Vector Capital plc (LON:VCAP), the commercial lending group that offers secured loans primarily to businesses located in the United Kingdom, has announced, further to the announcement on 5 September 2023 of the half year results for the period ended 30 June 2023, further details of the interim dividend of 1.00p per share.
Vector Capital provides secured, business-to-business loans to SMEs based principally in England and Wales. Loans are typically secured by a first legal charge against real estate. The Group’s customers typically borrow for general working capital purposes, bridging ahead of refinancing, land development and property acquisition. The loans provided by the Group are typically for renewable 12-month terms with fixed interest rates.