VPC Specialty Lending Invest. PLC Board Responsibilities and Director Appointment (1660X)
26 April 2019 - 4:02PM
UK Regulatory
TIDMVSL
RNS Number : 1660X
VPC Specialty Lending Invest. PLC
26 April 2019
26 April 2019
VPC Specialty Lending Investments PLC (the "Company")
Director Responsibilities and Appointment of Non-Executive
Director
The Board is pleased to announce the appointment of existing
independent non-executive directors Kevin Ingram as Chairman of the
Company, and Clive Peggram as Chairman of the Audit & Valuation
Committee, effective immediately. Further, the Board is pleased to
announce the appointment of Mark Katzenellenbogen as a new
independent non-executive director with effect from 1 May 2019
On 14 December 2018, the Company previously announced that Kevin
Ingram would step in for Andrew Adcock as interim Chairman of the
Board and Clive Peggram would stand in for Kevin Ingram as interim
Chairman of the Audit and Valuation Committee. Following the
passing away of the previous Chairman, Andrew Adcock, in January of
this year and after reviewing the performance of both Kevin Ingram
and Clive Peggram in the interim period, the Board was pleased to
approve the recommendation for their appointment by the Nomination
Committee.
Kevin Ingram is an experienced non-executive director having
previously been chairman of the Board of Aberdeen UK Tracker Trust
Plc. Both Kevin Ingram and Clive Peggram have been independent
non-executive directors of the Company since 19 February 2015 and
Kevin Ingram has previously served in the role as Chairman of the
Audit and Valuation Committee.
Mark Katzenellenbogen has been involved in financial services
for over 35 years. Since 2007 he has been CEO of Auden Capital LLP,
a London based corporate finance advisory firm specialising in the
investment and wealth management sector. He began his career with
S.G Warburg in credit and banking, prior to working for the bank's
mergers and acquisitions department. Since 2005 Mark has been a
non-executive director of Oldfield, a long-only value equity
manager.
Kevin Ingram, Chairman of the Company, said on the appointment
of Mark Katzenellenbogen:
"The Directors are delighted that Mark has agreed to accept our
invitation to join the Board. We consider that his input as an
independent non-executive Director will be extremely valuable as he
brings a wealth of experience from his time in financial services
to the Board."
The following information is disclosed in accordance with
Listing Rule 9.16.13.
Mark Katzenellenbogen held the following executive directorships
of companies at the time of, or within the twelve months preceding
a members' voluntary arrangement:
-- Jofrethe Ltd, members' voluntary liquidation on 26 July 2015
-- Zimbabwe Benefit Foundation, members' voluntary strike-off on 3 January 2017
There are no further details or disclosures required under
Listing Rule 9.6.13 in respect of Mark Katzenellenbogen.
Mark Katzenellenbogen will stand for election as a Director at
the Annual General Meeting to be held on 11 June 2019.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Victory Park Capital
Brendan Carroll (Senior Partner via MHP (below)
and Co-Founder)
Gordon Watson (Partner)
Jefferies International Limited Tel: +44 20 7029 8000
Gary Gould
Sandra Björck
MHP (PR Adviser) Tel: +44 20 3128 8100
Kelsey Traynor Email: vpc@mhpc.com
Tim Rowntree
ABOUT VPC Specialty Lending Investments PLC:
VPC Specialty Lending Investments PLC invests in opportunities
within the specialty lending market primarily through online
lending platforms. The Company intends to generate an attractive
total return for shareholders consisting of distributable income
and capital growth via investments in a diverse portfolio of
various platforms, asset classes, geographies (primarily US, UK and
Europe) and credit bands.
Since 2010, the Company's investment manager, Victory Park
Capital, has been actively involved in the specialty lending
marketplace and has made more than $6.7 billion of investments and
commitments across a number of financial technology platforms,
multiple geographies (US, UK and Europe), products (consumer and
business) and structures (whole loans and senior credit
facilities).
Further information on VPC Specialty Lending Investments PLC is
available at: http://vpcspecialtylending.com.
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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