Juridica Investments Limited Result of AGM (8491X)

TIDMJIL

RNS Number : 8491X

Juridica Investments Limited

10 May 2016

Juridica Investments Limited

("JIL" or the "Company")

Result of Annual General Meeting ("AGM")

The Company is pleased to announce that all resolutions put to the AGM held today at 11 New Street, St Peter Port, Guernsey were duly passed.

Final Proxy Voting Figures

 
Resolution.            Business              Total         For        Against    Withheld 
 
             Ordinary Business 
             THAT each of the 
              Annual Report and 
              Accounts for the 
              period commencing 
              1 January 2015 
              and ending 31 December 
              2015, the Directors' 
              Report and the 
              Auditors' Report 
              be received and 
1             adopted;                     86,091,310    86,089,810           0         0 
             THAT the total 
              aggregate remuneration 
              of the Directors 
              of the Company, 
              being US$523,738, 
              in respect of the 
              year ended 
              31 December 2015, 
2             be approved;                 86,091,310    86,073,910      12,400     3,500 
             THAT John Kermit 
              Birchfield be re-elected 
              as a Director of 
3             the Company;                 86,091,310    86,088,810       1,000         0 
             THAT PricewaterhouseCoopers 
              CI LLP be re-appointed 
              as auditors of 
4             the Company                  86,091,310    86,088,810       1,000         0 
             THAT the Directors 
              be authorised to 
              fix the remuneration 
5             of the auditors              86,091,310    86,088,814         996         0 
             Special Business 
 
             THAT In accordance 
              with Article 4(2) 
              of the Articles 
              of Incorporation 
              that the Company 
              generally be and 
              is hereby authorised 
              for the purposes 
              of section 315 
              of the Law to make 
              one or more market 
              acquisitions (as 
              defined in the 
              Law) of ordinary 
              shares in the capital 
              of the Company 
              ("Shares") subject 
              to certain provisions 
              contained within 
6             the notice of AGM            86,091,310    75,523,910  10,565,900         0 
             Special Resolution 
 
             THAT the articles 
              of incorporation 
              of the Company 
              be amended by deleting 
              articles 158 and 
              159 and replacing 
              them with "158. 
              [Intentionally 
              left blank]" and 
              "159. [Intentionally 
 7.           left blank]", respectively.  86,091,310    84,542,486   1,520,000   27,324 
 
 

For further information contact:

 
 Juridica Asset Management 
  Limited Richard W. 
  Fields                      [phone] 
 Cenkos Securities PLC 
  (Nominated Adviser 
  and Broker) 
  Nicholas Wells              [phone] 
 Investec Bank PLC 
  Darren Vickers              [phone] 
 
 Bell Pottinger 
  Olly Scott 
  Helen O'Hara                [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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May 10, 2016 13:07 ET (17:07 GMT)