Life Settlement Assets PLC Transaction in Own Shares (9836J)

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RNS Number : 9836J

Life Settlement Assets PLC

23 August 2019

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Transaction in own shares

The Company announces that on 22 August 2019 it purchased for cancellation 48,000 D Ordinary Shares of $0.01 each at a price of US$1.00 per share, pursuant to the buyback programme announced on 6 August 2019.

Following the transaction, the Company has 8,792,561 D Ordinary Shares in issue. There are no D Ordinary Shares held in treasury.

Each of the Company's A Ordinary, B Ordinary, D Ordinary and E Ordinary Shares carries the same voting rights (save in respect of matters relating solely to a specific Share Class) therefore the total number of voting rights in the Company is 64,870,365. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The above purchase completes the share buyback programme in relation to the D Ordinary Shares. The Company will make further announcements in due course following the completion of any further purchases of E Ordinary Shares pursuant to the buyback programme.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by LSA, which were all executed through the Company's broker, Shore Capital Stockbrokers, are set out below:

Schedule of Purchases:

Shares purchased: Life Settlement Assets PLC D Ordinary shares (ISIN: GB00BF1Q4N27)

   Date of purchase:                          22 August 2019 

Aggregate information:

   Aggregated Volume:                      48,000 
   Volume-weighted average price:   US$1.00 
   Venue:                                            London Stock Exchange 

Individual transactions:

 
 Number of D Ordinary      Transaction price      Time of transaction 
   Shares purchased      (per D Ordinary Share) 
        48,000                  US$1.00                  16:02 
                       ------------------------  -------------------- 
 

Enquiries:

Shore Capital (Financial Adviser and Broker)

Robert Finlay

020 7601 6115

George Bayer / Kerry Higgins

Maitland Administration Services Limited

Company Secretary

Tel: [phone]

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August 23, 2019 02:00 ET (06:00 GMT)