Life Settlement Assets PLC Share Premium Account & Dividend Declaration (9373C)
20 June 2019 - 11:56PM
UK Regulatory
TIDMLSAA TIDMLSAB TIDMLSAD TIDMLSAE
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
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