PAC 0.79% $10.10 pacific current group limited

Hi AllThis is interesting news from a Victory Park...

  1. 2,788 Posts.
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    Hi All

    This is interesting news from a Victory Park perspective:
    https://otp.investis.com/clients/uk/vpc_plc/rns/regulatory-story.aspx?cid=1083&newsid=1807575

    Victory Park owns 20% of VSL:LSE after receiving shares for payment in lieu of management fees - circa $3M in pounds per annum.

    The sell down process should mean VPC generate circa $USD50M (25% approximately to PAC - $AUD17.5M @66c AUD/USD) over a couple of years.

    All numbers above are approximate only, assume PAC is entitled to this capital/VPC will pay it out and not reinvest in its business.

    Best of Luck
    Lost
 
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