Forbes Ventures Plc - Update on Litigation Funding Securitisation PR Newswire

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.