Forbes Ventures Plc - Update on Litigation Funding Securitisation
PR Newswire
London, March 31
31 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 acts as collateral agent, was filed last week with the Malta Financial Service Authority for approval and listing.
The short-term delays to listing and final closing of the First Issue have been administrative in nature and beyond the Company's direct control. The Company expects the listing and final placement of the First Issue to be complete in the coming weeks and will update the market next upon completion.
The previously announced second Litigation Funding Securitisation of GBP 60 million two-year notes is expected to be listed by 31 May 2021, and work is underway in preparation of the same.
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).
