10 May 2016 18:07
Juridica Investments Limited
("JIL" or the "Company")
Result of Annual General Meeting ("AGM")
The Company is pleased to announce that all resolutions put to the AGM held today at 11 New Street, St Peter Port, Guernsey were duly passed.
Final Proxy Voting Figures
Resolution. | Business | Total | For | Against | Withheld |
Ordinary Business | |||||
1 | THAT each of the Annual Report and Accounts for the period commencing 1 January 2015 and ending 31 December 2015, the Directors' Report and the Auditors' Report be received and adopted;
| 86,091,310 | 86,089,810 | 0 | 0 |
2 | THAT the total aggregate remuneration of the Directors of the Company, being US$523,738, in respect of the year ended31 December 2015, be approved;
| 86,091,310 | 86,073,910 | 12,400 | 3,500 |
3 | THAT John Kermit Birchfield be re-elected as a Director of the Company;
| 86,091,310 | 86,088,810 | 1,000 | 0 |
4 | THAT PricewaterhouseCoopers CI LLP be re-appointed as auditors of the Company
| 86,091,310 | 86,088,810 | 1,000 | 0 |
5 | THAT the Directors be authorised to fix the remuneration of the auditors
| 86,091,310 | 86,088,814 | 996 | 0 |
Special Business | |||||
6 | THAT In accordance with Article 4(2) of the Articles of Incorporation that the Company generally be and is hereby authorised for the purposes of section 315 of the Law to make one or more market acquisitions (as defined in the Law) of ordinary shares in the capital of the Company ("Shares") subject to certain provisions contained within the notice of AGM
| 86,091,310 | 75,523,910 | 10,565,900
| 0 |
Special Resolution | |||||
7. | THAT the articles of incorporation of the Company be amended by deleting articles 158 and 159 and replacing them with "158. [Intentionally left blank]" and "159. [Intentionally left blank]", respectively.
| 86,091,310 | 84,542,486 | 1,520,000 | 27,324 |
For further information contact:
Juridica Asset Management Limited Richard W. Fields
| +1 (866) 443 1080
|
Cenkos Securities PLC (Nominated Adviser and Broker) Nicholas Wells
| +44 (0) 20 7397 8900 |
Investec Bank PLC Darren Vickers
| +44 (0)20 7597 4000 |
Bell Pottinger Olly Scott Helen O'Hara | +44 (0) 20 3772 2500 |
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.
The Company's clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. Juridica only accepts cases that have already been carefully vetted and undertaken by leading lawyers.
Juridica's capital enables the legal system to better address 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. Juridica's investment strategy provides business clients with financial choices that reduce risk and assist in maximizing claim value.
The Company's 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 Asset 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