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Share Premium Account & Dividend Declaration

20 Jun 2019 14:56

RNS Number : 9373C
Life Settlement Assets PLC
20 June 2019
 

For immediate release

 

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Share Premium Account Cancellation and Dividend Declaration

 

The Company is pleased to announce that, following on from its announcements on 14 May 2019 and 4 June 2019 regarding the return of capital to A, D and E Ordinary Shareholders, Court confirmation of the Share Premium Account Cancellation was received on 18 June 2019 and, on the same day, was registered at Companies House.

Furthermore, the Company has today declared the following special dividends, to be paid out of the reserve created on the cancellation of the share premium account:

- for A Ordinary Shareholders, a special dividend of 5.50 US cents per share

 

- for D Ordinary Shareholders, a special dividend of 37.66 US cents per share

 

- for E Ordinary Shareholders, a special dividend of 259.62 US cents per share

The above dividends will be paid on 19 July 2019 to all Shareholders on the share register on 28 June 2019.

Defined terms used in this announcement have the meanings given in the Company's Circular dated 4 June 2019 unless the context otherwise requires.

Enquiries:

Acheron Capital Limited (Investment Manager) 

Jean-Michel Paul 

020 7258 5990 

 

Shore Capital (Financial Adviser and Broker) 

Robert Finlay

020 7601 6115 

 

George Bayer / Kerry Higgins 

Maitland Administration Services Limited 

Company Secretary  

Tel: 01245 209780 

 

TB Cardew (Financial PR) 

Shan Shan Willenbrock 

020 7930 0777 

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCEADKEASLNEFF
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Date   Source Headline
4th May 20204:18 pmRNSCapital Reorganisation
29th Apr 20207:30 amRNSSuspension - Life Settlement Assets PLC
29th Apr 20207:00 amRNSResult of Meeting
27th Apr 20203:26 pmRNSAnnual Financial Report
2nd Apr 20207:00 amRNSPublication of circular and notice of GM
27th Mar 202012:59 pmRNSNet Asset Value(s)
23rd Mar 20209:55 amRNSDividend Declaration
16th Mar 20201:13 pmRNSNet Asset Value(s)
28th Feb 202011:13 amRNSNet Asset Value(s)
30th Jan 20207:00 amRNSCompany Update
10th Jan 20203:19 pmRNSHolding(s) in Company
3rd Jan 20209:55 amRNSNet Asset Value(s)
24th Dec 201911:36 amRNSHolding(s) in Company
18th Dec 20197:00 amRNSUpdate re share capital structure
13th Dec 20197:00 amRNSDirectorate Change
28th Nov 20197:00 amRNSNet Asset Value(s)
26th Nov 20195:45 pmRNSHolding(s) in Company
22nd Nov 20199:55 amRNSHolding(s) in Company
28th Oct 20197:00 amRNSNet Asset Value(s)
24th Oct 20193:21 pmRNSHolding(s) in Company
24th Oct 20197:00 amRNSDividend Declaration
1st Oct 201911:26 amRNSTotal Voting Rights
27th Sep 20197:00 amRNSNet Asset Value(s)
27th Sep 20197:00 amRNSDirectorate Change
27th Sep 20197:00 amRNSHalf-year Report
25th Sep 20197:00 amRNSNet Asset Value(s)
12th Sep 20197:00 amRNSTransaction in Own Shares
2nd Sep 20195:18 pmRNSTotal Voting Rights
23rd Aug 20197:00 amRNSTransaction in Own Shares
22nd Aug 20197:00 amRNSTransaction in Own Shares
21st Aug 20197:00 amRNSTransaction in Own Shares
20th Aug 20197:00 amRNSTransaction in Own Shares
19th Aug 20197:00 amRNSTransaction in Own Shares
16th Aug 20197:00 amRNSTransaction in Own Shares
15th Aug 20197:00 amRNSTransaction in Own Shares
14th Aug 20197:00 amRNSTransaction in Own Shares
13th Aug 20197:00 amRNSTransaction in Own Shares
6th Aug 20197:00 amRNSShare Buyback Programme
1st Aug 20194:21 pmRNSTotal Voting Rights
25th Jul 20197:00 amRNSNet Asset Value(s)
19th Jul 20193:23 pmRNSHolding(s) in Company
15th Jul 20199:27 amRNSDirector/PDMR Shareholding
10th Jul 20199:00 amRNSPolicy Maturities
5th Jul 20191:48 pmRNSDirector/PDMR Shareholding
3rd Jul 201912:21 pmRNSResults of Tender Offer and General/Class Meetings
24th Jun 20197:00 amRNSNet Asset Value(s)
20th Jun 20192:56 pmRNSShare Premium Account & Dividend Declaration
13th Jun 20195:31 pmRNSResult of AGM
6th Jun 20197:00 amRNSNet Asset Value(s)
4th Jun 201911:53 amRNSTender Offer
12

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