Hadrian Wall Secured Investments : Termination of Investment Advisory Agreement
February 19, 2020 at 10:35 am EST
Share
Regulatory Story
Go to market news section
Hadrian's Wall Secured Invs.Ltd - HWSL
Termination of Investment Advisory Agreement
Released 15:30 19-Feb-2020
RNS Number : 5118D
Hadrian's Wall Secured Invs.Ltd
19 February 2020
19 February 2020
Hadrian's Wall Secured Investments Limited
Notice of termination of Investment Advisory Agreement
The Board of Hadrian's Wall Secured Investments Limited (the 'Company') has today served notice on Hadrian's Wall Capital Limited to terminate the investment advisory agreement, such termination to take effect in 12 months. Notice has been served in light of the Board's recently announced intention to seek shareholder approval to put the Company into managed wind-down and in anticipation of the projected run-off profile of the Company's portfolio; with the Board expected to internalise portfolio advisory responsibilities upon termination becoming effective.
The Board will continue to work with Hadrian's Wall Capital Limited during the notice period to maximise value from the portfolio.
LEI: 213800ABN7VKMVNOLG14
Contact Details
David Warr (Chairman)
Telephone 01481 737600
Brett Miller (Director)
Telephone 07770447338
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan
Telephone 020 3100 0000
Forward-looking statements
This announcement may contain forward-looking statements with respect to the Company's future financial performance and position. Such statements are based on current expectations, estimates and projections of the Company and information currently available to the Company. The Company cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. The Company accepts no obligation to update the statements contained in this press release, unless required by law.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
Termination of Investment Advisory Agreement - RNS
Attachments
Original document
Permalink
Disclaimer
Hadrian's Wall Secured Investments Ltd. published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 15:34:03 UTC
Hadrian's Wall Secured Investments Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to provide shareholders with regular, sustainable dividends and to generate capital appreciation through exposure, directly or indirectly, to primarily secured loans originated across a range of channels, assets and industry segments. The Company's lending and investment activities will be primarily focused on the secured small and mid-sized enterprises (SME) lending market within the United Kingdom. The Company targets various types of loans, including equipment finance, property development and general commercial loans to businesses. The Company may finance equipment, including vehicles, aircraft, marine vessels, agricultural equipment and industrial and manufacturing machinery. Hadrian's Wall Capital Limited is the Company's investment advisor.
HWSI REALISATION FUND LIMITED 