VPC Specialty Lending Invest. PLC Reappointment of PwC
October 29 2024 - 5:40AM
RNS Regulatory News
RNS Number : 0652K
VPC Specialty Lending Invest. PLC
29 October 2024
29 October 2024
VPC Specialty Lending
Investments PLC
(the
"Company")
Reappointment of
PricewaterhouseCoopers LLP ("PwC")
The company announces that a
resolution to reappoint PwC will be put to the next Annual General
Meeting of the Company scheduled for June 2025.
In accordance with the Companies Act
2006, the Company commenced an audit tender process in August 2024
for the year ended 31 December 2025. Four firms, including
PwC were invited to participate in the tender with a view to a
final selection by the Audit and Valuation Committee being made in
October 2024 and a recommendation to the Board being made in
November 2024. The assessment criteria for the firms was
based on quality of audit, and in particular on understanding of
the business, including the approach to the audit of asset backed
lending and unlisted equities, and the coordination of a
multi-location audit. A fee quote was requested. During
the course of the process, it became clear that because the Company
is in wind-down, the firms other than PwC did not want to put
themselves forward for the appointment. The Company therefore
applied to the Financial Reporting Council for an extension to the
maximum duration of PwC's engagement to cover the years ending 31
December 2025 and 2026, in accordance with a procedure provided for
in the Companies Act 2006. This extension was granted on 23
October 2024.
Enquiries
For further information, please
contact:
|
Link Company Matters Limited (Company
Secretary)
|
Tel: +44 20 7954 9567
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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