C Share Update

RNS Number : 3757N

VPC Specialty Lending Invest. PLC

29 January 2016

 

29 January 2016

VPC Specialty Lending Investments PLC

(the "Company")

C SHARE CONVERSION

The Board of Directors (the "Board") of VPC Specialty Lending Investments PLC (tickers: VSL and VSLC) announces that it has received notification from the Company's investment manager, Victory Park Capital Advisors, LLC, that in excess of 90 per cent. of the net proceeds of the issue of its existing C shares (which were admitted to trading on 2 October 2015) have been invested in accordance with the Company's investment policy.

The Board anticipates that conversion of the existing C shares will take place on 4 March 2016 following announcement of the 31 January 2016 net asset values ("NAVs") for each of the existing C shares and the existing ordinary shares at a ratio calculated on the basis of those NAVs and in accordance with the provisions of the Company's articles of association as described in the Company's prospectus published on 8 September 2015. New ordinary shares arising from the conversion of the existing C shares are expected to be admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market at 8.00am on 4 March 2016 with the record date for conversion being 5.30pm on 3 March 2016.

Further announcements will be made in due course.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Victory Park Capital Brendan Carroll (Partner and Co-Founder)	via Newgate (below)
Gordon Watson (Principal, Investment Manager)
Jefferies International Limited	Tel: [phone]
Gary Gould
Alex Collins
Newgate (PR Adviser)	Tel: [phone]
James Benjamin Alex Shilov Lydia Thompson	Email: [e-mail]

ABOUT:

VPC Specialty Lending Investments PLC invests in opportunities within the specialty lending market primarily through online lending platforms. The Company intends to generate an attractive total return for shareholders consisting of distributable income and capital growth via investments in a diverse portfolio of various platforms, asset classes, geographies (primarily US, Australia and Europe) and credit bands.

Since 2010, the Company's investment manager, Victory Park Capital, has been actively involved in the specialty lending marketplace and has made more than $4.1 billion of investments and commitments across a number of financial technology platforms, multiple geographies (U.S., U.K., Australia and Europe), products (consumer and business) and structures (whole loans and senior credit facilities).

Further information on VPC Specialty Lending Investments PLC is available at www.vpcspecialtylending.com.

IMPORTANT NOTICE

This announcement does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, Shares in any jurisdiction where such offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on the Company. The Shares have not been, and will not be, registered under the securities laws, or with any securities regulatory authority of, any member state of the EEA other than the United Kingdom, or any province or territory of Australia, Canada, the Republic of South Africa or Japan. Subject to certain exceptions, the Shares may not, directly or indirectly, be offered, sold, taken up or delivered in, into or from any member state of the EEA other than the United Kingdom, Australia, Canada, the Republic of South Africa or Japan or to or for the account or benefit of any national, resident or citizen or any person resident in any member state of the EEA other than the United Kingdom, Australia, Canada, the Republic of South Africa or Japan. This document does not constitute an offer to sell or a solicitation of an offer to purchase or subscribe for Shares in any jurisdiction in which such offer or solicitation is unlawful or would impose any unfulfilled registration, publication or approval requirements on the Company. The distribution of this document in other jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves of and observe any restrictions.

 

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