TIDMMPLF
RNS Number : 3567Q
Marble Point Loan Financing Limited
27 October 2021
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR IN THE UNITED STATES, AUSTRALIA,
CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY
PERSONS, WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE
LAW.
27 October 2021
Marble Point Loan Financing Limited (the "Company")
Share Buyback Authority and Programme
At its general meeting held on 25 September 2020, the Company
was granted the authority to repurchase up to 30,836,962 of its
ordinary shares, representing 14.99% of the aggregate number of
ordinary shares in issue at such date, subject to certain maximum
price parameters. Unless expressly revoked by shareholders, such
authority shall expire at the Company's next annual general
meeting. The Company expects to renew this authority at its next
annual general meeting.
Pursuant to the Company's above described buyback authority, the
Company hereby announces that it has appointed its corporate broker
Stifel Nicolaus Europe Limited ("Stifel") to manage a share buyback
programme with the Company targeting a purchase price consistent
with the recent market price prior to this announcement, in a
period up to close of business on 29 October 2021.
A buyback of shares pursuant to the share buyback programme on
any trading day may represent a significant proportion of the daily
trading volume in the Shares on the Exchange (and could exceed the
25% limit of the average daily trading volume of the preceding 20
business days as referred to in the Commission Delegated Regulation
2016/1052/EU (as in force in the UK and as amended by the FCA's
Technical Standards (Market Abuse) (EU Exit) Instrument 2019) on
buy-back programmes).
Shares repurchased may either be cancelled or held in treasury,
at the Company's sole and absolute discretion.
The buyback programme may be cancelled or changed at any time at
the Company's sole and absolute discretion, including in the event
that the purchase price exceeds the price parameters of the
shareholder authority as measured at the date of the purchase.
Past performance is not indicative, or a guarantee, of future
performance.
This announcement contains inside information as defined in
Article 7 of the EU Market Abuse Regulation No 596/2014 (as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018) and has been announced in accordance with
the Company's obligations under Article 17 of that Regulation.
ENQUIRES
Marble Point Loan Financing Limited
Investor Relations
Tel.: +44 (0) 20 7259 1500
Email: ir@mplflimited.com
Corporate Broker
Mark Bloomfield, Jonathan Wilkes-Green,
Jack McAlpine
Stifel Nicolaus Europe Limited
T: +44 (0) 20 7710 7600
Financial Public Relations :
Charlie Barker / Catherine Chapman
MHP Communications
T: +44 (0) 20 3128 8100
MarblePoint@mhpc.com
About Marble Point Loan Financing Limited
Marble Point Loan Financing Ltd. (LSE Ticker: MPLF LN (USD);
MPLS LN (GBX)) is a Guernsey-domiciled closed-ended investment
company. MPLF's investment objective is to generate stable current
income and grow net asset value by earning a return on equity in
excess of the amount distributed as dividends. For more
information, please visit the Company's website:
www.mplflimited.com
LEI: 549300DWXSN5UC85CL26
MPLF is invested in a diversified portfolio of US dollar
denominated, broadly syndicated floating rate senior secured
corporate loans owned via collateralised loan obligations ("CLOs")
and related vehicles managed by Marble Point Credit Management LLC
("Marble Point") or its affiliates. Marble Point is an investment
adviser registered with the U.S. Securities and Exchange
Commission.
About Marble Point Credit Management LLC
Marble Point Credit Management LLC ("Marble Point") is a
specialist asset manager focused exclusively on leveraged loans.
Marble Point was founded by Thomas Shandell in partnership with
Eagle Point Credit Management, a leading investor in CLO
securities.
IMPORTANT INFORMATION
This document is provided for informational purposes only and
does not constitute an offer to sell any shares, notes or other
securities (collectively, "Securities") issued by the Company or a
solicitation of an offer to purchase any such Securities in the
United States, Australia, Canada, the Republic of South Africa,
Japan or any other jurisdiction. This document may not be relied
upon, and should not be used, for the purpose of making any
investment decision. The Securities have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, or
with any securities regulatory authority of any state or other
jurisdiction of the United States and may not be offered or sold in
the United States to, or for the account or benefit of, U.S.
persons unless they are registered under applicable law or exempt
from registration. The Company has not been and will not be
registered under the U.S. Investment Company Act of 1940 and
investors will not be entitled to the benefits of such Act.
