Result of Meeting

VPC Specialty Lending Invest. PLC
12 June 2023
 

12 June 2023

VPC Specialty Lending Investments PLC

  Results of the 2023 General Meeting

 

The Board of VPC Specialty Lending Investments PLC ("VSL" or the "Company") announces that, at the General Meeting of the Company held on 12 June 2023, the resolutions put to the meeting were approved by shareholders.  Details of the proxy votes lodged are set out below

 

Ordinary Resolution

For*

Against

Withheld**

1.     To adopt the proposed New Investment Policy

143,530,484

2,012,962

8,099,900

2.     To amend the terms of the Investment Management Agreement

83,042,929

66,210,261

4,390,156

 

The Board engaged with shareholders during the period ahead of the General Meeting and is aware of the concerns raised by certain shareholders who voted against resolution 2. Notwithstanding this, the Board notes that a majority of those voting supported the resolution, and the Board continues to consider that the resolution is in the best interests of the Company and its shareholders as a whole. Neither the investment manager nor SVS Opportunity Fund, L.P. (a 20.2% shareholder) voted on resolution 2.

 

The full text of the resolutions may be found in the Notice of General meeting contained in the Circular to Shareholders dated 16 May 2023, copies of which are available on both the Company's website https://vpcspecialtylending.com/ and on the National Storage Mechanism, where it will be available for inspection at:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism.***

 

*              Includes discretionary votes received

**           A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

***         Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

 

Enquiries

VPC Specialty Lending Investments PLC

Graeme Proudfoot

 

Victory Park Capital

Gordon Watson

Sora Monachino

 

via Jefferies or Winterflood (below)

 

via Jefferies or Winterflood (below)

info@vpcspecialtylending.com

 

Jefferies International Limited

Tel: +44 20 7029 8000

Stuart Klein


Gaudi le Roux

 


Winterflood Securities Limited

Tel: +44 20 3100 0000

Joe Winkley


Neil Morgan

 


Montfort Communications

+44 (0)7717 857736/+44 (0)7798 626282

Matthew Jervois/Gay Collins

vpc@montfort.london

Link Company Matters Limited

Secretary

LEI: 549300UPEXC5DQB81P34

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings