Transaction in Own Shares

Litigation Capital Management Ltd

29 October 2024

 

29 October 2024

Litigation Capital Management Limited

("LIT", the "Company" or the "Group")

Transaction in Own Shares

The Company announces that Canaccord Genuity Limited ("Canaccord") has made the following purchases of ordinary shares of no par value in the capital of the Company ("Ordinary Shares"), on its behalf on the London Stock Exchange, pursuant to the Share Buyback Programme announced on 5 October 2023.

Date of purchase	28 October 2024
Number of Ordinary Shares purchased (aggregated volume):	63,000
Highest Price paid per Ordinary Share (p):	112.15
Lowest Price paid per Ordinary Share (p):	112
Volume Weighted Average Price paid per Ordinary Share (p):	112.08
Venue where Ordinary Shares are traded	London Stock Exchange (AIM)

Canaccord holds the repurchased shares on behalf of the Company. Following the purchase, the number of Ordinary Shares in issue and admitted to trading on AIM will be 114,450,250 excluding shares held by Canaccord (being the "Total Share Capital"). Canaccord on behalf of the Company will hold 4,750,082 ordinary shares, representing approximately 4.15% per cent of the Total Share Capital.

This figure of 114,450,250 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 in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company and Canaccord will make further announcements in due course following the completion of any further purchases pursuant to the Share Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Canaccord on behalf of the Company.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
6,635	112.00	09:35:55	London Stock Exchange
69	112.00	09:48:46	London Stock Exchange
13,000	112.15	11:12:50	London Stock Exchange
5,000	112.15	11:14:38	London Stock Exchange
13,387	112.075	12:00:42	London Stock Exchange
5,300	112.075	12:14:52	London Stock Exchange
4,467	112.15	14:59:06	London Stock Exchange
15,142	112.00	16:29:40	London Stock Exchange

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

 

END