31 March 2021
FORBES VENTURES
(“Forbes” or the “Company”)
Update on
Litigation Funding Securitisation
Forbes Ventures is pleased to announce a further update on its
first Litigation Funding Securitisation.
The Company has been advised by its Maltese Corporate Advisors
that the listing of the GBP 40
million two-year notes (the “First Issue”), for which Forbes
Ventures’ wholly owned subsidiary Forbes Ventures Investment
Management Limited acts as collateral agent, was filed last week
with the Malta Financial Service Authority for approval and
listing.
The short-term delays to listing and final closing of the First
Issue have been administrative in nature and beyond the Company’s
direct control. The Company expects the listing and final
placement of the First Issue to be complete in the coming weeks and
will update the market next upon completion.
The previously announced second Litigation Funding
Securitisation of GBP 60 million
two-year notes is expected to be listed by 31 May 2021, and work is underway in preparation
of the same.
The Directors of Forbes accept responsibility for the contents
of this announcement.
-ENDS-
For further information, please contact:
Forbes
Ventures
Peter Moss, Chairman
Rob Cooper, Chief Executive Officer |
01625 568 767
020 3687 0498 |
AQSE Corporate
Adviser
Peterhouse Capital Limited
Mark Anwyl
Allie Feuerlein |
020 7469 0930 |
Market Abuse Regulation (MAR)
Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms
part of retained EU law (as defined in the European Union
(Withdrawal) Act 2018).