REG - Litigation Cap. Mgmt - Transaction in Own Shares

InvestecAnnouncement

09/01/2024 08:15

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RNS Number : 0151Z  Litigation Capital Management Ltd  09 January 2024

09 January 2024

Litigation Capital Management Limited

("LIT", the "Company" or the "Group")

Transaction in Own Shares

 

The Company announces that Canaccord Genuity Limited ("Canaccord") has made
the following purchases of ordinary shares of no par value in the capital of
the Company ("Ordinary Shares"), on its behalf on the London Stock Exchange,
pursuant to the Share Buyback Programme announced on 5 October 2023.

 Date of purchase                                            08 January 2024
 Number of Ordinary Shares purchased (aggregated volume):    20,000
 Highest Price paid per Ordinary Share (p):                  99.50
 Lowest Price paid per Ordinary Share (p):                   97.80
 Volume Weighted Average Price paid per Ordinary Share (p):  98.65
 Venue where Ordinary Shares are traded                      London Stock Exchange (AIM)

Canaccord holds the repurchased shares on behalf of the Company. Following the
purchase, the number of Ordinary Shares in issue and admitted to trading on
AIM will be 118,700,436 excluding shares held by Canaccord (being the "Total
Share Capital"). Canaccord on behalf of the Company will hold 499,896 ordinary
shares, representing approximately 0.4211 per cent of the Total Share Capital.

 

This figure of 118,700,436 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

The Company and Canaccord will make further announcements in due course
following the completion of any further purchases pursuant to the Share
Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the schedule below contains detailed information about the
purchases made by Canaccord on behalf of the Company.

Individual transactions:

 Number of shares purchased  Transaction price (pence per share)  Time of transaction  Trading venue
 5,000                       97.8                                 14:53:32             London Stock Exchange
 5,000                       97.8                                 15:09:57             London Stock Exchange
 10,000                      99.5                                 16:23:08             London Stock Exchange

 

Enquiries

 

 Litigation Capital Management             c/o Tavistock
 Patrick Moloney, Chief Executive Officer

 Mary Gangemi, Chief Financial Officer

 Canaccord (Nomad and Joint Broker)        Tel: 020 7523 8000
 Bobbie Hilliam

 Investec Bank plc (Joint Broker)          Tel: 020 7597 5970
 David Anderson

 Tavistock (PR and IR)                     Tel: 020 7920 3150
 Tim Pearson                               lcm@tavistock.co.uk

 Katie Hopkins

 

NOTES TO EDITORS

Litigation Capital Management (LCM) is an alternative asset manager
specialising in disputes financing solutions internationally, which operates
two business models. The first is direct investments made from LCM's permanent
balance sheet capital and the second is third party fund management. Under
those two business models, LCM currently pursues three investment strategies:
Single-case funding, Portfolio funding and Acquisitions of claims. LCM
generates its income from both its direct investments and also performance
fees through asset management.

 

LCM has an unparalleled track record driven by disciplined project selection
and robust risk management. Currently headquartered in Sydney, with offices in
London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018,
trading under the ticker LIT.

 

www.lcmfinance.com (http://www.lcmfinance.com/)

 

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