Litigation Capital Management Ltd Director/PDMR Shareholding (4427T)
March 20 2023 - 3:00AM
UK Regulatory
TIDMLIT
RNS Number : 4427T
Litigation Capital Management Ltd
20 March 2023
20 March 2023
Litigation Capital Management Limited
("LCM" or the "Company")
Director / PDMR Shareholding
Litigation Capital Management Limited (AIM:LIT), a leading
international alternative asset manager of disputes financing
solutions, announces that on 17 March 2023 Jonathan Moulds,
Chairman of the Company, purchased 1,675,000 ordinary shares in the
capital of the Company ("Ordinary Shares") at a price of 71.35
pence per Ordinary Share.
In addition, on 17 March 2023 Patrick Moloney, Chief Executive
Officer of the Company, purchased 157,092 ordinary shares in the
capital of the Company ("Ordinary Shares") at a price of 71.00
pence per Ordinary Share.
Following the above purchases, Mr Moulds has an interest in
5,250,000 Ordinary Shares, which represents 4.40 per cent. of the
issued share capital of the Company, and Mr Moloney has an interest
in 10,437,100 Ordinary Shares, which represents 8.76 per cent. of
the issued share capital of the Company.
Mr Moulds and Mr Moloney are Person(s) Discharging Managerial Responsibilities (PDMR).
Enquiries
Litigation Capital Management c/o Alma PR
Patrick Moloney, Chief Executive Officer
Canaccord (Nomad and Joint Broker) Tel: 020 7523 8000
Bobbie Hilliam
Investec Bank plc (Joint Broker) Tel: 020 7597 5970
David Anderson
Tavistock PR Tel: 020 7920 3150
Tim Pearson lcm@tavistock.co.uk
Katie Hopkins
Simon Hudson
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., Brisbane and Melbourne, LCM
listed on AIM in December 2018, trading under the ticker LIT.
www.lcmfinance.com
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 as
amended by regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310. With the publication of this announcement,
this information is now considered to be in the public domain.
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 Chairman
------------------------------ --------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ --------------------------------------
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 Ordinary Shares
the financial instrument
------------------------------ --------------------------------------
b) Nature of the transaction Purchase
------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
71.35 1,675
pence ,000
----------
------------------------------ --------------------------------------
d) Aggregated information
* Aggregated volume N/A - single transaction
* Aggregated price
* Aggregated total
------------------------------ --------------------------------------
e) Date of the transaction 17 March 2023 (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
------------------------------ --------------------------------------
2. Reason for the notification
----------------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------------ --------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ --------------------------------------
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 Ordinary Shares
the financial instrument
------------------------------ --------------------------------------
b) Nature of the transaction Purchase
------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
71.00
pence 157,092
----------
------------------------------ --------------------------------------
d) Aggregated information
* Aggregated volume N/A - single transaction
* Aggregated price
* Aggregated total
------------------------------ --------------------------------------
e) Date of the transaction 17 March 2023 (UK)
------------------------------ --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------ --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBIGDXGDBDGXC
(END) Dow Jones Newswires
March 20, 2023 03:00 ET (07:00 GMT)
Litigation Capital Manag... (LSE:LIT)
Historical Stock Chart
From Apr 2024 to May 2024
Litigation Capital Manag... (LSE:LIT)
Historical Stock Chart
From May 2023 to May 2024