LONDON (Alliance News) - Juridica Investments Ltd, which invests directly and indirectly in a diversified portfolio of corporate claims in litigation and arbitration, on Wednesday said it received USD29.5 million in settlements and distributions in the first half.
The company said the money was generated by full settlement in two patent investments providing USD22.8 million on a combined investment of USD16.3 million, a partial settlement of US$1.3 million from a patent investment in a pool of five cases made earlier in 2015, and USD5.4 million in dividends from its holding in former manager JCML 2007 Ltd.
In a statement, the company said its net asset value per share decreased to USD1.35 at the end of June, from USD1.66 six months earlier.
"This decrease in NAV per ordinary share was primarily attributable to the total comprehensive loss of USD34.2 million generated during the six-month period ending 30 June 2015," Chairman Lord Brennan said in a statement.
The fair value of its investments at the end of June was USD101.0 million.
Shares in the company were down 0.7% at 72.00 pence on Wednesday morning in London.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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