Past performance is not a reliable indicator of current or
future results . The value of investments may go down as well as up
and investors may not get back any of the amount invested. The
value of investments designated in another currency may rise and
fall due to exchange rate fluctuations in respect of the relevant
currencies. Adverse movements in currency exchange rates can result
in a decrease in return and a loss of capital.
No recipient may forward, reproduce, distribute, or make
available in whole or in part, this document (directly or
indirectly) to any other person. The distribution of this document
in certain jurisdictions may be restricted by law and recipients of
this document should inform themselves about and observe any such
restrictions and other applicable legal requirements in their
jurisdictions. This document, and the information contained
therein, is not for viewing, release, distribution or publication
in or into the United States, Australia, Canada, the Republic of
South Africa or Japan or any other jurisdiction where applicable
laws prohibit its release, distribution or publication, and will
not be made available to any national, resident or citizen of the
United States, Australia, Canada, the Republic of South Africa or
Japan. The distribution of this document in other jurisdictions may
be restricted by law and persons into whose possession this
document comes must inform themselves about, and observe, any such
restrictions. Any failure to comply with the restrictions may
constitute a violation of the federal securities law of the United
States or the laws of other jurisdictions.
There is no guarantee that any of the goals, targets or
objectives described in this document will be achieved. The
investment strategies of the Company described herein may not be
suitable for all investors and are not intended to constitute a
complete investment program. Neither Marble Point nor the Company
makes any representation or warranty (express or implied) with
respect to the information contained herein (including, without
limitation, information obtained from third parties) and each of
them expressly disclaims any and all liability based on or relating
to the information contained in, or errors or omissions from, these
materials; or based on or relating to the use of these materials;
or any other written or oral communications transmitted to the
recipient or any of its affiliates or representatives in the course
of its evaluation of the information herein.
None of the Company, Marble Point or any of their respective
parent or subsidiary undertakings, or the subsidiary undertaking of
any such parent undertakings, or any of such person's respective
partners, shareholders, directors, members, officers, affiliates,
agents, advisors or representatives shall have any liability
whatsoever (in negligence or otherwise) for any loss howsoever
arising from any information or opinions presented or contained in
this document nor shall they accept any responsibility whatsoever
for, or make any warranty, express or implied, as to the truth,
fullness, accuracy or completeness of the information in this
document (or whether any information has been omitted from the
document) or any other information relating to the Company, Marble
Point or their respective subsidiaries or associated companies, in
any form whatsoever, howsoever transmitted or made available or for
any loss howsoever arising from any use of this document or its
contents or otherwise arising in connection therewith. This shall
not affect any liability any such person may have which may not be
excluded under applicable law or regulation.
A Note on Forward Looking Statements . Forward-looking
statements include all matters that are not historical facts.
Actual results may differ materially from any results projected in
the forward-looking statements and are subject to risks and
uncertainties. Such statements are based on current expectations,
involve known and unknown risks, a reliance on third parties for
information, and other factors that may cause actual results to
differ materially from the anticipated results expressed or implied
by such forward-looking statements. The Company and Marble Point
caution readers not to place undue reliance on such statements.
Neither the Company nor Marble Point undertakes, and each
specifically disclaims, any obligation or responsibility, to update
any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date
of such statement. Actual results may differ materially from the
Company's and/or Marble Point's expectations and estimates.
The information provided herein is estimated, unaudited, for
background purposes only, representative as at the dates specified
herein, subject to adjustment and not purported to be full or
complete. Nothing herein shall be relied upon as a representation
as to the current or future performance or portfolio holdings of
the Company or any strategy or investment vehicle. Certain
information presented herein has been obtained from third party
sources and is believed to be reliable. However, neither the
Company nor Marble Point represents that the information contained
in this document (including third party information) has been
independently verified or is accurate or complete, and it should
not be relied upon as such. Index information, if any, has been
provided for illustration purposes only. Any such information does
not reflect the effect of transaction costs, management fees or
other costs which would reduce returns. An investor cannot invest
directly in an index.
Any of the views or opinions expressed herein are current views
and opinions only and may be subject to change. Statements made
herein are as of the date of this document and should not be relied
upon as of any subsequent date. All information is current as of
the date of this document and is subject to change without
notice.
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END
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