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Juridica Seeks To Wind-Up After Net Asset Value Drops In First-Half

Thu, 06th Sep 2018 18:23

LONDON (Alliance News) - Juridica Investments Ltd said Thursday that the benefits of winding-up the company are currently outweighing the costs of continuing its operations and therefore it is seeking to appoint liquidators.

The company said: "The board now believes that the costs to shareholders of continuing the Company in operation and maintaining an AIM listing are now outweighed by the benefits of winding-up, de-listing and liquidation."

"The chairman expects to write to shareholders shortly with details of an extraordinary general meeting with proposals to wind-up, de-list and appoint liquidators."

For the six months to June 30, the company's net asset value was USD0.0906, down from USD0.1563 at the end of December, after it paid dividends amounting to USD5.9 million.

Furthermore, in the six-month period the company's investments valuation decreased by USD384,000 and it recorded a loss of USD1.3 million compared to a USD526,146 profit a year ago.

Juridica shares closed marginally higher at 8.55 pence each.

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22 Nov 2018 10:58

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4 Apr 2018 12:41

Juridica Swings To 2017 Income, But Net Asset Value Continues To Fall

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11 Apr 2016 13:58

Juridica wins settlement on two investee cases

(ShareCast News) - Juridica Investments told investors to look forward to a bit more cash on Monday, announcing the settlement of two of its investee cases. The AIM-traded provider of strategic capital for corporate legal claims to businesses and the legal markets said one of the cases was a definit

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11 Apr 2016 09:57

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31 Mar 2016 16:39

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31 Mar 2016 11:59

Juridica Investments Loss Widens In 2015; Net Assets Per Share Decline

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8 Feb 2016 11:26

Juridica Investments To Cut Company Costs By USD900,000 In 2016

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18 Nov 2015 08:08

Juridica To Stop Making New Investments, Return Funds To Shareholders

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