REG - Litigation Cap. Mgmt - Exercise of Awards

Litigation Capital ManagementAnnouncement

21/10/2024 07:00

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RNS Number : 8573I  Litigation Capital Management Ltd  21 October 2024

21 October 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 options over 70,488 ordinary shares which have been sold. The award
which was granted under the Company Deferred Bonus Share Plan ('DBSP') has
been satisfied by the Employee Benefit Trust.

The following table details the quantum of options exercised which have been
satisfied through the EBT:

 Employee            Position             Incentive Scheme  Number of Share/Options Awarded
 Susanna Taylor      Head of APAC / PDMR  DBSP              70,488
 Non-PDMR Employees  Various / Non-PDMR   DBSP              303,076

 

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
4,164,191 Ordinary Shares, representing 3.63 per cent. of the of the Company's
total voting rights.

For reference, the figure of 114,689,431 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
 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 (mailto: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 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/)

 

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                                     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                Exercise of options
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)  Award
                                              n/a       70,488     DBSP

 
 d)  Aggregated information

     - Aggregated volume                      70,488 options over ordinary shares

     - Aggregated price

     - Aggregated total
 e)  Date of the transaction                  14 October 2024 (UK)
 f)  Place of the transaction                 Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

70,488 options over ordinary shares

e)

Date of the transaction

14 October 2024 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

 

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