Juridica Investments Limited Investment Manager Arrangements (1616W)
05 November 2014 - 6:00PM
UK Regulatory
TIDMJIL
RNS Number : 1616W
Juridica Investments Limited
05 November 2014
Juridica Investments Limited
('Juridica' or the 'Company')
Investment Manager Arrangements
The Board of Juridica is pleased to announce a development in
relation to Juridica Asset Management Limited ("JAML"), its
investment manager, which is expected to have a positive impact on
the Company.
JAML has entered into an investment advisory agreement with a
third party client, which is a well established institutional
investor, as permitted by the terms of the investment management
agreement between Juridica and JAML, and Juridica has agreed to a
co-allocation policy in respect of future investment opportunities
presented by JAML. This advisory agreement provides JAML with
significant capital to co-invest alongside the Company.
The agreement has effect from 5 November 2014, so that where a
follow-on investment in respect of an existing Juridica investment
becomes available, Juridica shall have a right of first refusal in
respect of the entire investment and where new investment
opportunities arise that fall within Juridica's investment policy,
they will be offered to Juridica and the new client pro rata to
each party's deployable capital.
The Board considers that JAML's ability to take on substantial
third party mandates has a number of potential benefits for
Juridica, including access to a broader, more diverse range of
investment opportunities. As described in the circular published by
Juridica in October 2013, the Company has sought to mitigate the
potential risks of not being the sole mandate of its manager
through various contractual protections in the investment
management agreement between Juridica and JAML.
- Ends -
This document contains forward looking statements, which are
based on Juridica Asset Management Limited's (JAML) current
expectations and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. It is believed that the expectations reflected in these
statements are reasonable, but they may be affected by a number of
variables which could cause actual results or trends to differ
materially. Each forward looking statement speaks only as of the
date of this announcement. Except as required by the AIM Rules, the
London Stock Exchange or otherwise by law, the Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward looking statements contained
herein to reflect any change in the Company's or JAML's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
For further information contact:
Juridica Asset Management
Limited
Richard W. Fields +1 (866) 443 1080
Cenkos Securities PLC
(Nominated Adviser and Broker)
Nicholas Wells
Ian Soanes +44 (0) 20 7397 8900
Investec Bank PLC
(Joint Broker)
Jeremy Ellis +44 (0)20 7597 4000
Peel Hunt LLP
(Joint Broker)
Guy Wiehahn +44 (0)20 7418 8900
Bell Pottinger
Olly Scott +44 (0) 20 3772 2567
About Juridica Investments Limited
Juridica Investments is a leading provider of strategic capital
to the business community and the legal markets for corporate
claims. It invests directly and indirectly in a diversified
portfolio of corporate claims in litigation and arbitration.
Juridica is one of the premier sources of value-added and direct
financing for large business claims in the United States and one of
the leading sources in the United Kingdom.
The Company's clients are Fortune 1000 companies, FT Global 500
companies, inventors, major universities, and the leading law firms
that represent them. Juridica only accepts cases that have already
been carefully vetted and undertaken by leading lawyers.
Juridica's capital enables the legal system to better address
business claims. It does not invest in speculative claims or claims
that do not demonstrate economic value and clear merits. Juridica
invests only in business claims, and does not invest in class
actions, personal injury, product liability, or mass tort claims.
Juridica's investment strategy provides business clients with
financial choices that reduce risk and assist in maximizing claim
value.
The Company's goal is to provide business clients with financial
choices that reduce risk and assist in maximising claim value.
Juridica was established on 21 December 2007 as a limited
liability, closed-ended investment company registered in Guernsey.
It has over US$200 million of assets under management. It was the
pioneer in alternative litigation financing and the first
closed-end fund of its kind ever listed on AIM, a market operated
by the London Stock Exchange (AIM: JIL.L).
The Company has appointed Juridica Asset Management Limited as
its exclusive investment manager to locate, evaluate and manage
direct and indirect investments in cases, claims and disputes.
http://www.juridicainvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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