4th Jul 2008 11:33
Juridica Investments Limited
("JIL" or the "Company")
Trading Statement
4 July 2008
This announcement provides an update on the investments in litigation made by JIL for the second quarter of 2008. As at 30 June 2008, JIL had made 5 investments with an aggregate commitment of a maximum of $29.05 million. One of these investments, case 0308-R as detailed in the Company's announcement of 22 April 2008, has now settled. JIL agreed to provide funding of up to $5 million in this case and has made a profit of $3.5 million on this investment.
Further information on the market and the Company's investments will be published in the Company's interim report and accounts for the period from Admission to 30 June 2008.
Lord Dan Brennan, chairman of JIL, commented "The progress of investment to date is in keeping with our initial expectations and, in particular, it is encouraging to be in receipt of profits from an investment at such an early stage."
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Richard W. Fields Juridica Management Limited +1 (866) 443-1080 |
Stephen Keys/Camilla Hume Cenkos Securities plc +44 (0) 20 7397 8900 |
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