REG - RM Infrastructure RM SecDirect - RMDC - Portfolio Update

RM Infrastructure IncomeAnnouncement

15/01/2024 07:00

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RNS Number : 5900Z  RM Infrastructure Income PLC  15 January 2024

 RM Infrastructure Income Plc

 ("RMII" or the "Company")

 LEI: 213800RBRIYICC2QC958

 Portfolio Update

RMII provides an update on investment loan reference #68, a 79 beds student
 accommodation located in city centre of Coventry, UK - wholly owned by the
 Company.

 The Company has been pursuing a legal claim against the former main contractor
 since September 2022 via an adjudication process. On the 2(nd) of January
 2024, RMII was successfully awarded circa £1.2m by the adjudicator (or circa
 1 pence per ordinary share), with circa 90% of said sums now having been
 received in cleared funds.

 Thomas Le Grix de La Salle, Portfolio Manager for RMII "The RM Funds Team have
 been pro-actively working in recovering value for our shareholders, and after
 many months of hard work it is very pleasing to be able to deliver a positive
 outcome for our shareholders."

 For further information, please contact:

 RM Infrastructure Income
 PLC
 RMInfraCoSecmailbox@apexfs.group (mailto:RMInfraCoSecmailbox@apexfs.group)
 Norman Crighton

 Singer Capital Markers Advisory LLP
                                                     020
 7496 3000
 James Maxwell
 Asha Chotai

 

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