REG - VPC Specialty - Update

VPC Specialty Lending InvestmentsAnnouncement

23/12/2024 11:45

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RNS Number : 1492R  VPC Specialty Lending Invest. PLC  23 December 2024

23 December 2024

VPC Specialty Lending Investments PLC

(the "Company")

 

UPDATE

 

As noted in the Company's half-yearly results announcement, the Company has
now completed the process of removing its currency hedges.  Net cash released
as a result which was being held against the potential for margin calls on the
hedges will be applied to reduce the Company's gearing.

In the September quarterly report the Company noted work being undertaken in
regard to the Razor Group following their business combination with Perch.
More details on this will be included in the December quarterly report, but
business performance over the last quarter has been poorer than anticipated
and it is currently expected that the year-end valuation of Razor will be
materially lower than at the last valuation point.

 

Enquiries

For further information, please contact:

 

 Victory Park Capital                              via Winterflood (below)

 Gordon Watson                                     info@vpcspecialtylending.com

 Sora Monachino

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

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

                                                   Email: VPC@linkgroup.co.uk

 

LEI: 549300UPEXC5DQB81P34

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