Exercise of Awards

Litigation Capital Management Ltd

30 October 2024

 

30 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 nil-cost option awards over the Company's ordinary shares of no par value ("Ordinary Shares") which were granted on 4 October 2022 and 4 October 2023 under the terms of the Company's Deferred Bonus Share Plan ("DBSP") have been satisfied by the Employee Benefit Trust and vested to Chief Executive Officer, Patrick Moloney on 4 October 2024 as shown in the table below:

Name	Previous shareholding	Awards vested / options exercised	Shares sold	Current shareholding
Patrick Moloney	10,452,100	168,531	75,991	10,544,640

Following the vesting on 4 October 2024 and exercise on 28 October 2024, Mr Moloney sold 75,991 Ordinary Shares (approximately 45% of the aggregate award) to satisfy tax due on the vesting.

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 3,995,660 Ordinary Shares, representing 3.49 per cent. of the Company's total voting rights.

Following these transactions, Mr Moloney has a beneficial interest in 10,544,640 Ordinary Shares representing 9.21 per cent. of the Company's issued share capital.

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 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

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	Options over Ordinary Shares
b)	Nature of the transaction	Vesting and Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) N/a 168,531
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	N/A single transaction
e)	Date of the transaction	28 October 2024
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	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 of no par value
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 112 pence 75,991
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	N/A single transaction
e)	Date of the transaction	28 October 2024 (UK)
f)	Place of the transaction	Outside a trading venue

 

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