfolio of high margin and cash flow conversion businesses
- Structural Tailwinds Capitalising on shift to live experiences, strong demand for premium in-person entertainment. AI-proof bet – consumers are social beings
- Institutional Backing Backed by top tier global co-investors including Apollo, RedBird, QIA, HSG, IMI Media Group, Ares, a16z Growth and other investors
RECENT HIGHLIGHTS
OCT 2025
Acquired digital ticketing platform TodayTix (>20m members) + IMG’s Arts & Entertainment and Action Sports portfolios. Announced launch of Frieze Abu Dhabi.
NOV 2025
Melbourne Marathon Festival sees unprecedented demand, with over 52k runners entering the ballot.
JAN 2026
Acquired majority stake in events discovery platform Bucket Listers that operates across 20 US cities, with 21m followers and 2.5 billion annual impressions.
APR 2026
Acquired collectibles event Collect-A-Con, which holds events celebrating trading cards, anime, gaming and pop culture across the US with over 500k annual attendees.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
INVESTMENT SPOTLIGHT — HONE HEALTH
Hone Health – Leading US healthtech platform focused on proactive longevity and holistic care
INVESTMENT SNAPSHOT
Personalised longevity healthcare
| INVESTED | AMOUNT | CARRYING VALUE |
|---|---|---|
| Mar 2026 | US$2m | US$2m |
| STAGE | GEOGRAPHY | % OF NAV |
| Later-stage | US | ~3.7% |
| VC |
BUSINESS DESCRIPTION
Founded by Saad Alam (CEO) & Stuart Blitz (COO), Hone Health provides diagnostic testing, clinical consultations, personalised treatment plans (incl. medications shipped directly) and continuous longitudinal support – To help American men and women take control of their health and live more energised lives.
HONE HEALTH’S ORCHESTRATION PLATFORM
| TREATMENT | Hormone, weight-loss, sexual function, hair, cellular health + |
|---|---|
| AI-ASSISTED CONSULTS | AI flags treatment options; Physicians in control |
| PARTNER DIAGNOSTICS | Bloodworks, MRI and DEXA body scans |
| PERSONALISED CARE | Delivered by clinicians, care team & tech partners |
Product vertical expansions drives margin and lifetime value as members layer on diagnostics & treatments over time
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
INVESTMENT SPOTLIGHT — HONE HEALTH
Hone Health – Investment thesis and recent highlights
INVESTMENT THESIS
-
Large & Growing Market
US longevity market estimated at >US$6bn with expansion driven by demographics, shift to preventive care and tech-enabled delivery -
Proven Scale
Significant revenue (>US$100m as reported in third-party media) and operating scale having tested over 400,000 patients and treated over 65,000 to date -
Experienced Founders
Led by founders with prior successful healthcare exits and deep US domain expertise across telehealth and med-tech -
Multiple Growth Levers
Customer lifetime value and new customer growth via expanding product lines – Hormones, female health, weight-loss, sexual function, cellular health, longevity + more -
Asymmetric Profile
We believe the investment has a combination of a clear growth path, telehealth category tailwind, proven traction and managed downside risks
RECENT HIGHLIGHTS
- FEB 2026
Company launched bold national media campaign “Death to Midlife” with full-page open letter in The New York Times and immersive pop-up at Grand Central Terminal.
Appointed Ashley Camerini (ex Rumble CEO and Barry’s) as Head - Strategic Growth Initiatives.
