Litigation Capital Management Ltd Transaction in Own Shares (3039Z)
January 11 2024 - 2:00AM
UK Regulatory
TIDMLIT
RNS Number : 3039Z
Litigation Capital Management Ltd
11 January 2024
11 January 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 10 January 2024
Number of Ordinary Shares purchased (aggregated
volume): 14,800
Highest Price paid per Ordinary Share (p): 101.5
Lowest Price paid per Ordinary Share (p): 100.15
Volume Weighted Average Price paid per
Ordinary Share (p): 101.29
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 118,670,636 excluding shares
held by Canaccord (being the "Total Share Capital"). Canaccord on
behalf of the Company will hold 529,696 ordinary shares,
representing approximately 0.4464 per cent of the Total Share
Capital.
This figure of 118,670,636 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 Transaction price Time of transaction Trading venue
purchased (pence per share)
12,500 101.5 12:43:54 London Stock Exchange
------------------- -------------------- ----------------------
2,300 100.15 16:30:45 London Stock Exchange
------------------- -------------------- ----------------------
Enquiries
Litigation Capital Management c/o Tavistock
Patrick Moloney, Chief Executive
Officer
Mary Gangemi, Chief Financial
Officer
Canaccord (Nomad and Joint Tel: 020 7523 8000
Broker)
Bobbie Hilliam
Investec Bank plc (Joint Broker) Tel: 020 7597 5970
David Anderson
Tavistock (PR and IR) Tel: 020 7920 3150
Tim Pearson lcm@tavistock.co.uk
Katie Hopkins
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
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END
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