Litigation Cap. Mgmt - Director/PDMR Shareholding

Litigation Capital Management

05/10/2023 13:40

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RNS Number : 8604O  Litigation Capital Management Ltd  05 October 2023

05 October 2023

Litigation Capital Management Limited

("LCM" or the "Company")

 Incentive Awards

Litigation Capital Management Limited (AIM:LIT), a leading international
alternative asset manager of disputes financing solutions, announces that on 4
October 2023 it granted a number of incentive awards to employees and
directors of the Company under the Deferred Bonus Share Plan ('DBSP').

The following table details the quantum of Awards granted and the recipients:

 Employee            Position                 Incentive Scheme  Number of Share/Options Awarded
 Patrick Moloney     Chief Executive Officer  DBSP              167,043
 Mary Gangemi        Chief Financial Officer  DBSP              148,893
 Susanna Taylor      Head of APAC             DBSP              73,938
 Non-PDMR Employees  Various                  DBSP              382,036

 

Deferred Bonus Share Plan ('DBSP')

 

The Company has in place a DBSP. Options over Ordinary Shares are issued to
recipients under the Option awards. Options granted under the Plan are in the
form of nil cost options and will vest in three equal tranches from the date
of issue and are subject to continued employment over the three year period.

 

In addition, the Option awards are subject to malus and clawback
provisions. In the event of a change of control of the Company, unvested
awards will vest to the extent determined by the Board, taking into account
the proportion of the period of time between grant and the normal vesting date
that has elapsed at the date of the relevant event.

 

Employee Benefit Trust ('EBT')

The awards will be satisfied using the current EBT.

The figure 119,200,332 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 Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Enquiries

 

 Litigation Capital Management             c/o Tavistock PR
 Patrick Moloney, Chief Executive 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                              Tel: 020 7920 3150
 Tim Pearson                               lcm@tavistock.co.uk (mailto: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 revenue 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/)

 

 

 1.  Details of the Person discharging managerial responsibilities ("PDMR") /
     person closely associated with them ("PCA")
 a)  Name                                     Patrick John Moloney
 2.  Reason for the notification
 a)  Position / status                        Executive Director
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Litigation Capital Management Limited
 b)  Legal Entity Identifier                  213800J2B5SI8F515244
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument  Options over Ordinary Shares
 b)  Nature of the transaction                Grant of options:
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Plan
                                              £nil      167,043    DBSP

 
 d)  Aggregated information

     - Aggregated volume                      167,043 options over ordinary shares

     - Aggregated price

     - Aggregated total
 e)  Date of the transaction                  4 October 2023 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

167,043 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of the Person discharging managerial responsibilities ("PDMR") /
     person closely associated with them ("PCA")
 a)  Name                                     Mary Gangemi
 2.  Reason for the notification
 a)  Position / status                        Executive Director
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Litigation Capital Management Limited
 b)  Legal Entity Identifier                  213800J2B5SI8F515244
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument  Options over Ordinary Shares
 b)  Nature of the transaction                Grant of options:
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Award
                                              £nil      148,893    DBSP

 
 d)  Aggregated information

     - Aggregated volume                      148,893 options over ordinary shares

     - Aggregated price

     - Aggregated total
 e)  Date of the transaction                  4 October 2023 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

148,893 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of the Person discharging managerial responsibilities ("PDMR") /
     person closely associated with them ("PCA")
 a)  Name                                     Susanna Taylor
 2.  Reason for the notification
 a)  Position / status                        Head of APAC
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Litigation Capital Management Limited
 b)  Legal Entity Identifier                  213800J2B5SI8F515244
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument  Option over ordinary shares
 b)  Nature of the transaction                Grant of options
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Award
                                              £nil      73,938     DBSP

 
 d)  Aggregated information

     - Aggregated volume                      73,938 options over ordinary shares

     - Aggregated price

     - Aggregated total
 e)  Date of the transaction                  4 October 2023 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

73,938 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

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