P2P Global Investments PLC Replacement: Integration Progress (4335S)
02 October 2017 - 11:00PM
UK Regulatory
TIDMP2P
RNS Number : 4335S
P2P Global Investments PLC
02 October 2017
LEI Number: 213800P4S1KTTPIB9T76
2 October 2017
P2P Global Investments PLC (the "Company")
Replacement: Integration Progress
The following sentence has been added to the 'Integration
Progress' announcement released on 2 October 2017 at 7.02am under
RNS No 3185S.
"The Board will provide more detail of progress in a strategy
announcement in early November which PSC Eaglewood look forward to
presenting to shareholders."
All other details remain unchanged.
The full updated text is shown below.
Integration Progress
Further to the announcement on 18 September 2017 that the merger
of MW Eaglewood ("Eaglewood") and Pollen Street Capital Limited
("PSC") had completed, the Board is pleased to confirm that the
physical integration is now complete, Eaglewood's staff have moved
into PSC's offices and the business integration is ongoing. PSC
Eaglewood Europe LLP (the "Manager") has also completed a detailed
review of the existing portfolio and presented its analysis and
transition strategy to the Board.
The Board is pleased to report that the Manager remains
confident in its ability to transition the portfolio into more
attractive specialist assets with a greater exposure to sterling
denominated assets and to secured assets. Furthermore, despite a
disappointing August, the Manager now has increased confidence that
the realigned portfolio will achieve its target returns of 6 - 8
per cent within the 18 month timeframe set in the Board's
announcement of 24 May 2017.
The Board will provide more detail of progress in a strategy
announcement in early November which PSC Eaglewood look forward to
presenting to shareholders.
For further information:
Boscobel & Partners
George Trefgarne
Charlotte Walsh +44 (0)20 3642 1310
[END OF ANNOUNCEMENT]
This information is provided by RNS
The company news service from the London Stock Exchange
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