SLF Realisation Fund Limited Asset Realisations (3063U)
27 Março 2023 - 5:40AM
UK Regulatory
TIDMSLFR
RNS Number : 3063U
SLF Realisation Fund Limited
27 March 2023
SLF Realisation Fund Limited
(the "Company")
LEI: 2138007S3YRY3IUU4W39
Asset Realisations
The Board of the Company is pleased to announce that within the
Ordinary Share Class portfolio, Borrowers 1* & 2*, two
anaerobic digestions plants located in Teesside have refinanced.
The positions were restructured and sold.
Borrower 1 repaying the fund GBP6.3 million plus the potential
for a further GBP0.5 million of deferred consideration to be
adjusted for the completion balance sheet.
Borrower 2 repaying the fund GBP3.2 million plus the potential
for a further GBP0.5 million of deferred consideration again to be
adjusted for the completion balance sheet.
A further additional consideration is payable should the plant
achieve high output levels under the new owners over the coming 24
months, though this appears unlikely at present.
They had a carrying values of GBP10.6 million and GBP9.1 million
respectively as at 30 June 2022. The reduction in value reflects
significant shortcomings uncovered during due diligence and the
failure of the plants to effectively increase output since June
2022.
*by reference to the half-yearly financial report to 30 June
2022.
For further information please contact:
SLF Realisation Fund Limited Brett Miller via the Company
Secretary
BNP Paribas S.A., Guernsey Branch
Company Secretary 01481 750 853
Winterflood Securities Limited
Neil Langford 020 3100 0000
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March 27, 2023 04:40 ET (08:40 GMT)
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