10 Jan 2018 17:00
Juridica Investments Limited
10 January 2018
(the "Company")
Company Update
The Board of Directors and the Company's Manager continue to work to monetise all of the Company's remaining investments.
At the present time, there are two remaining litigation investments. The Board of Directors and the Manager believe that both investments have the potential to generate significant value for the Company. The Board of Directors and the Manager are optimistic that these litigations will be resolved by 31 December 2018.
Investors should be assured that the Board of Directors will continue to operate the Company efficiently and monetise the Company's remaining investments in an orderly fashion so as to preserve and realise the full value of all remaining investments. Further details will be included in the Company's Year-end 2017 results to be released as soon as practicable.
The Board of Directors continues to reduce operating expenses; having agreed to pay the Company's Manager Q1 & Q2 2018 management fee of USD125,000.00 per quarter - to be reviewed after Q2 2018.
Enquiries: |
|
|
|
For further information contact: |
|
|
|
Brickell Key Asset Management LLC - Manager William Yuen
| +1 (866) 443 1080
|
Cenkos Securities PLC - Nominated Adviser and Joint Broker Nicholas Wells Camilla Hume
| +44 (0) 20 7397 8900 |
Investec Bank PLC - Joint Broker Darren Vickers
| +44 (0) 20 7597 5970 |
Vistra Guernsey - Company Secretary Chris Bougourd | +44 01481 754 145
|
|
|
http://www.juridicainvestments.com |
|
Juridica Investments (JIL)