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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 |
26 July 2021
FORBES VENTURES
(“Forbes” or the “Company”)
Update on Litigation Funding Securitisation and Suspension of Trading
Forbes Ventures provides a further update on its first Litigation Funding Securitisation and an update on the suspension of trading in its shares.
Litigation Funding Securitisation Update
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 (“FVIM”) acts as collateral agent, has now been approved by the Listing Committee of the Maltese Financial Services Authority.
The Directors are pleased that the listing process can now commence with the Maltese Stock Exchange and look forward to the first issue closing shortly.
The Company intends to proceed with the launch of its previously announced second Litigation Funding Securitisation of GBP 60 million two-year notes immediately after closing of the First Issue.
Suspension of Trading
The Company is making good progress with completion of its Audit and expects to be in a position to complete the same within the next 21 days. Upon completion and filing of the audit, the Company will apply for trading in its ordinary shares to be restored.
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).
Copyright y 26 PR Newswire
1 Year Forbes Vent. Chart |
1 Month Forbes Vent. Chart |
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