VPC Specialty Lending Invest. PLC VPC Impact Acquisition Holdings Sponsor II, LLC (7048E)
15 March 2022 - 12:28AM
UK Regulatory
TIDMVSL
RNS Number : 7048E
VPC Specialty Lending Invest. PLC
14 March 2022
VPC Specialty Lending Investments PLC (the "Company")
Update Regarding its Holding in VPC Impact Acquisition Holdings
Sponsor II, LLC
The Company notes that on 14 March 2022, VPC Impact Acquisition
Holdings II (NASDAQ: VPCB) ("VPCB"), a special purpose acquisition
company sponsored by VPC Impact Acquisition Holdings Sponsor II,
LLC ("VPC Sponsor"), an affiliate of Victory Park Capital ("VPC"),
and FinAccel, the parent company of Kredivo, the leading AI-enabled
digital consumer credit platform in Southeast Asia, announced the
mutual termination of their previously announced business
combination agreement. More information on the announcement can be
found here .
Through VPC Sponsor, the Company currently owns 1,029,833 Class
B Shares and 833,529 private placement warrants in VPCB, held at an
aggregate cost basis of US$1.2 million. As at 31 January 2022, the
total value of the Company's investment in VPC Sponsor is US$7.5
million (1.8% of NAV).
VPCB is considering future options, including seeking an
alternative business combination. The parties have agreed that, in
the event that VPCB is liquidated, Kredivo shall issue a warrant
with a nominal exercise price to VPCB providing VPCB with the
ability to acquire a stake equal to 3.5% of the fully diluted
equity securities of Kredivo.
The information contained in this announcement is inside
information and is price sensitive.
Enquiries
For further information, please contact:
Victory Park Capital via Jefferies or Winterflood
Brendan Carroll (Senior Partner and (below)
Co-Founder) info@vpcspecialtylending.com
Gordon Watson (Partner)
Jefferies International Limited Tel: +44 20 7029 8000
Stuart Klein
Neil Winward
Gaudi le Roux
Winterflood Securities Limited Tel: +44 20 3100 0000
Neil Morgan
Chris Mills
Link Company Matters Limited (Company Tel: +44 20 7954 9567
Secretary) Email: VPC@linkgroup.co.uk
About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a
UK listed investment trust focused on asset-backed lending to
emerging and established businesses with the goal of building
long-term, sustainable income generation. The Company identifies
investment opportunities across various industries and geographies
to offer shareholders access to a diversified portfolio of
opportunistic credit investments originated by non-bank lenders
with a focus on the rapidly developing technology-enabled lending
sector.
Further information on VPC Specialty Lending Investments PLC is
available at : http://vpcspecialtylending.com .
LEI: 549300UPEXC5DQB81P34
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