Forbes Ventures Plc – Litigation Financing Securitization Update
Forbes Ventures provides an additional update on its first litigation finance securitization and an update on the suspension of trading of its shares.
Update on the securitization of litigation financing
Forbes is informed by its Maltese corporate advisers that Forbes Ventures CC 1 (the “Issuer”) for which the Maltese corporate advisor acts as manager, has not received the binding commitments expected for the first issue before on December 17, 2021. The issuer continues its discussions with several investors and the Company continues to work on the first issue during the last week of December 2021. The Company will make further announcements upon receipt of the relevant information.
Publication of results and restoration of trading
The Directors expect that the audited accounts of the Company for the financial year ended December 31, 2020, and the interim accounts for the period to June 30, 2021, will be published on December 31, 2021, and that trading of the Company’s common shares on the Access segment of the AQSE Growth Market will be re-established following these announcements.
CC Capital Limited (formerly MEGH UK Limited), the Company’s largest shareholder, has confirmed that it will continue to provide funds to cover the operating costs of Forbes Ventures, pending receipt of funds by the Company from the securitizations of litigation financing.
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For more information, please contact:
| Forbes Enterprises Peter Moss, President Rob Cooper, CEO | 01625 568 767 020 3687 0498 |
| Corporate Advisor AQSE Peterhouse Capital Limited Marc Anwyl | 020 7469 0930 |
Disclosure of Market Abuse Regulation (MAR)
This announcement contains inside information for the purposes of Article 7 of the EU Market Abuse Regulation 596/2014, as it is part of retained EU law (as defined in European Union law (withdrawal ) 2018).
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