Litigation Cap. Mgmt - Director/PDMR Shareholding

Litigation Capital Management

23/11/2023 16:51

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RNS Number : 5184U  Litigation Capital Management Ltd  23 November 2023

23 November 2023

Litigation Capital Management Limited

("LCM" or the "Company")

 Exercise of Awards

Litigation Capital Management Limited (AIM:LIT), a leading international
alternative asset manager of disputes financing solutions, announces that Mary
Gangemi, a Person Discharging Managerial Responsibilities (PDMR), exercised
options over 67,108 ordinary shares of which 36,848 are being retained and
held and 30,260 have been sold to cover tax arising from the sale.  Following
the exercise Mary Gangemi has an interest 64,348 ordinary shares, representing
0.05 per cent. of the issued share capital of the Company.

In addition to the above, a further 20,885 ordinary shares have been exercised
by various non-PDMR employees.

The awards set out above were initially granted under the Company Deferred
Bonus Share Plan ('DBSP') on 4 October 2022 and have been satisfied by the
Employee Benefit Trust

Employee Benefit Trust ('EBT')

The Company has an EBT. The EBT is a discretionary trust for the benefit of
the Company's employees, including the Directors of the Company. Following
the exercise of the options detailed above, the EBT of the Company currently
holds 4,662,027 Ordinary Shares, representing 3.91 per cent. of the of the
Company's total voting rights.

For reference, the figure of 119,121,232 should 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
 Mary Gangemi, Chief Financial Officer
 Canaccord (Nomad and Joint Broker)        Tel: 020 7523 8000
 Bobbie Hilliam
 Alex Orr
 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/)

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated with
them.

 

 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                        CFO
 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  Exercise of option over ordinary shares
 b)  Nature of the transaction                Exercise of options to hold
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Award
                                              nil       67,108     DBSP

 
 d)  Aggregated information

     - Aggregated volume                      67,108 options over ordinary shares

     - Aggregated price                       Nil(p)

     - Aggregated total
 e)  Date of the transaction                  22 November 2023 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

67,108 options over ordinary shares

Nil(p)

e)

Date of the transaction

22 November 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                        CFO
 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  Ordinary shares
 b)  Nature of the transaction                Sale of ordinary shares
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              102.25p   30,260

 
 d)  Aggregated information

     - Aggregated volume                      30,260 ordinary shares

     - Aggregated price                       102.25p

     - Aggregated total
 e)  Date of the transaction                  22 November 2023 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

30,260 ordinary shares

102.25p

e)

Date of the transaction

22 November 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

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