REG - VPC Specialty - Initial Return of Capital Exchange Ratio

VPC Specialty Lending InvestmentsAnnouncement

17/04/2024 16:30

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RNS Number : 0201L  VPC Specialty Lending Invest. PLC  17 April 2024

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO
SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL
REQUIREMENT OF SUCH JURISDICTION

17 April 2024

VPC Specialty Lending Investments PLC

Initial Return of Capital Exchange Ratio

On 9 April 2024, the Board of VPC Specialty Lending Investments plc (the
"Company") announced an initial distribution to shareholders of $15 million,
equivalent to approximately £11.9 million as at the date of release, through
the issue and redemption of B Shares.

Pursuant to the authority received from shareholders at the General Meeting on
5 April 2024, B Shares of 1 penny each will be issued to all Shareholders on
19 April 2024 by way of a bonus issue at a ratio of 4.26159039 new B shares
for each Ordinary Share held at the Record Date of 6:00 p.m. on 18 April
2024. The Redemption Date in respect of this initial return of capital is 25
April 2024. The B Shares will be redeemed at 1 penny per B Share. The
Company will not allot any fractions of B Shares and entitlements will be
rounded down to the nearest whole B Share. The proceeds from the redemption
will be sent to uncertificated Shareholders through CREST or via cheque to
certificated Shareholders on or around 10 May 2024.

Terms used and not defined in this announcement have the meanings given to
them in the circular to the Company's shareholders dated 15 March 2024.

 

Enquiries:

For further information please contact:

 VPC Specialty Lending Investments PLC             via Jefferies or Winterflood (below)

 Graeme Proudfoot

 Victory Park Capital                              via Jefferies or Winterflood (below) info@vpcspecialtylending.com

 Gordon Watson

 Sora Monachino

 Jefferies International Limited                   Tel: +44 20 7029 8000
 Stuart Klein
 Gaudi le Roux

 Winterflood Securities Limited                    Tel: +44 20 3100 0000
 Joe Winkley
 Neil Morgan

 Montfort Communications                           Tel: +44 (0)7717 857736

 Matthew Jervois                                   vpc@montfort.london

 Link Company Matters Limited (Company Secretary)  Tel: +44 20 7954 9567

                                                   Email: VPC@linkgroup.co.uk

 

About VPC Specialty Lending Investments PLC

VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed
investment trust focused on realising the Company's investments in an orderly
manner, that is, with a view to achieving a balance between returning cash to
Shareholders promptly and maximising value. The Company is focused on
asset-backed lending to emerging and established businesses with the goal of
building long-term, sustainable income generation. Asset backed lending
affords various structural protections and covenants which are designed to
limit downside risk while providing shareholders with strong income returns.

 

Further information on VPC Specialty Lending Investments PLC is available at:
http://vpcspecialtylending.com (http://vpcspecialtylending.com) .

 

LEI: 549300UPEXC5DQB81P34

 

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