VPC Specialty Lending Invest. PLC Update

RNS Number : 1492R

VPC Specialty Lending Invest. PLC

23 December 2024

 

23 December 2024

VPC Specialty Lending Investments PLC

(the "Company")

 

UPDATE

 

As noted in the Company's half-yearly results announcement, the Company has now completed the process of removing its currency hedges.  Net cash released as a result which was being held against the potential for margin calls on the hedges will be applied to reduce the Company's gearing.  

In the September quarterly report the Company noted work being undertaken in regard to the Razor Group following their business combination with Perch.  More details on this will be included in the December quarterly report, but business performance over the last quarter has been poorer than anticipated and it is currently expected that the year-end valuation of Razor will be materially lower than at the last valuation point. 

 

Enquiries

For further information, please contact:

 

Victory Park Capital Gordon Watson Sora Monachino	via Winterflood (below) [e-mail]
Winterflood Securities Limited	Tel: [phone]
Joe Winkley / Neil Morgan
Link Company Matters Limited (Company Secretary)	Tel: [phone] Email: [e-mail]

 

LEI: 549300UPEXC5DQB81P34

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