Portfolio Update (9450G)
20 5월 2011 - 3:00PM
UK Regulatory
TIDMJIL
RNS Number : 9450G
Juridica Investments Limited
20 May 2011
Juridica Investments Limited
('Juridica' or the 'Company')
Portfolio update
Juridica, a leading provider of strategic capital to both
businesses and the legal markets for corporate claims, is pleased
to announce a favourable and complete resolution of Case 6509-A,
which involved a significant judgment obtained in an action for
breach of contract, fraud, and related claims in a US federal
court. The resolution occurred following the confirmation by the
appeals court of the favourable jury verdict achieved at the
district court level.
The case will generate US$4.5 million for the Company delivering
an internal rate of return of 54% on an initial investment of
US$2.4 million. The case completed within 17 months of the 23
December 2009 investment date.
Richard W. Fields, Chairman and Chief Executive of Juridica
Capital Management, the Investment Manager, said: "We are delighted
to have maintained our excellent investment record for fully
completed cases and delivered another positive result for
shareholders. Looking to the future, as outlined in our recent
results statement, we expect that a further three to six cases have
the possibility of completing in the next six to 18 months. We are
optimistic that the portfolio will continue to deliver high quality
returns."
- Ends -
For more information please contact:
Juridica Capital Management
Limited
Richard Fields, Chief Executive +1 866 443 1080
Cenkos Securities plc
(Nominated Adviser and Broker)
Nicholas Wells
Camilla Hume +44 (0)20 7397 8900
Pelham Bell Pottinger
David Rydell
Olly Scott +44 (0)20 7861 3232
About Juridica
Juridica is a leading provider of capital to the business
community and the legal market. It invests directly and indirectly
in a diversified portfolio of commercial claims and disputes. The
Company's objective is to be the premier source of value-added and
direct financing or large business claims, especially in the United
States and the United Kingdom.
Our clients are Fortune 1000 companies, FT Global 500 companies,
small businesses, inventors, major universities and the leading law
firms that represent them. Juridica accepts only cases that have
already been carefully vetted and accepted by qualified lawyers,
does not invest in speculative cases and accepts only a small
fraction of the cases reviewed.
The Company focuses exclusively on business-to-business related
claim investments. It does not invest in shareholder class actions,
personal injury, product liability, or mass tort claims.
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 and is listed
on AIM, a market operated by the London Stock Exchange (AIM:
JIL).
The Company has appointed Juridica Capital Management Limited as
its exclusive investment manager to locate, select and manage
direct and indirect investments in cases, claims and disputes.
For more information visit Juridica at
http://www.juridicainvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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