Litigation Capital Management Ltd New litigation project (9405M)
January 14 2019 - 2:00AM
UK Regulatory
TIDMLIT
RNS Number : 9405M
Litigation Capital Management Ltd
14 January 2019
14 January 2019
Litigation Capital Management Limited
("LCM" or the "Company")
New litigation project
Litigation Capital Management Limited (AIM:LIT) (LCM), a leading
international provider of litigation financing solutions, today
announces that it has entered into an agreement to provide
litigation finance in relation to proceedings which are currently
being undertaken in Australasia. These proceedings relate to a
commercial dispute regarding the division of significant global
assets, which are currently owned by a partnership.
The project has a capital commitment to be provided by LCM of
A$5.5 million. The terms of the funding agreement are subject to
confidentiality between the parties involved and are therefore
undisclosed.
LCM is managing a portfolio of 17 projects (unconditionally
financed), including the project announced today.
Patrick Moloney, CEO of LCM, said:
"This investment is a further example of LCM diversifying its
portfolio of litigation finance projects across industry sector and
capital commitment size, ensuring that the company's investments
and potential returns are uncorrelated.
"Following the recent expansion of LCM into the UK and Europe we
expect to see further future diversification in our portfolio of
projects both by geographic location and jurisdiction."
-ENDS-
CONTACTS
Litigation Capital Management
Patrick Moloney, Chief Executive Officer
Nick Rowles-Davies, Executive Director
Canaccord (Nomad and Broker) Tel: 020 7523 8000
Sunil Duggal / Emma Gabriel / Michael Reynolds
Hawthorn Advisors lcm@hawthornadvisors.com
Lorna Cobbett / Zinka MacHale Tel: 020 3745 4960
NOTES TO EDITORS
About LCM
Litigation Capital Management ("LCM") is a leading international
provider of litigation financing solutions. This includes
single-case and portfolio; across class actions, commercial claims,
claims arising out of insolvency and international arbitration. LCM
has an unparalleled track record, driven by effective project
selection, active project management and robust risk management.
Headquartered in Sydney, with offices in London, Singapore,
Brisbane and Melbourne, LCM has been listed on AIM since December
2018, trading under the ticker LIT. www.lcmfinance.com
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END
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