Life Settlement Assets PLC Holding(s) in Company (6813T)
26 Marzo 2021 - 2:08PM
UK Regulatory
TIDMLSAA TIDMLSAB
RNS Number : 6813T
Life Settlement Assets PLC
26 March 2021
Life Settlement Assets PLC
LEI: 2138003OL2VBXWG1BZ27
(the "Company" or "LSA")
Company update
The Company has been informed that Tomson Pte Ltd ("Tomson"), a
company wholly owned by Jean-Michel Paul, the founder of the
Company's investment manager, Acheron Capital Limited, has acquired
a holding of 81.88% of the shares in the capital of Ahmose SA,
which is in liquidation. Ahmose SA currently holds 4,201,746 B
Ordinary Shares in the capital of the Company. Mr Paul understands
that the liquidator of Ahmose SA may distribute its entire holding
of B Ordinary Shares to Ahmose SA's shareholders pro rata to their
shareholdings. The decision to do so remains at the discretion of
the liquidator, and there is no certainty if or when it will take
place. However, if this were to occur, Tomson is expected to
receive 3,440,390 B Ordinary Shares as a result of such
distribution. In addition to Tomson's current holding of 4,389, 682
A Ordinary Shares and 354,000 B Ordinary Shares, Tomson, would,
following such distribution, directly hold shares in the Company
representing 14.03% of the voting rights in the Company (assuming
such distribution was made at today's date.) In such circumstances,
an announcement would be made in accordance with the Disclosure
Guidance and Transparency Rules.
Enquiries:
Acheron Capital Limited (Investment Manager)
Jean-Michel Paul
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7601 6115
ISCA Administration Services Limited (Company Secretary)
Tel: 01392 487056
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END
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March 26, 2021 09:08 ET (13:08 GMT)
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