Life Settlement Assets PLC Share Premium Account & Dividend Declaration (9373C)

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RNS Number : 9373C

Life Settlement Assets PLC

20 June 2019

For immediate release

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Share Premium Account Cancellation and Dividend Declaration

The Company is pleased to announce that, following on from its announcements on 14 May 2019 and 4 June 2019 regarding the return of capital to A, D and E Ordinary Shareholders, Court confirmation of the Share Premium Account Cancellation was received on 18 June 2019 and, on the same day, was registered at Companies House.

Furthermore, the Company has today declared the following special dividends, to be paid out of the reserve created on the cancellation of the share premium account:

   -     for A Ordinary Shareholders, a special dividend of 5.50 US cents per share 
   -     for D Ordinary Shareholders, a special dividend of 37.66 US cents per share 
   -     for E Ordinary Shareholders, a special dividend of 259.62 US cents per share 

The above dividends will be paid on 19 July 2019 to all Shareholders on the share register on 28 June 2019.

Defined terms used in this announcement have the meanings given in the Company's Circular dated 4 June 2019 unless the context otherwise requires.

Enquiries:

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Shore Capital (Financial Adviser and Broker)

Robert Finlay

020 7601 6115

George Bayer / Kerry Higgins

Maitland Administration Services Limited

Company Secretary

Tel: [phone]

TB Cardew (Financial PR)

Shan Shan Willenbrock

020 7930 0777

Notes to Editors

LSA is a closed-ended investment company which manages portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating predominantly in the United States. The life settlement market enables individuals to sell their life insurance policies to investors at a higher cash value than they would otherwise receive from insurance companies (if they were cancelled or surrendered at the date of sale). The Company aims to manage portfolios of life settlement products so that the realised value of the policy maturities exceeds the aggregate cost of acquiring the policies, ongoing premiums, management fees and other operational costs. LSA was is listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 20, 2019 09:56 ET (13:56 GMT)