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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Forbes Vent. | LSE:FOR | London | Ordinary Share | KYG361891016 | ORD 0.1P (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
18 December 2020
FORBES VENTURES
(“Forbes” or the “Company”)
Update on Litigation Funding Securitisation
Forbes Ventures is pleased to announce an update on its first Litigation Funding Securitisation.
The Company has resolved the structuring and legal issues which had delayed this initial securitisation and is now engaged with an investor to fund and close an issue of GBP 40 million two-year notes. Settlement of the transaction is expected to take place during January 2021.
The Company also announces that it is in advanced discussions with counterparties to undertake a second Litigation Funding Securitisation of GBP 60m of two-year notes in the first quarter of 2021.
The Company will make a further announcement on completion of the first Litigation Funding Securitisation.
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
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Copyright r 17 PR Newswire
1 Year Forbes Vent. Chart |
1 Month Forbes Vent. Chart |
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