RNS Number : 5237J
VPC Specialty Lending Invest. PLC
05 April 2024
 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION

5 April 2024

VPC Specialty Lending Investments plc

Results of General Meeting and Initial Return of Capital using the B Share Scheme

Result of General Meeting

The Board of VPC Specialty Lending Investments plc (the "Company") is pleased to announce that, at the general meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders.

As a result, the Company will establish a B Share Scheme (as defined in the circular to shareholders dated 15 March 2024 (the "Circular")) to facilitate the return of capital to Shareholders. Defined terms have the meaning given to them in the Circular.

Details of the number of proxy votes cast for, against and withheld in respect of the Resolutions (each of which was held on a poll) are set out below and will also be published on the Company's website.

Resolution

Votes For (including discretionary)

%

Votes Against

%

Votes Total

Votes Withheld

1.   That the draft articles of association produced to the meeting and signed by the Chairman (the "New Articles of Association") be approved and adopted as the articles of association of the Company.

 

 

186,513,219

 

99.81%

 361,054

 


0.19%

 


186,908,600

 

34,327

2.   That the Directors be authorised to apply from time to time a sum or sums not exceeding the Company's share premium account for the purpose of making an issue of unlisted redeemable fixed rate preference shares of 1 penny each in the capital of the Company ("B Shares") and to apply such sum or sums from time to time in paying up in full up to 11,000,000,000 B Shares.

 

186,513,119

99.81%

         361,154

 

0.19%

          186,908,600

 

34,327

3.   To exercise all powers of the Company to allot and issue from time to time, credited as fully paid up, B Shares up to an aggregate nominal amount of £110,000,000.00 to the holders of ordinary shares of 1 penny each in the capital of the Company on a pro rata basis as determined by the Directors from time to time.

 

186,602,476

99.86%

             265,797

 

0.14%

            186,908,600

 

40,327

 

The Company expects to make an announcement in connection with an initial return of capital using the B Share Scheme next week.

Enquiries:

For further information please contact:


VPC Specialty Lending Investments PLC
Graeme Proudfoot



via Jefferies or Winterflood (below)

 

Victory Park Capital
Gordon Watson

Sora Monachino

via Jefferies or Winterflood (below)

info@vpcspecialtylending.com

 

Jefferies International Limited

Stuart Klein

Gaudi le Roux

Tel: +44 20 7029 8000

 

Winterflood Securities Limited

Joe Winkley

Neil Morgan

 

Tel: +44 20 3100 0000

Montfort Communications

Matthew Jervois

 

Tel: +44 (0)7717 857736

vpc@montfort.london

 

 


 

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
 
 
ROMUPUGPCUPCGUA