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DJ Forbes Ventures Plc Board Changes and Operational Update

 
TIDMFOR 
 
30 March 2020 
 
                                FORBES VENTURES 
                          ("Forbes" or the "Company") 
 
                     Board Changes and Operational Update 
 
Forbes Ventures announces that Kirk Kashefi and Igor Zjalic have resigned as 
Non-executive Directors of the Company with immediate effect.  Additionally, 
Igor Zjalic has resigned as a director of Forbes' subsidiary, Forbes Ventures 
Investment Management Limited.  The resignations of Kirk and Igor are by mutual 
consent and follow Forbes' announcement of 2 March 2020, which confirmed that 
the Company's future strategy would focus on the securitisation of litigation 
funding assets, via the establishment of a Securitisation Cell Company (SCC) in 
Malta. 
 
Forbes expects to appoint additional directors to the Board as the Company's 
strategy progresses. 
 
Peter Moss, Chairman of Forbes, commented, "We would like to thank both Kirk 
and Igor for their service to Forbes over the last couple of years and wish 
them both the very best in their future endeavours.  We at Forbes are extremely 
excited about our new direction and the establishment of our securitisation 
capability in Malta.  The set-up of our Securitisation Cell Company is 
progressing well, and we do not foresee any delays in the process, despite the 
Covid-19 virus.  While global markets may remain volatile in the short term, we 
believe that securitised litigation funding assets, with appropriate credit 
support, will prove to be popular with institutional credit investors when the 
current market volatility subsides. 
 
The Directors of Forbes accept responsibility for the contents of this 
announcement. 
 
                                     ENDS 
 
For further information, please contact: 
 
Forbes Ventures 
Peter Moss, Chairman                                          01625 568 767 
Rob Cooper, Chief Executive Officer                           020 3687 0498 
 
AQSE Corporate Adviser 
Peterhouse Capital Limited                                    020 7469 0930 
Mark Anwyl and Allie Feuerlein 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 30, 2020 02:01 ET (06:01 GMT)