RDL Realisation PLC Portfolio Update (7843M)

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RNS Number : 7843M

RDL Realisation PLC

25 January 2021

25 January 2021

   RDL  Realisation   Plc 

("RDL" or the "Company")

Portfolio Update

The Company today provides the following update on its investment portfolio as of 31 December 2020.

All figures   are unaudited and based on  management accounts. 

The table below is an unaudited summary of the Company's investment portfolio and cash position as of 31 December 2020:

 
     Platform                            31/12/2020           30/11/2020 
                                        (USD million)        (USD million) 
 
     SME/CRE Loans Platform                 $4.1                 $4.1 
     Vehicle Services Contract 
      Platform                              $3.7                 $0.2 
     Real Estate Loans Platform             $7.8                 $7.8 
     International SME Lending 
      Platform                              $0.4                 $0.4 
 
 
     Portfolio Total                       $16.0                $12.5 
 
     Cash held by RDL                           $ 6.9                $ 6.9 
 
     Grand Total                                $22.9                $19.4 
 

Significant Events during December 2020:

The Vehicle Services Contract Platform has experienced financial improvement during the year. As a result of this improvement an increase in value, as determined by a third party, was $3.7 million USD as of 11 December 2020, representing a gain of approximately $3.6 million USD.

Approximately $130,000 USD was collected from the platforms during December, including collection of approximately $63,000 USD, representing a principal payment from the Vehicle Services platform.

On 10 December 2020 the Directors of the Company declared a special dividend of GBP0.16 per ordinary share (equivalent US$0.21 per ordinary share) (the "Special Dividend"). The Special Dividend was paid on 15 January 2021 to shareholders on the register as of 18 December 2020. The ex-dividend date was 17 December 2020. The Company has elected to designate all of the Special Dividend as a dividend distribution to its shareholders.

Significant Events since 31 December 2020:

At a General Meeting of the Company held on 12 January 2021, shareholders approved a resolution to apply for the cancellation of the listing of the Shares to the premium segment of the Official List and to trading on the Main Market for listed securities.

It is anticipated that the listing of the Shares on the premium segment of the Official List and their admission to trading on the Main Market for listed securities will be cancelled with effect from 8:00am on 10 February 2021.

   For  further   information,  please  contact: 
   Link   Company  Matters  Limited 
   Secretary                                        +44   (0)1392   477571 

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January 25, 2021 06:50 ET (11:50 GMT)