Juridica Investments Limited Company Update (5309B)

TIDMJIL

RNS Number : 5309B

Juridica Investments Limited

10 January 2018

Juridica Investments Limited

10 January 2018

(the "Company")

Company Update

The Board of Directors and the Company's Manager continue to work to monetise all of the Company's remaining investments.

At the present time, there are two remaining litigation investments. The Board of Directors and the Manager believe that both investments have the potential to generate significant value for the Company. The Board of Directors and the Manager are optimistic that these litigations will be resolved by 31 December 2018.

Investors should be assured that the Board of Directors will continue to operate the Company efficiently and monetise the Company's remaining investments in an orderly fashion so as to preserve and realise the full value of all remaining investments. Further details will be included in the Company's Year-end 2017 results to be released as soon as practicable.

The Board of Directors continues to reduce operating expenses; having agreed to pay the Company's Manager Q1 & Q2 2018 management fee of USD125,000.00 per quarter - to be reviewed after Q2 2018.

 
 Enquiries: 
 
 For further information contact: 
 
 Brickell Key Asset Management 
  LLC - Manager                         +1 (866) 443 
  William Yuen                                  1080 
 Cenkos Securities PLC - Nominated 
  Adviser and Joint Broker 
  Nicholas Wells                          +44 (0) 20 
  Camilla Hume                             7397 8900 
 Investec Bank PLC - Joint Broker        +44 (0) 20 
  Darren Vickers                          7597 5970 
 Vistra Guernsey - Company Secretary       +44 01481 
  Chris Bougourd                             754 145 
 
 http://www.juridicainvestments.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 10, 2018 12:00 ET (17:00 GMT)