RM Secured Direct Lending Offer - Now Open

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The RM Secured Direct Lending offer is now available

25th April 2018

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR TO ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM)

RM Secured Direct Lending Plc - Offer Overview

  • Name: RM Secured Direct Lending C shares
  • Ticker: RMCC.L
  • Raising: £30m
  • Pricing: 100p

About RM Secured Direct Lending Plc:

RM Secured Direct Lending plc (RMDL.L) aims to generate attractive and regular dividends through investments in secured debt instruments of UK SMEs and mid-market corporates and/or individuals including any loan, promissory notes, losses bonds or preference shares sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate.

Use of Proceeds

The funds raised will allow the Investment Manager to continue to identify an attractive pipeline of opportunities in its target sectors that meet its investment criteria, in order to continue to capitalise on these opportunities and grow the portfolio.

Website:             https://rmdl.co.uk/

Expected Timetable

  • Offer Open

    12th March 2018

  • Books Close:

    Friday 23rd March 2018 at 3pm

  • Allocation announced:

    27th March 2018

  • Trading begins:

    3rd April 2018


Highlights (as indicated by the company)
  • Attractive, stable, quarterly returns with a target of 6.5p dividend for 2018
  • Lending to businesses currently underserved by banks and other non-bank lenders
  • High quality portfolio, diversified across a range of sectors
  • Strong security packages
  • Active pipeline of opportunities
  • Balanced approach to borrowers, sector and duration
  • Degree of interest and inflation protection
  • Outperformed first year target yield of 4%

Risks*
  • An economic slowdown in UK could adversely affect the company’s ability to invest the net proceeds as quickly as it would like
  • The company may not meet it’s investment objectives
  • The effects of both normal market fluctuations and potential economic crises may impact the Company’s business, operating results or financial condition
  • The company’s investment policy may involve the use of leverage which may expose the company to risks associated with borrowing
  • Small cap stocks are high risk, and can often be highly volatile
  • Small cap stocks may suffer with liquidity issues, it may therefore be difficult to sell shares on a short term basis

*Please note that these risks represent the judgement of Cornhill Capital, there may be additional risks represented in the prospectus


Offer Documents

Important information

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Cornhill Capital Limited is authorised and regulated by the Financial Conduct Authority (FRN 449720) and a member of the London Stock Exchange, Nex Exchange & Nasdaq Copenhagen.
Registered in England and Wales under registered number 5267797. Registered Office: 4th Floor, 18 St Swithins Lane, London, EC4N 8AD.


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Cornhill provide an excellent service for clients wishing to invest in IPOs and placings which are not generally available through the large retail client stock brokers. The terms and discounts available are generally the same as those offered to institutional investors, furthermore the AIM quoted investment opportunities often qualify or EIS tax reliefs.

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Risk Warning pre-IPO’s, IPO’s & Secondary Issues

Investments in pre-IPO’s and IPO’s involve a high degree of risk and are not suitable for all investors. A pre-IPO issue is the funding given to the company before listing. There is no guarantee that the company will list, but if it does then there is normally an increase from the pre-IPO to the IPO price, representing a profit. However, even when a company is listed on, say,  the AIM market, it is considered to be a high-risk investment, and will have wider spreads on price and be more illiquid and it may be difficult to sell the shares on a short-term basis and in some circumstances it may be difficult to sell at any price. All investments made into an IPO or new issue or in a secondary issue should always be made solely on the basis of the information provided in the relevant prospectus and any other supplementary documentation. The specific risks will be detailed in the prospectus but the value of your investment can go down as well as up and you may not get back the money you invested.  You should be sure that you fully understand the purpose of, and the reason for, the fundraising. Before you decide to invest you should obtain information regarding the business plan and note the risk factors. If you have any doubts about the suitability of an investment you should seek professional advice.

This announcement has been published by Cornhill Capital Limited.

This announcement has been prepared and is the sole responsibility of Cornhill Capital Limited of 4th Floor, 18 St Swithins Lane, London, EC4N 8AD, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.

This announcement is not an offer of securities for sale in the United States. The securities to which this announcement relates have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not he offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.