REG - VPC Specialty - Reappointment of PwC

VPC Specialty Lending InvestmentsAnnouncement

29/10/2024 10:45

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RNS Number : 0652K  VPC Specialty Lending Invest. PLC  29 October 2024

29 October 2024

 

VPC Specialty Lending Investments PLC

(the "Company")

 

Reappointment of PricewaterhouseCoopers LLP ("PwC")

 

 

The company announces that a resolution to reappoint PwC will be put to the
next Annual General Meeting of the Company scheduled for June 2025.

 

In accordance with the Companies Act 2006, the Company commenced an audit
tender process in August 2024 for the year ended 31 December 2025.  Four
firms, including PwC were invited to participate in the tender with a view to
a final selection by the Audit and Valuation Committee being made in October
2024 and a recommendation to the Board being made in November 2024.  The
assessment criteria for the firms was based on quality of audit, and in
particular on understanding of the business, including the approach to the
audit of asset backed lending and unlisted equities, and the coordination of a
multi-location audit.  A fee quote was requested.  During the course of the
process, it became clear that because the Company is in wind-down, the firms
other than PwC did not want to put themselves forward for the appointment.
The Company therefore applied to the Financial Reporting Council for an
extension to the maximum duration of PwC's engagement to cover the years
ending 31 December 2025 and 2026, in accordance with a procedure provided for
in the Companies Act 2006.  This extension was granted on 23 October 2024.

 

Enquiries

For further information, please contact:

 

 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 asset-backed lending to emerging and established
businesses with the goal of building long-term, sustainable income generation.
The Company identifies investment opportunities across various industries and
geographies to offer shareholders access to a diversified portfolio of
opportunistic credit investments originated by non-bank lenders with a focus
on the rapidly developing technology-enabled lending sector.

 

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

 

LEI: 549300UPEXC5DQB81P34

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