Director/PDMR Shareholding

RNS Number : 9780W

Litigation Capital Management Ltd

29 December 2021

 

29 December 2021

Litigation Capital Management Limited

("LCM" or the "Company")

Director / PDMR Shareholding

Litigation Capital Management Limited (AIM:LIT), a leading international alternate asset manager of disputes financing solutions, announces that on 24 December 2021 Jonathan Moulds, Chairman of the Company, purchased 725,000 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 89.2 pence per Ordinary Share.

In addition, on 21 December 2021 Patrick Moloney, Chief Executive Officer of the Company, purchased 50,000 Ordinary Shares. The purchase price was 91.6 pence per Ordinary Share. Mr Moloney purchased the Ordinary Shares though a wholly owned corporate entity, ATE Holdings PTY Limited.

Following the above purchases, Mr Moulds has an interest in 975,000 Ordinary Shares, which represents 0.82 per cent. of the issued share capital, and Mr Moloney has an interest in 10,203,258 Ordinary Shares, which represents 8.56 per cent. of the issued share capital.

Enquiries

Litigation Capital Management	c/o Alma PR
Patrick Moloney, Chief Executive Officer
Canaccord (Nomad and Joint Broker)	Tel: [phone]
Bobbie Hilliam
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

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

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	C hairman
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) 89.2 pence 725,000
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	N/A - single transaction
e)	Date of the transaction	24 December 2021 (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 via ATE Holdings PTY Limited
2.	Reason for the notification
a)	Position / status	C hief 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) 91.6 pence 50,000
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	N/A - single transaction
e)	Date of the transaction	21 December 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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