Juridica Investments Limited Investment Manager Arrangements (1616W)

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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.

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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                 [phone] 
 Cenkos Securities PLC 
  (Nominated Adviser and Broker) 
  Nicholas Wells 
  Ian Soanes                        [phone] 
 Investec Bank PLC 
  (Joint Broker) 
  Jeremy Ellis                      [phone] 
 Peel Hunt LLP 
  (Joint Broker) 
  Guy Wiehahn                       [phone] 
 Bell Pottinger 
  Olly Scott                        [phone] 
 

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

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