7 Oct 2020 16:48
LIFE SETTLEMENT ASSETS PLC
LEI: 2138003OL2VBXWG1BZ27
(the "Company" or "LSA")
Confirmation of Directorate Change
As reported in the Company's Half-Yearly report to 30 June 2020 released to the market on 28 September 2020, Franck Mathe, a Director of LSA, stepped down as a Director of the Company on 30 September 2020.
Michael Baines, Chairman of the Board, stated that Franck had been a strong supporter of the Company and the Board wished to thank to him for the valuable advice and guidance he had given.
For further information contact
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7408 4090
ISCA Administration Services Limited
Company Secretary
Tel: 01392 487056
Notes to Editors
LSA is a closed-ended investment company which manages portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating predominantly in the United States. The life settlement market enables individuals to sell their life insurance policies to investors at a higher cash value than they would otherwise receive from insurance companies (if they were cancelled or surrendered at the date of sale). The Company aims to manage portfolios of life settlement products so that the realised value of the policy maturities exceeds the aggregate cost of acquiring the policies, ongoing premiums, management fees and other operational costs. LSA was is listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange.