ICG-Longbow Senior - Change of Management Arrangements

ICG Longbow Senior Secured UK Property Debt Investments

25/11/2020 07:00

RNS Number : 3918G

ICG-Longbow Snr Sec UK Prop DebtInv

25 November 2020

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

25 November 2020

ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)

Change of management arrangements

 

As set out in the interim report for the six months ended 31 July 2020, subject to regulatory approval, the Board of Directors resolved to appoint ICG Alternative Investment Limited as the Company's external discretionary investment manager under the Alternative Investment Fund Managers Directive (AIFMD).

Regulatory approval has now been granted and the Board is pleased to announce the Company has appointed ICG Alternative Investment Limited as external discretionary investment manager.

Previously the Company was internally managed by the Board, after receiving advice from Intermediate Capital Managers Limited (an affiliate of ICG Alternative Investment Limited), under the terms of a non-discretionary investment advisory agreement. This agreement has now been terminated. The fees payable to ICG Alternative Investment Limited under the new arrangements are at the same rate as those previously payable to Intermediate Capital Managers Limited.

The transition from being internally-managed to being externally-managed also requires the Company to appoint a depositary, and accordingly Ocorian Depositary (UK) Limited has been appointed depositary to the Company.

 

For further information, please contact:

Ocorian Administration (Guernsey) Limited:
Rosemary Osborne-Burns
+44 (0)14 8174 2742
Cenkos Securities plc:
Will Rogers
Rob Naylor
Will Talkington
+44 (0)20 7397 1920
+44 (0)20 7397 1922
+44 (0)20 7397 1910
Maitland/AMO Limited:
icg-maitland@maitland.co.uk
Sam Turvey
Finlay Donaldson
+44 (0) 7827 836 246
+44 (0) 7341 788 066
ICG Real Estate:
Olivia Montgomery
+ 44 (0)20 3545 1543

 

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