REG - Vector Capital PLC - Increase in debt facilities and loan book update

Vector CapitalAnnouncement

10/01/2022 07:05

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RNS Number : 8390X  Vector Capital PLC  10 January 2022

This announcement contains Inside Information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).  Upon the publication of this
announcement this Inside Information is now considered to be within the public
domain.

10 January 2022

Vector Capital Plc

("Vector" or the "Group")

An increase in wholesale debt facilities and aggregate loan book update

Vector Capital Plc (AIM: VCAP), the commercial lending group that offers
secured loans primarily to businesses located in the United Kingdom, today
provides the following update on the Group's wholesale debt facilities and the
Group's aggregate loan book at 31 December 2021.

The Board is pleased to announce that the Group has increased its wholesale
bank debt facilities by £5.0 million, bringing the total wholesale debt
facilities available to the Group to £35.0 million.

The Group's aggregate loan book at 31 December 2021 was £46.3million, a 27.2%
increase over the Group's aggregate loan book at 31 December 2020 of
£36.4million.  This increase reflects: i) the Group's continuing strong
performance; ii) the successful deployment of the capital raised at the time
of admission of the Group's shares to trading on AIM in December 2020 and the
subsequent placing in June 2021; and iii) the debt finance facilities referred
to above.

Agam Jain, CEO of Vector commented: "We are delighted to provide an update on
the increase in wholesale debt facilities extended by our supportive banking
partners and the 27.2% annual increase in our aggregate loan book at 31
December 2021, consistent with the increasing demand for our loans generated
from an expanding introducer base."

Further enquiries:

 Vector Capital Plc

 Agam Jain                                                      +44 (0)20 8191 7615
 Allenby Capital Limited

 James Reeve / George Payne / Nick Naylor (Corporate Finance)   +44 (0)20 3328 5656

                                                              (https://www.google.com/search?q=allenby+capital&rlz=1C1CHBD_en-GBGB858GB858&oq=allenby+capital&aqs=chrome..69i57j46i175i199j35i39j69i59j0i20i263j0l2j69i60.3277j0j7&sourceid=chrome&ie=UTF-8)
 Tony Quirke (Sales and Corporate Broking)

                                                                www.allenbycapital.com (http://www.allenbycapital.com/)

Notes to Editors

Vector Capital Plc provides secured, business-to-business loans to SMEs based
in England and Wales. Loans are typically secured by a first legal charge
against real estate. The Group's customers typically borrow for general
working capital purposes, bridging ahead of refinancing, land development and
property acquisition. The loans provided by the Group are typically for
renewable 12-month terms with fixed interest rates.

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