Life Settlement Assets PLC
(the "Company" or "LSAA")
LEI:
2138003OL2VBXWG1BZ27
Transaction in Own
Shares
The Company announces that on 12
June 2024 it purchased for cancellation 200,000 A Ordinary Shares
of US$0.01 each at a price of $1.73 per share, pursuant to the
buyback programme announced on 5 June 2024.
Following the cancellation, the
Company will have 49,626,784 A Ordinary Shares in issue. There are
no A Ordinary Shares held in treasury. Accordingly, this figure may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the buyback programme.
In accordance with Article 5(1)(b)
of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018,
details of the purchase of its own ordinary shares by LSAA, which
were all executed through the Company's broker, Shore Capital
Stockbrokers, are set out below:
Schedule of Purchases:
|
Shares
purchased:
|
Life Settlement Assets PLC A Ordinary
shares (ISIN: GB00BF1Q4B05)
|
|
Date of
purchase:
|
12 June 2024
|
|
Aggregate information:
|
|
|
|
|
|
Aggregated Volume:
|
200,000
|
|
|
|
|
Volume-weighted average
price:
|
$1.73
|
|
|
|
|
Venue:
|
London Stock Exchange
|
Individual transactions:
|
Number of
A Ordinary Shares purchased
|
Transaction price (per A Ordinary Share)
|
Time of
transaction
|
|
200,000
|
$1.73
|
15.59
|
For
further information contact
Michael Baines
(Chair)
c/o ISCA Administration Services
Limited
01392 487056
Shore Capital (Financial Adviser and
Broker)
Gillian Martin / Anita Ghanekar /
Harry Davies-Ball
020 7408 4090
ISCA Administration Services
Limited
Company Secretary
Tel: 01392 487056
Notes to Editors
Life Settlement Assets PLC is a
closed-ended investment trust company which invests in, and
manages, portfolios of whole and fractional interests in life
settlement policies issued by life insurance companies operating
predominantly in the United States. The Company seeks to generate
long-term returns for investors by investing in the life settlement
market, through each of the separate Share Classes. The Company
aims to manage its investment in portfolios of life settlement
products so that the realised value of the policy maturities
exceeds the aggregate cost of acquiring the policies, ongoing
premiums, management fees and other operational costs.