LEI Number: 213800P4S1KTTPIB9T76
2 October 2017
P2P Global Investments PLC (the "Company")
Replacement: Integration Progress
The following sentence has been added to the 'Integration Progress' announcement released on 2 October 2017 at 7.02am under RNS No 3185S.
"The Board will provide more detail of progress in a strategy announcement in early November which PSC Eaglewood look forward to presenting to shareholders."
All other details remain unchanged.
The full updated text is shown below.
Integration Progress
Further to the announcement on 18 September 2017 that the merger of MW Eaglewood ("Eaglewood") and Pollen Street Capital Limited ("PSC") had completed, the Board is pleased to confirm that the physical integration is now complete, Eaglewood's staff have moved into PSC's offices and the business integration is ongoing. PSC Eaglewood Europe LLP (the "Manager") has also completed a detailed review of the existing portfolio and presented its analysis and transition strategy to the Board.
The Board is pleased to report that the Manager remains confident in its ability to transition the portfolio into more attractive specialist assets with a greater exposure to sterling denominated assets and to secured assets. Furthermore, despite a disappointing August, the Manager now has increased confidence that the realigned portfolio will achieve its target returns of 6 - 8 per cent within the 18 month timeframe set in the Board's announcement of 24 May 2017.
The Board will provide more detail of progress in a strategy announcement in early November which PSC Eaglewood look forward to presenting to shareholders.
For further information:
Boscobel & Partners George Trefgarne Charlotte Walsh |
+44 (0)20 3642 1310 |
[END OF ANNOUNCEMENT]
