RMII Rm Infrastructure Income Plc

TIDMRMII TIDMTTM

RNS Number : 5900Z

RM Infrastructure Income PLC

15 January 2024

 
                    RM Infrastructure Income Plc 
 
                      ("RMII" or the "Company") 
 
                      LEI: 213800RBRIYICC2QC958 
 
                          Portfolio Update 
  RMII provides an update on investment loan reference #68, a 79 
   beds student accommodation located in city centre of Coventry, 
   UK - wholly owned by the Company. 
   The Company has been pursuing a legal claim against the former 
   main contractor since September 2022 via an adjudication process. 
   On the 2(nd) of January 2024, RMII was successfully awarded circa 
   GBP1.2m by the adjudicator (or circa 1 pence per ordinary share), 
   with circa 90% of said sums now having been received in cleared 
   funds. 
   Thomas Le Grix de La Salle, Portfolio Manager for RMII "The RM 
   Funds Team have been pro-actively working in recovering value 
   for our shareholders, and after many months of hard work it is 
   very pleasing to be able to deliver a positive outcome for our 
   shareholders." 
 
 
   For further information, please contact: 
 RM Infrastructure Income PLC RMInfraCoSecmailbox@apexfs.group 
 Norman Crighton 
 
 Singer Capital Markers Advisory LLP 020 7496 3000 
 James Maxwell 
 Asha Chotai 
 

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January 15, 2024 02:00 ET (07:00 GMT)

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