Ranger Direct Lending Fund PLC IFRS Implementation (1248G)
February 27 2018 - 10:06AM
UK Regulatory
TIDMRDL
RNS Number : 1248G
Ranger Direct Lending Fund PLC
27 February 2018
27 February 2018
Ranger Direct Lending Fund PLC
(The "Company")
IFRS IMPLEMENTATION FOR RANGER DIRECT LENDING FUND PLC
IFRS 9 requires companies to make provisions based on future
expected losses across their entire loan portfolio. Given the
methodology the Company has applied in the past when interpreting
IAS 39, the preliminary calculations as performed and reviewed by
the Investment Manager and Fund Administrator implementing the new
IFRS 9 standards show that any impact of the new standard will be
immaterial for the Company. It should be noted that all IFRS 9
calculations will not be deemed final until completion of the 31
December 2017 audit.
For further information about this announcement contact:
Link Company Matters Limited
Secretary +44 (0)1392 477 510
Ranger Alternative Management II, via Redleaf Communications
LP
Scott Canon
Bill Kassul
Liberum
Joshua Hughes +44 (0)20 3100 2000
Media enquiries
Redleaf Communications +44 (0)20 3757 6865
Elisabeth Cowell ranger@redleafpr.com
Robin Tozer
LEI: 549300VGZSKYQ7C2U221
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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