Juridica announces special dividend

Juridica, a firm which provides strategic capital to businesses and legal markets, has announced a special dividend of 7p per share.

The decision arose from a number of successes during 2011, when it received gross cash proceeds during 2011 totaling around $17m, resulting in cash profits of around $12.3m. The proceeds are the result of seven different legal cases.

A case involving one of the company's larger investments was expected to reach an important milestone by year-end. However, this case is not yet completed and proceedings in the case are continuing, the firm said. Further developments are expected in this case in the first quarter of 2012.

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The share price rose 3.31% to 93.5p by 13:00PM.

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