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