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: 0131 603 7060
Nplus1 Singer Advisory LLP - Sponsor, Financial Adviser and
Broker
James Maxwell
Lauren Kettle
Tel: 020 7496 3000
Tulchan Group - Financial PR
James Macey White
Elizabeth Snow
Tel: 0207 353 4200
International Fund Management - AIFM
Chris Hickling
Shaun Robert
Tel: 01481 737600
PraxisIFM Fund Services (UK) Limited - Administrator and Company
Secretary
Anthony Lee
Ciara McKillop
Tel: 020 7653 9690
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 rns@lseg.com or visit www.rns.com.
END
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