THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION
17 April 2024
VPC Specialty Lending Investments PLC
Initial Return of Capital Exchange Ratio
On 9 April 2024, the Board of VPC Specialty Lending Investments plc (the "Company") announced an initial distribution to shareholders of $15 million, equivalent to approximately £11.9 million as at the date of release, through the issue and redemption of B Shares.
Pursuant to the authority received from shareholders at the General Meeting on 5 April 2024, B Shares of 1 penny each will be issued to all Shareholders on 19 April 2024 by way of a bonus issue at a ratio of 4.26159039 new B shares for each Ordinary Share held at the Record Date of 6:00 p.m. on 18 April 2024. The Redemption Date in respect of this initial return of capital is 25 April 2024. The B Shares will be redeemed at 1 penny per B Share. The Company will not allot any fractions of B Shares and entitlements will be rounded down to the nearest whole B Share. The proceeds from the redemption will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders on or around 10 May 2024.
Terms used and not defined in this announcement have the meanings given to them in the circular to the Company's shareholders dated 15 March 2024.
Enquiries:
For further information please contact:
| VPC Specialty Lending Investments PLC Graeme Proudfoot
| via Jefferies or Winterflood (below) |
| Victory Park Capital Gordon Watson Sora Monachino | via Jefferies or Winterflood (below) info@vpcspecialtylending.com |
| | |
| Jefferies International Limited | Tel: +44 20 7029 8000 |
| Stuart Klein | |
| Gaudi le Roux | |
| | |
| Winterflood Securities Limited | Tel: +44 20 3100 0000 |
| Joe Winkley | |
| Neil Morgan
Montfort Communications Matthew Jervois
|
Tel: +44 (0)7717 857736 vpc@montfort.london |
|
| |
| 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 realising the Company's investments in an orderly manner, that is, with a view to achieving a balance between returning cash to Shareholders promptly and maximising value. The Company is focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. Asset backed lending affords various structural protections and covenants which are designed to limit downside risk while providing shareholders with strong income returns.
Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com.
LEI: 549300UPEXC5DQB81P34
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