RM Secured Direct Lending PLC Result of Placing under Placing Programme (2396S)

TIDMRMDL TIDMTTM

RNS Number : 2396S

RM Secured Direct Lending PLC

08 March 2019

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, THE REPUBLIC OF IRELAND, AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement of the Placing under Placing Programme announcement released on 28 February 2019.

8 March 2019

RM Secured Direct Lending Plc

("RMDL" or the "Company")

Result of Placing under Placing Programme

LEI: 213800RBRIYICC2QC958

RMDL, an investment trust specialising in secured debt instruments, announces that, further to the announcement made on 28 February 2019, the Company has received commitments from investors for a total of GBP13.5 million (before costs and expenses) via the Placing.

Accordingly, an aggregate of 13,500,000 new Ordinary Shares have been issued and allotted conditionally upon admission at the Placing Price of 100 pence per Ordinary Share.

Applications have been made for admission of the new Ordinary Shares to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 11 March 2019.

Following Admission, the Company will have 112,224,581 Ordinary Shares in issue. Therefore, the total number of voting rights of the Company will be 112,224,581 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company.

For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Pietro Nicholls

Tel: [phone]

Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and Broker

James Maxwell

Lauren Kettle

Tel: [phone]

Tulchan Group - Financial PR

James Macey White

Elizabeth Snow

Tel: [phone]

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: [phone]

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Anthony Lee

Ciara McKillop

Tel: [phone]

About RM Secured Direct Lending

RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of bespoke, higher-yielding secured debt instruments.

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

For more information, please see https://rmdl.co.uk/investor-centre/

About RM Funds

RM Funds is a trading name of RM Capital Markets Limited ("RM"). RM is the Investment Manager to RM Secured Direct Lending PLC. RM specialises in alternative credit fund management, sales & trading, foreign exchange, and capital markets and advisory. Founded in 2010, with offices in Edinburgh, and London, it has transacted in excess of GBP50 billion of bonds and loans since its inception, and advised or originated, structured and managed the due diligence process for over GBP1 billion of Sterling credit transactions and approximately EUR700 million of Euro based transactions in each case since 2012.

Important Information

The content of this announcement has been prepared by, and is the sole responsibility of, RM Secured Direct Lending plc.

The distribution of this announcement and the Placing in certain jurisdictions may be restricted by law. No action has been taken by the Company or Nplus1 Singer Advisory LLP ("N+1 Singer") that would permit an offering of the Ordinary Shares or possession or distribution of this announcement or any other offering or publicity material relating to such Ordinary Shares in any jurisdiction (other than the United Kingdom) where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company or N+1 Singer to inform themselves about, and to observe, such restrictions.

No representation or warranty, express or implied, is made or given by or on behalf of the Company, N+1 Singer, or the Investment Manager or any of their respective directors, partners, officers, employees, agents or advisers or any other person (whether or not referred to in this announcement) as to the accuracy, completeness or fairness of the information contained herein and no responsibility or liability is accepted by any of them for any such information or opinions.

This announcement does not constitute or form part of, and should not be considered as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction.

N+1 Singer, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no-one else in connection with the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the Placing. N+1 Singer is not responsible for the contents of this announcement. This does not limit or exclude any responsibilities which N+1 Singer may have under FSMA or the regulatory regime established thereunder or under the regulatory regime of any other jurisdiction where exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

ROIUBUWRKVAORAR

(END) Dow Jones Newswires

March 08, 2019 02:00 ET (07:00 GMT)