JIL Juridica

TIDMJIL

RNS Number : 7692U

Juridica Investments Limited

11 April 2016

Juridica Investments Limited

("Juridica," or the "Company")

Portfolio update

Juridica, a provider of strategic capital for corporate legal claims to both businesses and the legal markets, provides the following portfolio update.

Two cases in the Company's portfolio have reached settlement, with one being a definitive settlement agreement and the second being a partial settlement agreement and this latter case is ongoing. Gross proceeds from the definitive settlement agreement are expected to be approximately US$65 million and approximately US$800,000 from the partial settlement agreement. These gross proceed amounts will be reduced by tax and other reserves and Juridica expects net proceeds from both settlements to be transferred to the Company prior to the end of 2016.

Subject to the receipt of cash proceeds described above, the Board will consider the most appropriate way in which to distribute returns to shareholders.

These two case results represent approximately US$55 million of the US$126 million 2015 year-end NAV reported by the Company on 31 March 2016.

- 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 Investments Limited 
  Lord Brennan                        +44 (0) 20 
  c/o Bell Pottinger                   3772 2500 
 Cenkos Securities PLC - Nominated 
  Adviser and Joint Broker 
  Nicholas Wells                      +44 (0) 20 
  Camilla Hume                         7397 8900 
 Investec Bank PLC - Joint Broker 
  Darren Vickers                      +44 (0) 20 
  Jeremy Ellis                         7597 4000 
 Bell Pottinger 
  Olly Scott                          +44 (0) 20 
  Zoe Pocock                           3772 2500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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