TIDMRDL

RNS Number : 6486B

RDL Realisation PLC

03 February 2020

3 February 2020

RDL Realisation Plc

("RDL" or the "Company")

Portfolio Update

The Company today provides the following update on its investment portfolio as of 31 December 2019. All figures are unaudited and based on management accounts.

The table below is an unaudited summary of the Company's investment portfolio and cash position as of 31 December 2019:

 
     Platform                            31/12/2019           30/11/2019 
                                        (USD million)        (USD million) 
 
     SME/CRE Loans Platform                 $6.9                 $8.5 
     Vehicle Services Contract 
      Platform                               $0.2                $0.2 
     Real Estate Loans Platform            $11.7                $11.7 
     Princeton                             $15.0                $15.0 
     International SME Lending 
      Platform                              $2.5                 $2.6 
     Equipment Loans Platform               $0.3                 $0.3 
 
     Portfolio Total                       $36.6                $38.3 
 
     Cash held by RDL                      $11.7                    $15.4 
 
     Grand Total                           $48.3                    $53.7

Significant Events during December 2019:

-- The special dividend declared on 26 November 2019 was paid to shareholders on 30 December 2019;

   --      $1.6 million was collected in December from the SME/CRE Loans Platform; and

-- $267k was collected from a previously written off account in the International SME Lending Platform

Significant Events since 31 December 2019:

-- On 9 January 2020, the Directors of the Company declared a special dividend of GBP0.33 per ordinary share (equivalent US$0.43 per ordinary share), which will be paid on 10 February 2020 to shareholders on the register as of 17 January 2020; and

-- The valuation of Princeton was adjusted downwards in January 2020 by $1 million to $14 million to reflect ongoing and anticipated bankruptcy expenses.

For further information, please contact:

Link Company Matters Limited

   Secretary                                        +44 (0)1392 477571

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.

END

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February 03, 2020 02:01 ET (07:01 GMT)

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