REG - VPC Specialty - VPC Impact Acquisition Holdings Sponsor II, LLC

VPC Specialty Lending InvestmentsAnnouncement

14/03/2022 13:30

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RNS Number : 7048E  VPC Specialty Lending Invest. PLC  14 March 2022

VPC Specialty Lending Investments PLC (the "Company")

 Update Regarding its Holding in VPC Impact Acquisition Holdings Sponsor II,
LLC

 

The Company notes that on 14 March 2022, VPC Impact Acquisition Holdings II
(NASDAQ: VPCB) ("VPCB"), a special purpose acquisition company sponsored by
VPC Impact Acquisition Holdings Sponsor II, LLC ("VPC Sponsor"), an affiliate
of Victory Park Capital ("VPC"), and FinAccel, the parent company of Kredivo,
the leading AI-enabled digital consumer credit platform in Southeast Asia,
announced the mutual termination of their previously announced business
combination agreement. More information on the announcement can be found here
(https://www.sec.gov/Archives/edgar/data/0001840792/000119312522074165/d313258dex991.htm)
.

Through VPC Sponsor, the Company currently owns 1,029,833 Class B Shares and
833,529 private placement warrants in VPCB, held at an aggregate cost basis
of US$1.2 million. As at 31 January 2022, the total value of the Company's
investment in VPC Sponsor is US$7.5 million (1.8% of NAV).

VPCB is considering future options, including seeking an alternative business
combination. The parties have agreed that, in the event that VPCB is
liquidated, Kredivo shall issue a warrant with a nominal exercise price to
VPCB providing VPCB with the ability to acquire a stake equal to 3.5% of the
fully diluted equity securities of Kredivo.

The information contained in this announcement is inside information and is
price sensitive.

 

Enquiries

 

For further information, please contact:

 

 Victory Park Capital                               via Jefferies or Winterflood (below)

 Brendan Carroll (Senior Partner and Co-Founder)    info@vpcspecialtylending.com

 Gordon Watson (Partner)

 Jefferies International Limited                    Tel: +44 20 7029 8000
 Stuart Klein

 Neil Winward
 Gaudi le Roux

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

 Chris Mills

 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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