Issue of Equity and Total Voting Rights

RNS Number : 3069V

Litigation Capital Management Ltd

10 December 2021

 

10 December 2021

Litigation Capital Management Limited

("LCM" or the "Company") 

Issue of Equity and Total Voting Rights

Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, announces that that it has allotted and issued 501,187 ordinary shares in the Company pursuant to the conversion of partly paid shares at $0.17 per share.    

The Company has made an application for the 501,187 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 16 December 2021.

Following Admission, the Company will have 119,200,332 Ordinary Shares in issue, each with voting rights. This figure of 119,200,332 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any Ordinary Shares in Treasury.  

Enquiries

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

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.

www.lcmfinance.com

 

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