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VPC Specialty Lending Investments PLC announced on 29 October 2024 that a resolution to reappoint PricewaterhouseCoopers LLP (PwC) as auditor will be put to its June 2025 Annual General Meeting. Following an audit tender process commenced in August 2024 for the year ended 31 December 2025, which invited four firms, the Financial Reporting Council granted the Company an extension on 23 October 2024 for PwC's engagement to cover the years ending 31 December 2025 and 2026.
| Date | 29 Oct 2024 |
| Time | 10:40:03 |
| Category | Miscellaneous |
| ID | 0652K |
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: [email protected] |
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