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Dividend Declaration

10 Nov 2014 07:00

RNS Number : 5306W
Juridica Investments Limited
10 November 2014
 



Juridica Investments Limited

 

('Juridica' or the 'Company')

 

 

Dividend declaration

 

 

Juridica, a leading provider of strategic capital for corporate legal claims to both businesses and the legal markets, is pleased to announce that the Board has approved a dividend of 20 pence per share (or approximately US$35,200,000.00 in aggregate), payable on 14 January 2015 to shareholders on the Register at 12 December 2014.

 

Following this distribution, the Company will have returned approximately US$101.3 million to shareholders via dividends; totalling 58.6p per share.

 

Lord Brennan, Juridica's Chairman, said: "We are able to confirm the payment of this significant dividend, which we raised to investors as a prospect in our half-year results released on 22 September 2014. We are pleased with the portfolio's progress during the year and by our ability to deliver dividend income to investors. We remain focused on the Company's objectives of dividend income and NAV growth."

 

 

- Ends -

 

This document contains forward looking statements, which are based on Juridica Asset Management Limited's (JAML) current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially. Each forward looking statement speaks only as of the date of this announcement. Except as required by the AIM Rules, the London Stock Exchange or otherwise by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in the Company's or JAML's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

 

For further information contact:

 

 

Juridica Asset Management Limited

Richard W. Fields

 

+1 (866) 443 1080

 

Cenkos Securities PLC

(Nominated Adviser and Broker)

Nicholas Wells

Ian Soames

 

+44 (0) 20 7397 8900

Investec Bank PLC

(Joint Broker)

Jeremy Ellis

 

+44 (0)20 7597 4000

Peel Hunt LLP

(Joint Broker)

Guy Wiehahn

 

+44 (0)20 7418 8900

 

Bell Pottinger 

Olly Scott

+44 (0) 20 3772 2567

 

About Juridica Investments Limited

 

Juridica Investments is a leading provider of strategic capital to the business community and the legal markets for corporate claims. It invests directly and indirectly in a diversified portfolio of corporate claims in litigation and arbitration. Juridica is one of the premier sources of value-added and direct financing for large business claims in the United States and one of the leading sources in the United Kingdom.

 

Our clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. The Company only accepts cases that have already been carefully vetted and undertaken by leading lawyers.

 

Juridica works to make the legal system work better for business claims. It does not invest in speculative claims or claims that do not demonstrate economic value and clear merits. Juridica invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims.

 

Our goal is to provide business clients with financial choices that reduce risk and assist in maximising claim value.

 

Juridica was established on 21 December 2007 as a limited liability, closed-ended investment company registered in Guernsey. It has over US$200 million of assets under management. It was the pioneer in alternative litigation financing and the first closed-end fund of its kind ever listed on AIM, a market operated by the London Stock Exchange (AIM: JIL.L).

 

The Company has appointed Juridica Capital Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.

 

http://www.juridicainvestments.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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