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The Company announced on 19 April it intended to issue further Ordinary Shares to raise funds to continue to invest in an attractive pipeline of opportunities. The New Ordinary Shares were issued under a Placing Programme in connection with the Prospectus published on 24 November 2016.

The Placing has closed, successfully, raising £7.09 million through the issue of 7,000,000 New Ordinary Shares of 1 pence each at a Placing Price of 101.25 pence per share.

• The Placing Price represents a premium of approximately 3.84% to the Company’s NAV per Ordinary Share as at 30 April 2017.
• The New Ordinary Shares will rank pari passu with the existing Ordinary Shares including for dividends.
• The net proceeds of the Placing will be invested in accordance with the Company’s investment policy in the existing pipeline of opportunities.

The Board is committed to growing the Company over time which will enable it to further diversify its existing portfolio, spread the fixed costs of running the Company across a wider base and increase secondary market liquidity for investors.

It is expected that Admission will become effective at 8.00 a.m. on 24 May 2017 and that dealings in the New Ordinary Shares will commence at that time. Conditional on Admission, the Company will have 57,300,000 Ordinary Shares in issue.

Singer Capital Markets is acting as Sponsor, Placing Agent and Broker to RM Secured Direct Lending.

About RM Secured

RM Secured Direct Lending Plc is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.
The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

Ticker: RMDL