REG - Litigation Cap. Mgmt - Director/PDMR Shareholding

Litigation Capital ManagementAnnouncement

15/11/2024 07:00

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RNS Number : 3378M  Litigation Capital Management Ltd  15 November 2024

15 November 2024

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 Susanna Taylor, a Person Discharging Managerial Responsibilities (PDMR)
exercised loan shares over 274,648 ordinary shares which have been sold to the
Employee Benefit Trust ('EBT').

The following table details the quantum of LSPs exercised which have been sold
to the EBT:

 Employee            Position             Incentive Scheme  Number of Share/Options Awarded
 Susanna Taylor      Head of APAC / PDMR  LSP               274,648
 Non-PDMR Employees  Various / Non-PDMR   LSP               509,871

 

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 purchase of the LSP's detailed above, the EBT of the
Company currently holds 4,270,308 Ordinary Shares, representing 3.74 per cent.
of the of the Company's total voting rights.

The notification below, made in accordance with the requirements of
the UK Market Abuse Regulation, provides further details.

 

Enquiries

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

 David Collins, Chief Financial Officer

 Cavendish (Nomad and Joint Broker)                      Tel: 020 7220 0500
 Jonny Franklin-Adams and Rory Sale (Corporate Finance)

 Tim Redfern and Jamie Anderson (Corporate Broking)

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

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

 Simon Hudson

 

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                                     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  Loan shares
 b)  Nature of the transaction                Exercise and sale of loan shares
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Award
                                              115,27p   274,648    LSP

 
 d)  Aggregated information

     - Aggregated volume                      274,648 loan shares over ordinary shares

     - Aggregated price                       115.27p

     - Aggregated total                       £316,586
 e)  Date of the transaction                  14 November 2024 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

274,648 loan shares over ordinary shares

115.27p

£316,586

e)

Date of the transaction

14 November 2024 (UK)

f)

Place of the transaction

Outside a trading venue

 

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