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Forbes Ventures Plc - Update on Litigation Funding Securitisation

·1-min read

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).