Director/PDMR Shareholding

Litigation Capital Management Ltd

15 November 2024

 

15 November 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 loan shares over 274,648 ordinary shares which have been sold to the Employee Benefit Trust ('EBT').

The following table details the quantum of LSPs exercised which have been sold to the EBT:

Employee	Position	Incentive Scheme	Number of Share/Options Awarded
Susanna Taylor	Head of APAC / PDMR	LSP	274,648
Non-PDMR Employees	Various / Non-PDMR	LSP	509,871

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 purchase of the LSP's detailed above, the EBT of the Company currently holds 4,270,308 Ordinary Shares, representing 3.74 per cent. of the of the Company's total voting rights.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Enquiries

Litigation Capital Management	c/o Tavistock
Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer
Cavendish (Nomad and Joint Broker)	Tel: [phone]
Jonny Franklin-Adams and Rory Sale (Corporate Finance) Tim Redfern and Jamie Anderson (Corporate Broking)
Canaccord Genuity (Joint Broker)	Tel: [phone]
Bobbie Hilliam
Tavistock (PR and IR)	Tel: [phone]
Katie Hopkins Simon Hudson	[e-mail]

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

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	Loan shares
b)	Nature of the transaction	Exercise and sale of loan shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Award 115,27p 274,648 LSP
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	274,648 loan shares over ordinary shares 115.27p £316,586
e)	Date of the transaction	14 November 2024 (UK)
f)	Place of the transaction	Outside a trading venue

 

END