ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

VSL Vpc Specialty Lending Investments Plc

53.00
0.40 (0.76%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.40 0.76% 53.00 53.00 53.80 54.00 54.00 54.00 204,532 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -1.29M -22.12M -0.0795 -6.79 150.27M

VPC Specialty Lending Invest. PLC Update re VPC Impact Acquisition Holdings Sponsor (2766L)

11/01/2021 1:08pm

UK Regulatory


Vpc Specialty Lending In... (LSE:VSL)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Vpc Specialty Lending In... Charts.

TIDMVSL

RNS Number : 2766L

VPC Specialty Lending Invest. PLC

11 January 2021

11 January 2021

VPC Specialty Lending Investments PLC (the "Company")

Update Regarding its Holding in VPC Impact Acquisition Holdings Sponsor, LLC

The Company notes that earlier today, 11 January 2021, VPC Impact Acquisition Holdings (NASDAQ: "VIH"), a special purpose acquisition company sponsored by VPC Impact Acquisition Holdings Sponsor, LLC ("VPC Sponsor"), an affiliate of Victory Park Capital ("VPC"), announced it had entered into a definitive agreement to combine with Bakkt Holdings, LLC ("Bakkt"), a company launched by Intercontinental Exchange, Inc. in 2018. Through VPC Sponsor, VPC Specialty Lending Investments PLC ("VSL") currently owns 2,220,530 Class B Shares and 2,697,467 private placement warrants in VIH, held at an aggregate cost basis of $2,713,994.

The transaction implies a $2.1 billion post-merger enterprise value at a $10.00 price per Class A Common Stock. Upon the consummation of the transaction, VSL's Class B Shares shall be automatically converted into one share of Class A Common Stock of Bakkt with an aggregate implied transaction value of $22,205,300 to the Company. Similarly, each private placement warrant shall be converted into a warrant to purchase one share of Class A Common Stock of Bakkt. VSL holds 2,697,467 warrants, which maintain a $11.50 per share strike price, provide for cashless exercise and expire five years after closing of the transaction. VSL's Class A Common Stock and warrants shall be subject to a one-year post-closing lockup unless otherwise accelerated based on average trading performance measured six months post-closing. The transaction is expected to close in the second quarter of 2021 and remains subject to VIH shareholder approval amongst other closing conditions.

For more information on the transaction please see the VIH press release, which can be found here https://www.victoryparkcapital.com/news/2021/01/11/bakkt-the-digital-asset-marketplace-launched-by-intercontinental-exchange-in-2018-to-become-a-publicly-traded-company-via-merger-with-vpc-impact-acquisition-holdings

The information contained in this announcement is inside information and is price sensitive.

Enquiries

For further information, please contact:

 
 Victory Park Capital                      via Jefferies or Winterflood 
  Brendan Carroll (Senior Partner           (below) 
  and Co-Founder)                           info@vpcspecialtylending.com 
  Gordon Watson (Partner) 
 
 
   Jefferies International Limited           Tel: +44 20 7029 8000 
 Stuart Klein 
  Neil Winward 
 Gaudi le Roux 
 
 
   Winterflood Securities Limited            Tel: +44 20 3100 0000 
 Neil Morgan 
 Chris Mills 
 
 
   Link Company Matters Limited (Company     Tel: +44 20 7954 9567 
   Secretary)                                Email: VPC@linkgroup.co.uk 
 

About VPC Specialty Lending Investments PLC

VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed investment trust focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. The Company identifies investment opportunities across various industries and geographies to offer shareholders access to a diversified portfolio of opportunistic credit investments originated by non-bank lenders with a focus on the rapidly developing technology-enabled lending sector.

Further information on VPC Specialty Lending Investments PLC is available at : http://vpcspecialtylending.com .

LEI: 549300UPEXC5DQB81P34

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDDKDBKNBKDADD

(END) Dow Jones Newswires

January 11, 2021 08:08 ET (13:08 GMT)

1 Year Vpc Specialty Lending In... Chart

1 Year Vpc Specialty Lending In... Chart

1 Month Vpc Specialty Lending In... Chart

1 Month Vpc Specialty Lending In... Chart

Your Recent History

Delayed Upgrade Clock