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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rdl Realisation Plc | LSE:RDL | London | Ordinary Share | GB00BW4NPD65 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 59.70 | 56.20 | 63.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRDL
RNS Number : 6692U
Ranger Direct Lending Fund PLC
20 January 2017
20 January 2017
Ranger Direct Lending Fund PLC
(the "Company")
Portfolio update - Argon Credit
Further to the Company's announcement on 22 December 2016 regarding the bankruptcy proceedings in respect Argon Credit, LLC and Argon X, LLC (together, "Argon"), the Company has been informed by the SME Credit Line Platform that its group has taken control of the collateral under the purview of the Bankruptcy Court, and initiated primary servicing. The collateral which is currently under their control includes underlying loans and associated receivables pledged to the SME Credit Line Platform pursuant to the credit facility between SME Credit Line Platform and Argon. Further proceedings are continuing in respect of the SME Credit Line Platform's claim that Argon has, in breach of the terms of its agreements with the SME Credit Line Platform, assigned a portion of the underlying collateral to an unapproved special purpose vehicle.
The Company will make a further announcement following the completion of the evaluation by the SME Credit Line Platform and its appointed servicer of the collateral received to date.
For further information about this announcement contact:
Capita Company Secretarial Services Limited +44 (0)20 7954 9531
Secretary
Ranger Alternative Management II, LP via Redleaf Communications
Scott Canon
Bill Kassul
Liberum Capital Limited +44(0)20 3100 2000
Media enquiries
Redleaf Communications +44 (0)20 7382 4730
Rebecca Sanders-Hewett
David Ison
IMPORTANT INFORMATION
All projections, estimates and views expressed on the outcome of the Argon bankruptcy proceedings involve significant elements of judgement and reliance on third party information which, in each case, may or may not prove to be correct. The actual outcome of any legal proceedings may be materially affected by new information coming to light following the date of this announcement. Any views contained herein are based on the Company's understanding of the relevant proceedings as of the date of this announcement.
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDLLFVTLDIALID
(END) Dow Jones Newswires
January 20, 2017 02:00 ET (07:00 GMT)
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