REG - Life Settlement - Transaction in Own Shares

Life Settlement AssetsAnnouncement

20/06/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240620:nRST1311Ta&default-theme=true

RNS Number : 1311T  Life Settlement Assets PLC  20 June 2024

Life Settlement Assets PLC (the "Company" or "LSAA")

LEI: 2138003OL2VBXWG1BZ27

Transaction in Own Shares

The Company announces that on 19 June 2024 it purchased for cancellation
100,000 A Ordinary Shares of US$0.01 each at a price of $1.74 per share,
pursuant to the buyback programme announced on 5 June 2024.

Following the cancellation, the Company will have 49,526,784 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:                19 June 2024

 Aggregate information:

 Aggregated Volume:               100,000

 Volume-weighted average price:   $1.74

 Venue:                           London Stock Exchange

 

 

Individual transactions:

 

 Number of A Ordinary Shares purchased  Transaction price (per A Ordinary Share)  Time of transaction
 100,000                                $1.74                                     11.57

 

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSFLMPTMTMBBII