Life Settlement Assets PLC Capital Reorganisation Following Share Merger (6388A)

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RNS Number : 6388A

Life Settlement Assets PLC

02 June 2021

Life Settlement Assets PLC

LEI: 2138003OL2VBXWG1BZ27

(the "Company" or "LSA")

Merger calculation

The Company announces that, pursuant to the terms set out in the Circular published by the Company on 30 April 2021 (the "Circular"), the number of new A Ordinary Shares of US$0.01 to be admitted following the re-designation of the B Ordinary Shares is a total of 6,102,725.

Application has been made to the London Stock Exchange for the new A Ordinary Shares to commence dealing at 8:00 a.m. on 3 June 2021, on the Specialist Fund Segment of the Main Market. The shares will rank pari passu with the existing A Ordinary Shares.

Application has also been made to the London Stock Exchange to de-list and cancel the B Ordinary Share Class, expected to become effective at 8:00 a.m. on 3 June 2021.

The Deferred Shares arising from the redesignation of the B Ordinary Shares do not form part of the Company's capital and therefore are not listed. The Company will repurchase and cancel all Deferred Shares as soon as practicable.

Expected timetable

 
                                                             2021 
 CREST accounts credited for revised                       3 June 
  holdings of new A Ordinary Shares 
                                          ----------------------- 
 Expected despatch of share certificates   Week commencing 7 June 
  for holdings of new A Ordinary Shares 
                                          -----------------------

Total voting rights

The Company announces that following admission its issued share capital will consist of 49,826,784 A Ordinary Shares of $0.01 each. The Company holds no shares in Treasury.

The total number of voting rights in the Company is 49,826,784. 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.

All capitalised terms in this announcement have the meaning given to them in the Circular, unless otherwise defined herein.

Enquiries:

Life Settlement Assets plc

Michael Baines (Chairman)

020 7258 5990

Acheron Capital Limited (Investment Manager)

Jean-Michel Paul

020 7258 5990

Shore Capital (Financial Adviser and Broker)

Robert Finlay

Rose Ramsden

020 7408 4090

ISCA Administration Services Limited

Company Secretary

Jon Carslake

Tel: 01392 487056

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June 02, 2021 12:01 ET (16:01 GMT)

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