Vector Capital PLC Update on Aggregate Loan Book (1422M)
10 1월 2023 - 4:00PM
UK Regulatory
TIDMVCAP
RNS Number : 1422M
Vector Capital PLC
10 January 2023
Vector Capital plc
("Vector", the "Company" or the "Group")
Update on Aggregate Loan Book
Vector Capital plc (AIM: VCAP), the commercial lending group
that offers secured loans to property developers and investors in
England & Wales, is pleased to provide the following update on
the Group's aggregate loan book as at 31 December 2022.
The Group's aggregate loan book as at 31 December 2022 was
GBP53.4 million, a 15.4% increase as compared to the end of the
previous year of GBP46.3 million. This increase reflects the
Group's continuing strong progress, despite the well-publicised
challenging market conditions, and is built upon the increase in
the debt finance facilities provided during the year by our
wholesale lenders. The number of loans also increased from 79 to
107 during the year, representing a net increase of 35.4%, and, in
line with the Group's communicated future strategy, a consequent
and intended reduction in the average loan value from GBP586,000 to
GBP499,000 as at 31 December 2022.
Agam Jain, CEO of Vector commented: "We are delighted to provide
an update on the 15.4% annual increase in our aggregate loan book
value at 31 December 2022, consistent with the continuing demand
for loan finance generated from within our chosen market. This
increase highlights the resilience of our business model as we
continue to grow the business despite the uncertain conditions. We
look forward to updating the market with the Group's full results
in due course."
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
Enquiries
Vector Capital plc 020 8191 7615
Robin Stevens (Chairman)
Agam Jain (CEO)
WH Ireland Limited 020 7220 1666
Chris Hardie, Megan Liddell
IFC Advisory Limited 020 3934 6630
Graham Herring, Florence Chandler, Zach
Cohen
Notes to Editors
Vector Capital Plc provides secured, business-to-business loans
to SMEs based principally in England and Wales. Loans are typically
secured by a first legal charge against real estate. The Group's
customers typically borrow for general working capital purposes,
bridging ahead of refinancing, land development and property
acquisition. The loans provided by the Group are typically for
renewable 12-month terms with fixed interest rates.
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
MSCMZGGMVLLGFZM
(END) Dow Jones Newswires
January 10, 2023 02:00 ET (07:00 GMT)
Vector Capital (LSE:VCAP)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Vector Capital (LSE:VCAP)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024