Result of Meeting

VPC Specialty Lending Invest. PLC

12 June 2023

 

12 June 2023

VPC Specialty Lending Investments PLC

  Results of the 2023 General Meeting

The Board of VPC Specialty Lending Investments PLC ("VSL" or the "Company") announces that, at the General Meeting of the Company held on 12 June 2023, the resolutions put to the meeting were approved by shareholders.  Details of the proxy votes lodged are set out below

Ordinary Resolution	For*	Against	Withheld**
1.     To adopt the proposed New Investment Policy	143,530,484	2,012,962	8,099,900
2.     To amend the terms of the Investment Management Agreement	83,042,929	66,210,261	4,390,156

The Board engaged with shareholders during the period ahead of the General Meeting and is aware of the concerns raised by certain shareholders who voted against resolution 2. Notwithstanding this, the Board notes that a majority of those voting supported the resolution, and the Board continues to consider that the resolution is in the best interests of the Company and its shareholders as a whole. Neither the investment manager nor SVS Opportunity Fund, L.P. (a 20.2% shareholder) voted on resolution 2.

The full text of the resolutions may be found in the Notice of General meeting contained in the Circular to Shareholders dated 16 May 2023, copies of which are available on both the Company's website https://vpcspecialtylending.com/ and on the National Storage Mechanism, where it will be available for inspection at:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism.***

*              Includes discretionary votes received

**           A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

***         Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

Enquiries

VPC Specialty Lending Investments PLC Graeme Proudfoot Victory Park Capital Gordon Watson Sora Monachino	via Jefferies or Winterflood (below) via Jefferies or Winterflood (below) [e-mail]
Jefferies International Limited	Tel: [phone]
Stuart Klein
Gaudi le Roux
Winterflood Securities Limited	Tel: [phone]
Joe Winkley
Neil Morgan
Montfort Communications	[phone]/[phone]
Matthew Jervois/Gay Collins	[e-mail]

Link Company Matters Limited

Secretary

LEI: 549300UPEXC5DQB81P34

 

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