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)
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| Date of purchase: | 12 June 2024
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Aggregate information: | |
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| Aggregated Volume: | 200,000 |
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| Volume-weighted average price: | $1.73 |
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| 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.
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