5 March 2021
FORBES VENTURES
(“Forbes” or the “Company”)
Update on
Litigation Funding Securitisation
Forbes Ventures is pleased to announce a further update on its
first Litigation Funding Securitisation.
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, is expected
to take place during the week commencing 15
March 2021.
The previously announced second Litigation Funding
Securitisation of GBP 60 million
two-year notes is expected to be listed within 60 days of the First
Issue.
As previously announced, FVIM will receive a one-off fee of 2%
of funds raised in each issue.
The Company is in ongoing discussions with originators of
assets, of various types, for whom it intends to use its
infrastructure to facilitate securitisation. Further
announcements will be made upon the Company entering into any such
arrangements.
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).