Appointment of Director

RNS Number : 3304B

VPC Specialty Lending Invest. PLC

16 June 2016

 

15 June 2016

VPC Specialty Lending Investments PLC (the "Company")

Appointment of Director

The Board is pleased to announce the appointment of Mr. Richard Levy as a non-executive Director of the Company with immediate effect.

Mr. Levy is the Chief Executive Officer and Founder of Victory Park Capital Advisors, LLC ("VPC"), the Company's Investment Manager. Mr. Levy oversees VPC's investment and operational activities. He is also the chairman of VPC's management and investment committees. Mr. Levy serves as chairman of the board of directors of five VPC portfolio companies and is also a member of the board of directors of three VPC portfolio companies.

Previously, Mr. Levy served as head of the Small Cap Structured Products Group and co-head of the Solutions Group at Magnetar Capital. He also co-founded and served as managing partner at Crestview Capital Partners. He received a B.A. in political science from The Ohio State University, an MBA from the Illinois Institute of Technology's Stuart School of Business and a J.D. from Chicago-Kent College of Law. He is a member of the Illinois bar (inactive). He is also chairman of the board of non-profit, Gardeneers and an active board member of non-profits, College Bound Opportunities and Camp Kesem.

Andrew Adcock, Chairman of the Company, said:

"I and my fellow independent Directors are delighted that Richard has agreed to accept our invitation to join the Board. We consider that his input as a Board member will be extremely valuable, in particular with respect to the future strategic direction of the Company.  In addition, his presence on the Board will help underpin Victory Park Capital's long-term commitment to and support of the Company."

The following information is disclosed in accordance with Listing Rule 9.16.13.

Mr. Levy held the following directorships of publicly quoted companies in the last five years:

·      Unigene Laboratories, Inc., ending on 2 July 2013.

Mr. Levy held the following directorships of companies at the time of, or within the twelve months preceding an arrangement with its creditors generally or any class of its creditors:

·      Unigene Laboratories, Inc., ending on 2 July 2013; and

·      VPR Corp., ending on 29 March 2013.

There are no further details or disclosures required under Listing Rule 9.6.13 in respect of Mr. Levy.

The Board has determined that Mr. Levy will not be considered to be independent and will not be a member of any of the existing Board committees.

Mr. Levy is the beneficial owner of 800,000 ordinary shares in the Company.

In total, Partners and Principals of the Investment Manager are the beneficial owners of 1,385,000 ordinary shares in the Company.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Victory Park Capital Brendan Carroll (Senior Partner and Co-Founder) Gordon Watson (Partner, Investment Manager)	via Newgate (below)
Jefferies International Limited	Tel: [phone]
Gary Gould
Alex Collins
Stifel Nicolas Europe Limited	Tel: [phone]
Neil Winward
Mark Bloomfield
Gaudi Le Roux
Newgate (PR Adviser)	Tel: [phone]
James Benjamin Alex Shilov Lydia Thompson	Email: [e-mail]

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 U.S., U.K., Australia 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 $4.5 billion of investments and commitments across a number of financial technology platforms, multiple geographies (U.S., U.K., Australia 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.

 

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