-
MAR 2026
Published health research highlighting the growing motivation of adults to actively manage their health. Among ~1,000 adults aged 35-65 surveyed, 71% believe their best years are ahead or happening right now, showing the strong sense of opportunity and control over their health. -
APR 2026
Announced new partnership and integration with BodySpec to offer DEXA scans and within Hone Health’s personalised longevity operating system
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
PORTFOLIO UPDATES
Concentrated, thesis driven, but geographically spread
Our investment portfolio has a global footprint – We have a bias for companies with global growth opportunities
TOUCH VENTURES LIMITED
ASX: TVL
ANNUAL GENERAL MEETING 2026
PORTFOLIO UPDATES
Reshop
Carrying value US$6.6m | 11.9% of NAV
Anthony Eisen – Full time CEO (& co-founder of Afterpay) is leading this US retail technology company powering instant customer refunds, making returns more valuable for shoppers and retailers
Recent Updates
- Loop Returns strategic partnership – merchants seeing 4x higher repurchase rate, 10% faster customer repurchase rate, lower refund-related customer support, 29% average shopper adoption
- Strong pipeline of iconic fashion brands e.g. recently went live with Cult Gaia for seamless instant refund experience
- Authentic Brands Group (50+ global brands, US$32B retail volume) merchant partnership
- Rapidly growing refund volumes
Select Merchants
tixel
Carrying value $4.9m | 6.3% of NAV
Live entertainment ticket resale platform helping fans buy or sell tickets securely across Australia, UK and US
Recent Updates
- Recognised by Fast Company as Most Innovative Companies 2026 in events, concert and live experience category
- Finalist for UK Ticketing Company of the Year at Music Week Awards 2026 – validation since UK entry in 2021
- Launched US expansion – working with Burning Man Project, Capitol Hill Block Party, Gorillaz
- Key executive hires including Chief Product Officer and Global Director of Marketing to support growth
Select Partners
TOUCH VENTURES LIMITED
ASX: TVL
ANNUAL GENERAL MEETING 2026
PORTFOLIO UPDATES
preezie
Carrying value $4.5m | 5.8% of NAV
AI-shopping assistant and guided selling platform reshaping the customer experience for major retailers
Recent Updates
- Recent merchant case studies – Arc’teryx ($500k incremental revenue attributed to AI over 6mths), PUMA (3x higher conversion vs. search)
- AI-engaged shoppers converting 85%-110% higher and spending 2x longer time on site
- Now preferred AI shopping partner across 50+ merchants worldwide; Expanded North American sales team
- Featured in Australian retail publication Inside Retail
Select Merchants
refundid
Carrying value $4.3m | 5.5% of NAV
Instant refunds, exchanges and returns management eCommerce platform operating in Australia and US
Recent Updates
- Surpassed 300+ merchants and over 600k consumer accounts in Australia and US in 2025
- Merchants seeing up to 60%+ uplift in repurchases post-return
- Recent new feature launches – Refundid In-Store (seamless, omni-channel returns UX for shoppers), Refundid Scan (one-tap application to help warehouse teams process returns up to 2x faster)
- Successful Apparel21 strategic partnership integration driving merchant growth
Select Merchants
TOUCH VENTURES LIMITED
ASX: TVL
ANNUAL GENERAL MEETING 2026
PORTFOLIO UPDATES
SUGAR CAPITAL
Carrying value US$2.1m | 3.8% of NAV
Sugar Capital is a San Francisco based early-stage VC firm investing in consumer and technology
Recent Updates
- Fund investment – Committed US$1.5m into Sugar Capital Fund I in 2021
- Sugar Capital recently exited its investment in fast-growing gummy supplement consumer brand Grüns, to Unilever reportedly for ~US$1.2bn
- Recently Brian Sugar (Founder & Managing Partner) shared investment reflections for the Sugar Capital funds “The Year We Remembered What Matters”. It referenced 2025 traction on Fund I investments, for example:
- Feastables (snack brand backed by YouTube star MrBeast)
- Hello Cake (personal wellness brand)
- Snif (fine fragrance and scented candle brand)
- Starface (medical acne treatment brand)
Skalata
Carrying value $2.1m | 2.6% of NAV
Skalata Ventures is a Melbourne based early-stage VC firm focused on Australian start-ups
Recent Updates
- Fund investment – Committed $1.0m into Skalata Fund II in 2021, and a further $1.0m into the fund manager entity
- Skalata Fund II recently exited its investment in Doohly, an Australian start-up building a content management system for the digital out-of-home advertising sector. TVL received a cash distribution in early May 2026 in relation to this transaction
- The fund is active in deploying follow-on capital to support companies that demonstrate traction, and is also working with the portfolio to build towards further exits
Our fund positions in Sugar Capital and Skalata are network investments that expand our deal flow and access to emerging companies, as well as offering equity exposures to credible and talented investment teams.
To complement our core later-stage investment mandate, we are open to and are actively assessing early-stage opportunities originated from our relationship networks and with a particular bias for the AI-application layer (but only on a selective basis and will be a small part of our portfolio)
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
THE CAPITAL FLOW
AI share of global venture investment – a fundamental shift in capital flow
Source: OECD / Preqin (Feb 2026), Crunchbase (Apr 2026)
IMPLICATIONS FOR TVL
We do not need to invest in a frontier lab to benefit.
