REG - Litigation Cap. Mgmt - Transaction in Own Shares

Litigation Capital ManagementAnnouncement

26/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240326:nRSZ2168Ia&default-theme=true

RNS Number : 2168I  Litigation Capital Management Ltd  26 March 2024

26 March 2024

Litigation Capital Management Limited

("LIT", the "Company" or the "Group")

Transaction in Own Shares

 

The Company announces that Canaccord Genuity Limited ("Canaccord") has made
the following purchases of ordinary shares of no par value in the capital of
the Company ("Ordinary Shares"), on its behalf on the London Stock Exchange,
pursuant to the Share Buyback Programme announced on 5 October 2023.

 Date of purchase                                            25 March 2024
 Number of Ordinary Shares purchased (aggregated volume):    37,900
 Highest Price paid per Ordinary Share (p):                  101.5
 Lowest Price paid per Ordinary Share (p):                   100.5
 Volume Weighted Average Price paid per Ordinary Share (p):  101.15
 Venue where Ordinary Shares are traded                      London Stock Exchange (AIM)

Canaccord holds the repurchased shares on behalf of the Company. Following the
purchase, the number of Ordinary Shares in issue and admitted to trading on
AIM will be 117,243,849 excluding shares held by Canaccord (being the "Total
Share Capital"). Canaccord on behalf of the Company will hold 1,956,483
ordinary shares, representing approximately 1.6687 per cent of the Total Share
Capital.

 

This figure of 117,243,849 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

The Company and Canaccord will make further announcements in due course
following the completion of any further purchases pursuant to the Share
Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the schedule below contains detailed information about the
purchases made by Canaccord on behalf of the Company.

Individual transactions:

 Number of shares purchased  Transaction price (pence per share)  Time of transaction  Trading venue
 15,000                      101.25                               08:18:38             London Stock Exchange
 9,400                       100.5                                09:43:49             London Stock Exchange
 13,500                      101.5                                13:39:11             London Stock Exchange

 

Enquiries

 

 Litigation Capital Management             c/o Tavistock
 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 and IR)                     Tel: 020 7920 3150
 Tim Pearson                               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 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 information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSQELFLZXLEBBZ