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Share buyback

31 Mar 2014 13:15

RNS Number : 5976D
Juridica Investments Limited
31 March 2014
 



Juridica Investments Limited

 

('Juridica' or the 'Company')

 

 

Share buyback

 

 

Juridica, a leading provider of strategic capital for corporate legal claims to both businesses and the legal markets, announces its intention to commence market purchases of the Company's own ordinary shares. The Company intends to limit its total purchases up to a maximum of one million ordinary shares, as and when ordinary shares become available to purchase at suitable prices and volumes to be determined by the Board.

 

Any transactions in the Company's own shares will be effected in accordance with Juridica's general authority to buy back shares and within certain set parameters. The maximum price which may be paid for each Share is an amount equal to 105% of the average middle market closing price for the five business days immediately preceding the date of the purchase. Shares may be bought at a price above Net Asset Value in appropriate circumstances. All ordinary shares purchased by the Company will be held in Treasury. The Company will make a suitable announcement following execution of any purchases.

 

Certain members of the management team at Juridica Asset Management Limited, the Company's Investment Manager, are considering making ordinary share purchases. If purchases are made, an appropriate announcement will be made.

 

 

- Ends -

 

 

For further information contact:

 

Juridica Asset Management Limited

Richard W. Fields

 

+1 (866) 443 1080

 

Cenkos Securities PLC

(Nominated Adviser and Broker)

Nicholas Wells

Camilla Hume

 

+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 7861 3232

 

 

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 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.

 

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

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