27 Feb 2018 15:06
27 February 2018
Ranger Direct Lending Fund PLC
(The "Company")
IFRS IMPLEMENTATION FOR RANGER DIRECT LENDING FUND PLC
IFRS 9 requires companies to make provisions based on future expected losses across their entire loan portfolio. Given the methodology the Company has applied in the past when interpreting IAS 39, the preliminary calculations as performed and reviewed by the Investment Manager and Fund Administrator implementing the new IFRS 9 standards show that any impact of the new standard will be immaterial for the Company. It should be noted that all IFRS 9 calculations will not be deemed final until completion of the 31 December 2017 audit.
For further information about this announcement contact:
Link Company Matters Limited Secretary
| +44 (0)1392 477 510 |
Ranger Alternative Management II, LPScott Canon Bill Kassul
| via Redleaf Communications |
Liberum Joshua Hughes
| +44 (0)20 3100 2000 |
Media enquiries |
|
Redleaf Communications Elisabeth Cowell Robin Tozer
| +44 (0)20 3757 6865 ranger@redleafpr.com |
LEI: 549300VGZSKYQ7C2U221
END OF ANNOUNCEMENT