Our target investment sectors include AI-application layer, healthtech, eCommerce enablement technology, fintech, SaaS and live experiences.
AI-native and enabled technology companies will be an area where substantial value accrues.
Our portfolio companies are driven by AI-native products and/or AI-enabled workflows on top of their vertical specialisation and proprietary operating data and know-how.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
HOW OUR PORTFOLIO IS AI-POSITIONED
Our portfolio companies are well positioned
| Company | Overview | First invested | Carrying Value | NTA per share ($) | % of NAV |
|---|---|---|---|---|---|
| MARI | MARI is a global events and experiences company which owns a portfolio of assets across sport, entertainment, art and lifestyle events. | 2025 | US$10.0m / A$14.1m | 0.020 | 18.1% |
| Reshop | Reshop is a US retail technology company on a mission to make returns more valuable for shoppers and retailers by powering instant customer refunds. | 2024 | US$6.6m / A$9.3m | 0.013 | 11.9% |
| tixel | Tixel is a live entertainment ticket resale platform, helping fans to buy or sell tickets for a large variety of live events. | 2024 | A$4.9m | 0.007 | 6.3% |
| preezie | Preezie is an Australian eCommerce technology company that provides an AI-shopping assistant and online guided selling customer engagement platform. | 2021 | A$4.5m | 0.006 | 5.8% |
| Ordermentum | Ordermentum is a digital ordering and payments platform for the wholesale food and beverage industry. | 2023 | A$4.3m | 0.006 | 5.6% |
| refundid | Refundid is an eCommerce platform which provides instant refunds and exchanges to shoppers and returns management portal for merchants. | 2021 | A$4.3m | 0.006 | 5.5% |
| HONE | Hone Health is a US telehealth clinic focused on proactive longevity, physician-led holistic care and AI-powered insights. | 2026 | US$2.0m / A$2.8m | 0.004 | 3.6% |
| Early Stage Portfolio | Early-stage investments limited to 5% of the Touch Ventures portfolio. | A$1.8m | 0.002 | 2.3% | |
| Strategic Investments | Investments that strengthens Touch Ventures local and global network. | ||||
| Sugar Capital | Sugar Capital Fund I is managed by Sugar Capital, a San Francisco based seed-stage VC firm investing at the intersection of technology and commerce. | 2021 | US$2.1m / A$3.0m | 0.004 | 3.8% |
| Skalata | Skalata Fund II is managed by Skalata Ventures, a Melbourne based early-stage VC firm focused on Australian start-ups. | 2021 | A$2.1m | 0.003 | 2.6% |
| Total Portfolio Value | A$51.0m | 0.071 | 65.6% | ||
| Net Cash | A$26.7m | 0.038 | 34.4% | ||
| Total Net Asset Value / NTA per share | A$77.7m | 0.109 | 100.0% |
NTA and share price metrics as at 30 Apr 2026. The exited Ordermentum minority investment position will be reflected in the May 2026 NTA statement.
TOUCH VENTURES LIMITED - ASX: TVL - ANNUAL GENERAL MEETING 2026
PRIORITIES — THE NEXT 12 MONTHS
Four priorities to close the value gap
01 Disciplined investment
Selectively deploy into 3-5 high-conviction rounds annually: AI-enabled, digital health, eCommerce, fintech etc. Typical initial ticket size $3m-$10m, leaning on network relationships on new deals and attractive follow-on rounds.
02 Active portfolio governance
Board / observer rights, or founder-advisory engagement on material investment holdings where relevant. Rigour on growth, capital efficiency, cash runway and quality of team. Gannet Capital as a large shareholder and investment manager is strongly aligned with all shareholders.
03 Portfolio realisations
Actively manage the historical portfolio and drive opportunistic realisations to add to our cash balance.
04 Enhanced visibility
Continue to provide better look-through and understanding of our portfolio via transparent monthly NTA reporting, considered capital-management measures. All designed to help drive convergence of share price and NTA.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026
IN CLOSING
A listed vehicle — built to compound.
We thank our shareholders for their patience, our team for their execution, and our portfolio founders for the work they do every day. Our next chapter is one we intend to write with continued energy, ambition and discipline.
Thank you.
TOUCH VENTURES LIMITED · ASX: TVL · ANNUAL GENERAL MEETING 2026