Circular and Notice of General Meeting

RNS Number : 7449G

RM Secured Direct Lending PLC

05 March 2018

 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

This announcement is an advertisement and not a prospectus. This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. Any investment decision must be made exclusively on the basis of the prospectus published by the Company.

5 March 2018

RM Secured Direct Lending Plc

("RMDL" or the "Company")

LEI: 213800RBRIYICC2QC958

Publication of Circular and Notice of General Meeting

RMDL, an investment trust specialising in secured debt investments, today announces it has published and posted a circular (the "Circular") to shareholders including a notice convening a general meeting (the "General Meeting" and "Notice of General Meeting") in anticipation of a proposed further issue of C Shares, an intermediaries offer, a 12 month share issuance programme and/or an issue of ZDP Shares. The Board is seeking authority to allot new Ordinary and/or C Shares (the "Shares") and to disapply the statutory pre-emption rights otherwise applicable to the allotment of such Shares, such that the Shares do not first have to be offered to Shareholders in proportion to their shareholdings. Furthermore, the Board are seeking an amendment to the existing Investment Policy.

The details of any proposed Share issue will be contained in a prospectus which it is currently anticipated will be published in the near future.

The General Meeting of the Company is to be held at the offices of Gowling WLG (UK) LLP, 4 More London Riverside, London SE1 2AU on 28 March 2018 at 11 a.m.

Defined terms used in this announcement shall, unless the context otherwise requires, have the same meanings as set out in the Circular.

Document Availability

The Circular will shortly be available for inspection at the National Storage Mechanism (http://www.morningstar.co.uk/uk/nsm), and also on the Company's website (https://rmdl.co.uk/) subject to applicable securities laws, and is available for viewing at the Company's registered office at Mermaid House, 2 Puddle Dock, London, EC4V 3DB.

Expected Timetable

Publication of Circular	5 March 2018
Latest time and date for receipt of Forms of Proxy or transmission of CREST Proxy Instructions for the General Meeting	11 a.m. on 26 March 2018
General Meeting	11 a.m. on 28 March 2018

For further information, please contact:

RM Funds - Investment Manager

James Robson

Pietro Nicholls

Tel: [phone]

Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and Broker

James Maxwell

James Hopton

Tel: [phone]

Tulchan Group - Financial PR

James Macey White

Elizabeth Snow

Tel: [phone]

International Fund Management Limited - AIFM

Chris Hickling   

Shaun Robert                                                            

Tel: [phone]

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Anthony Lee

Ciara McKillop

Tel: [phone]

About RM Secured Direct Lending

RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

For more information, please see https://rmdl.co.uk/investor-centre/

About RM Funds

RM Funds is a trading name of RM Capital Markets Limited ("RM"). RM is the Investment Manager to RM Secured Direct Lending PLC. RM specialises in alternative credit fund management, sales & trading, foreign exchange, and capital markets and advisory. Founded in 2010, with offices in Edinburgh, and London, it has transacted in excess of £50 billion of bonds and loans since its inception, and advised or originated, structured and managed the due diligence process for over £1 billion of Sterling credit transactions and approximately €700 million of Euro based transactions in each case since 2012.

 

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