SLF Realisation Fund Limited Management Arrangements (8269X)
10 Gennaio 2022 - 8:00AM
UK Regulatory
TIDMSLFR
RNS Number : 8269X
SLF Realisation Fund Limited
10 January 2022
10 January 2022
SLF Realisation Fund Limited
LEI: 2138007S3YRY3IUU4W39
Management Arrangements
On 20 August 2021, SLF Realisation Fund Limited (the "Company")
announced that it had reached agreement with KKV Investment
Management Ltd ("KKVIM") for termination of the Investment
Management Agreement between the Company, the Alternative
Investment Fund Manager ("AIFM") and KKVIM with effect from 31
December 2021.
Sanne Fund Management (Guernsey) Limited ("SFM") (formerly
International Fund Management Limited) continues to act as the
Company's AIFM and SFM has, with effect from 1 January 2022,
delegated responsibility for the management of the portfolio to the
Company.
In order to assist the Board with the management of the
portfolio, the Company has, with effect from 1 January 2022,
entered into consultancy agreements to secure the services of the
four investment professionals with the greatest knowledge of the
Company's assets. In addition, an employee providing operational
support has transferred from KKVIM to the Company by virtue of the
Transfer of Undertakings (Protection of Employment) Regulations
2006 ("TUPE"). Brett Miller, a director of the Company, continues
to oversee the Company's realisation program and will continue to
be directly involved in the managed wind down of the Company's
portfolio.
The appointment of the consultants and the transfer of the
operational employee will provide continuity and ensures the
Company has the necessary resource and expertise for the
realisation of the balance of the portfolio. The Board may engage
specialist consultants where it is considers that such appointments
will assist in maximising returns for, and/or expediting capital
returns to, shareholders.
Dawn Kendall has also TUPE transferred from KKVIM to the Company
as an employee. She remains on a leave of absence.
The Company has a new website which can be found here:
slfrealisationfund.co.uk.
For further information please contact:
SLF Realisation Fund Limited via the Company Secretary
Brett Miller
BNP Paribas Securities Services 01481 750 853
S.C.A., guernsey.bp2s.slf.co.sec@bnpparibas.com
Guernsey Branch
Company Secretary
Winterflood Securities Limited
Neil Langford
Chris Mills 020 3100 0000
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END
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