We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vpc Specialty Lending Investments Plc | LSE:VSL | London | Ordinary Share | GB00BVG6X439 | 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% | 48.00 | 47.80 | 48.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.29M | -22.12M | -0.0795 | -6.04 | 133.57M |
TIDMVSL
RNS Number : 2262G
VPC Specialty Lending Invest. PLC
25 May 2017
VPC Specialty Lending Investments PLC (the "Company")
INTRODUCTION OF PERFORMANCE FEE HURDLE
The Board of VPC Specialty Lending Investments Plc and the Investment Manager, Victory Park Capital Advisors, LLC ("VPC"), have agreed on the introduction of a performance hurdle in respect of the performance fees payable to the Investment Manager. With effect from 1 May 2017, the payment of any performance fees to the Investment Manager will be conditional on the Company achieving at least a 5.0% per annum total return for shareholders relative to a 30 April 2017 High Water Mark.
This new arrangement more closely aligns the performance incentive for the Investment Manager with the interests of the Company's shareholders. The Board and Investment Manager are confident that the 5.0% per annum total return threshold will be exceeded over the medium term, given the ongoing reallocation of capital from marketplace loans to balance sheet loans which, to date, have consistently generated higher returns with lower volatility.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Victory Park Capital Brendan Carroll (Senior via MHP Communications Partner and Co-Founder) (below) Gordon Watson (Partner, Investment Manager) Cormac Leech (Principal) Jefferies International Tel: +44 20 7029 Limited 8000 Gary Gould Andrew Morris Andrew Davison Stifel Nicolas Europe Limited Tel: +44 20 7710 7600 Neil Winward Mark Bloomfield Gaudi Le Roux MHP Communications Tel: +44 20 3128 8100 Tim Rowntree Email: vpc@mhpc.com Mark Lunn Kelsey Traynor
ABOUT VPC Specialty Lending Investments PLC:
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 U.S., U.K., Australia and Europe) and credit bands.
Since 2010, the Company's investment manager, VPC, has been actively involved in the specialty lending marketplace and has made more than $5.2 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: http://vpcspecialitylending.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUVVWRBBAVURR
(END) Dow Jones Newswires
May 25, 2017 04:58 ET (08:58 GMT)
1 Year Vpc Specialty Lending In... Chart |
1 Month Vpc Specialty Lending In... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions