Transaction in Own Shares

RNS Number : 2429J

Life Settlement Assets PLC

16 August 2019

 

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Transaction in own shares

The Company announces that on 15 August 2019 it purchased for cancellation 62,000 D Ordinary Shares of $0.01 each at a price of US$1.00 per share and 30,000 E Ordinary Shares of $0.01 each at a price of US$3.00 per share, pursuant to the buyback programme announced on 6 August 2019.

Following the transaction, the Company has 9,105,561 D Ordinary Shares in issue and 1,643,269 E Ordinary Shares in issue. There are no D Ordinary Shares or E Ordinary Shares held in treasury.

Each of the Company's A Ordinary, B Ordinary, D Ordinary and E Ordinary Shares carries the same voting rights (save in respect of matters relating solely to a specific Share Class) therefore the total number of voting rights in the Company is 65,236,319. 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 Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by LSA, 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 D Ordinary shares (ISIN: GB00BF1Q4N27)

Date of purchase:                    15 August 2019

Aggregate information:

Aggregated Volume:                         62,000

Volume-weighted average price:      US$1.00

Venue:                                               London Stock Exchange

Individual transactions:

Number of D Ordinary Shares purchased	Transaction price (per D Ordinary Share)	Time of transaction
62,000	US$1.00	16:04

Shares purchased:                  Life Settlement Assets PLC E Ordinary shares (ISIN: GB00BF1Q4D29)

Date of purchase:                    15 August 2019

Aggregate information:

Aggregated Volume:                         30,000

Volume-weighted average price:      US$3.00

Venue:                                               London Stock Exchange

Individual transactions:

Number of E Ordinary Shares purchased	Transaction price (per E Ordinary Share)	Time of transaction
30,000	US$3.00	16:04

Enquiries:

Shore Capital (Financial Adviser and Broker) 

Robert Finlay

020 7601 6115 

George Bayer / Kerry Higgins 

Maitland Administration Services Limited 

Company Secretary                                                                                                         

Tel: [phone] 

 

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