REG - Litigation Cap. Mgmt - Directorate Change

Litigation Capital ManagementAnnouncement

19/12/2024 07:00

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RNS Number : 6217Q  Litigation Capital Management Ltd  19 December 2024

19 December 2024

Litigation Capital Management Limited

("LCM" or the "Company")

Directorate Change

 

Litigation Capital Management Limited (AIM:LIT), a leading international
alternative asset manager of disputes financing solutions, announces that
Gerhard Seebacher has notified the Company that he is stepping down from his
role as a Non-Executive Director of the Company. Gerhard's decision comes as a
result of being appointed to a senior position at Jain Global, a recently
launched global hedge fund, which precludes him from serving on the boards of
publicly listed companies. Gerhard will formally step down on 15 January 2025.

The Nominations Committee of the LCM Board is well advanced in selecting a new
Non-Executive who will bring relevant skills and experience to the Company's
expansion and scale. The Company expects to be in a position to announce the
new Board Member in the first quarter of 2025.

Jonathan Moulds, Chairman of LCM, commented: "On behalf of the Board and the
entire team at LCM, I would like to express my sincere gratitude to Gerhard
for his valuable contributions during his tenure. His insight, experience, and
commitment have been instrumental in guiding the Company through an important
phase of its growth. We wish him every success in his new role."

Gerhard Seebacher commented: "It has been a privilege to serve as a
Non-Executive Director of LCM and to work with such a talented and dedicated
team. While I am stepping down due to my new commitments, I remain a firm
supporter of LCM and its future prospects. I wish the Board and the team
continued success as they build on the Company's strong foundation."

Enquiries

 Litigation Capital Management                           c/o Tavistock PR
 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                                            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)

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