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Acquisition of Shares in Investment Manager

31st Dec 2012 07:00

RNS Number : 5068U
Juridica Investments Limited
31 December 2012
 



Juridica Investments Limited

Acquisition of Shares in Investment Manager

28 December 2012

Juridica Investments Limited ("Juridica") announces that it has acquired 247,909 ordinary shares of £0.01 each in the capital of its Investment Manager, Juridica Capital Management Limited (JCML), from the trustees of the LTS Trust for a total consideration of US$4.75 million. As a consequence of the acquisition, Juridica holds 36.17% of the issued share capital of JCML. In connection with the acquisition, JCML has agreed to reduce the investment management fee due to JCML in 2013 by US$425,000.

 

The beneficiary of the LTS Trust is Timothy D. Scrantom, one of the co-founders of Juridica who has since October 2010 provided consultancy services to JCML on a project by project basis. As part of the arrangements, Mr. Scrantom will cease to provide consultancy services to JCML.

 

For further information, please contact:

 

Lord Daniel Brennan QC

Juridica Investments Limited

+44 (0) 1481 715167

Nicholas Wells

Cenkos Securities plc

(Nominated Adviser and Broker)

+44 (0) 207 397 8900

 

Notes to Editors

Juridica Investments Limited is a limited liability, closed-ended investment company registered in Guernsey, that commenced trading on AIM, a market operated by the London Stock Exchange, on 21 December 2007.

The Company has raised over $200 million via the London equity markets to build a diversified portfolio of investments in claims and aims to provide shareholders with an attractive level of dividends and capital growth through investing directly and indirectly in litigation and arbitration cases, claims and disputes. The ultimate goal of the Company is to be a leading source of value-added and direct financing for large claims in complex litigation and arbitration worldwide where such financing is considered to be lawful and permitted under local law and rules on professional ethics.

For more information visit Juridica Investments Limited at www.juridicainvestments.com and Juridica Capital Management Limited at www.juridica.co.uk

 

 

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