18 December 2020
FORBES VENTURES
(“Forbes” or the “Company”)
Update on
Litigation Funding Securitisation
Forbes Ventures is pleased to announce an update on its first
Litigation Funding Securitisation.
The Company has resolved the structuring and legal issues which
had delayed this initial securitisation and is now engaged with an
investor to fund and close an issue of GBP
40 million two-year notes. Settlement of the
transaction is expected to take place during January 2021.
The Company also announces that it is in advanced discussions
with counterparties to undertake a second Litigation Funding
Securitisation of GBP 60m of two-year
notes in the first quarter of 2021.
The Company will make a further announcement on completion of
the first Litigation Funding Securitisation.
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
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.