Director/PDMR Shareholding

RNS Number : 1686H

Litigation Capital Management Ltd

23 March 2020

 

23 March 2020

Litigation Capital Management Limited

(LCM or the Company)

Director/PDMR Shareholding

Litigation Capital Management Limited (AIM:LIT), is a leading international provider of litigation financing solutions.

LCM announces that an entity associated with the Chief Executive Officer (CEO), Patrick Moloney, purchased on 19 March 2020, 152,858 ordinary shares in the Company at price of 47 pence per share. Following the purchase, Mr Moloney, or entities associated with him, has an interest in 8,682,429 ordinary shares, representing 7.55 per cent of the issued share capital of the Company.

In addition to the above, a superannuation (pension) fund in which Stephen Conrad, Chief Financial Officer of the Company, is a beneficiary purchased on 19^th March 2020, 60,000 ordinary shares in the Company at price of 46 pence per share. Following the purchase Mr Conrad has an interest in 437,778 ordinary shares, representing 0.38 per cent. of the issued share capital of the Company.

Enquiries

Litigation Capital Management	c/o Alma PR
Patrick Moloney, Chief Executive Officer
Canaccord (Nomad and Joint Broker)	Tel: [phone]
Bobbie Hilliam
Investec Bank plc (Joint Broker)	Tel: [phone]
David Anderson
Alma PR	Tel: [phone]
Rebecca Sanders-Hewett	[e-mail]
Justine James
David Ison

NOTES TO EDITORS

About LCM:

Litigation Capital Management ("LCM") is a leading international provider of litigation financing solutions. This includes single-case and portfolios across; class actions, commercial claims, claims arising out of insolvency and international arbitration. LCM has an unparalleled track record, driven by effective project selection, active project management and robust risk management. 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  

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

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	Patrick Moloney
2.	Reason for the notification
a)	Position / status	Chief Executive Officer
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 AU000000LCA6
b)	Nature of the transaction	Vesting of Ordinary Shares, previously jointly held under the Joint Share Ownership Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 47 pence 152,858 shares
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	N/A - single transaction
e)	Date of the transaction	19 March 2020
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	Stephen Conrad
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
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 AU000000LCA6
b)	Nature of the transaction	Vesting of Ordinary Shares, previously jointly held under the Joint Share Ownership Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 46 pence 60,000 shares
d)	Aggregated information -  Aggregated volume -  Aggregated price -  Aggregated total	N/A - single transaction
e)	Date of the transaction	19 March 2020
f)	Place of the transaction	Outside a trading venue

 

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