Source - LSE Regulatory
RNS Number : 4074R
VPC Specialty Lending Invest. PLC
29 June 2020
 

29 June 2020

 

VPC Specialty Lending Investments PLC

(the "Company")

PORTFOLIO UPDATE

 

Earlier today the UK subsidiary of Elevate (NYSE: ELVT) was placed into administration by its board of directors. This subsidiary represents less than 5% of Elevate's overall business. The direct investment exposure of the UK subsidiary of Elevate in the Company as at 31 May 2020 was 1.2% of NAV. The Company's investment is fully secured by Elevate UK assets and benefits from a guarantee from the Elevate US parent company. We expect no impact on NAV or future performance as a result of this announcement.

 

For additional information, see Elevate's press release: https://www.elevate.com/newsroom-article.html?article=elevate-credit-exit-uk-market

 

 

Enquiries

For further information, please contact:

 

Victory Park Capital

Brendan Carroll (Senior Partner and Co-Founder)

Gordon Watson (Partner)

via Jefferies or Winterflood (below) info@vpcspecialtylending.com



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.

 

LEI: 549300UPEXC5DQB81P34

 

 


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