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Portfolio Update

31 Aug 2010 07:01

RNS Number : 7859R
Juridica Investments Limited
31 August 2010
 



 

 

 

 

Juridica Investments Limited

('Juridica' or the 'Company')

 

Portfolio Update

 

Juridica, the leading provider of capital to the law market, provides the following portfolio update.

 

The Company is pleased to report that Case 0408-W has reached a successful conclusion which, when the full proceeds have been received, will have delivered a return on investment of 34%. Juridica's portion of the settlement totals US$ 3.8 million having invested US$2.8 million. The Company has already received US$2.4 million and expects the remaining US$1.4 million to be received before 19 January 2011.

 

This positive outcome in the Case occurred despite a negative ruling in Q1 2010 which denied certain of the plaintiff's claims, (as detailed in the Company's Annual Report and Account for 2009). The Company's investment in this claim was structured such that any return over a de minimus amount would generate a return of the Company's investment plus a profit.

 

Commenting on the Case Juridica's Chairman, Lord Brennan, said: "This was one of the Company's initial investments and serves as further validation of our strategy and approach to corporate claims finance. Richard Fields and his team at the investment manager, Juridica Capital Management, continues to show that their due diligence and portfolio monitoring processes provide the best opportunity for our investments to deliver exceptional returns."

 

Juridica will announce its interim results for the six months to 30 June 2010 prior to 30 September 2010.

 

- Ends -

 

 For more information please contact:

 

Juridica Capital Management Limited

Richard Fields, Chief Executive

 

 

+1 866 443 1080

Cenkos Securities plc

(Nominated Adviser and Broker)

Nicholas Wells

Camilla Hume

 

 

+44 20 7397 8900

 

Pelham Bell Pottinger

David Rydell

Olly Scott

 

 

+44 (0) 20 7861 3232

 

 

 

About Juridica

 

Juridica is a leading provider of capital to the business community and the legal market. It invests directly and indirectly in a diversified portfolio of commercial claims and disputes. The Company's objective is to be the premier source of value-added and direct financing or large business claims, especially in the United States and the United Kingdom.

 

Our clients are Fortune 1000 companies, FT Global 500 companies, small businesses, inventors, major universities and the leading law firms that represent them. Juridica accepts only cases that have already been carefully vetted and accepted by qualified lawyers, does not invest in speculative cases and accepts only a small fraction of the cases reviewed.

 

The Company focuses exclusively on business-to-business related claim investments. It does not invest in shareholder class actions, personal injury, product liability, or mass tort claims.

 

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 and is listed on AIM, a market operated by the London Stock Exchange (AIM: JIL).

 

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

 

For more information visit Juridica at http://www.juridicainvestments.com 

 

 

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