Director/PDMR Shareholding

RNS Number : 4427T
Litigation Capital Management Ltd
20 March 2023
 

20 March 2023

Litigation Capital Management Limited

("LCM" or the "Company")

Director / PDMR Shareholding

Litigation Capital Management Limited (AIM:LIT), a leading international alternative asset manager of disputes financing solutions, announces that on 17 March 2023 Jonathan Moulds, Chairman of the Company, purchased 1,675,000 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 71.35 pence per Ordinary Share.

In addition, on 17 March 2023 Patrick Moloney, Chief Executive Officer of the Company, purchased 157,092 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 71.00 pence per Ordinary Share.

Following the above purchases, Mr Moulds has an interest in 5,250,000 Ordinary Shares, which represents 4.40 per cent. of the issued share capital of the Company, and Mr Moloney has an interest in 10,437,100 Ordinary Shares, which represents 8.76 per cent. of the issued share capital of the Company.

Mr Moulds and Mr Moloney are   Person(s) Discharging Managerial Responsibilities  

Enquiries

Litigation Capital Management

c/o Alma PR 

Patrick Moloney, Chief Executive Officer

 


 


 

Canaccord (Nomad and Joint Broker) 

Tel: 020 7523 8000

Bobbie Hilliam






Investec Bank plc (Joint Broker)

Tel: 020 7597 5970

David Anderson




 


Tavistock PR

Tel: 020 7920 3150

Tim Pearson

Katie Hopkins

Simon Hudson

lcm@tavistock.co.uk



 NOTES TO EDITORS

Litigation Capital Management (LCM) is an alternate 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., Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.

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

Jonathan Moulds

2.

Reason for the notification

a)

Position / status

Chairman

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

b)

Nature of the transaction

Purchase

c)

Price(s) and volume(s)

Price(s)

Volume(s)

71.35   pence

1,675 ,000

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

N/A - single transaction

e)

Date of the transaction

17 March 2023   (UK)

f)

Place of the transaction

London Stock Exchange, AIM

 

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

b)

Nature of the transaction

Purchase

c)

Price(s) and volume(s)

Price(s)

Volume(s)

71.00   pence

157,092

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

N/A - single transaction

e)

Date of the transaction

17 March 2023   (UK)

f)

Place of the transaction

London Stock Exchange, AIM

 

 

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