7 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
|
4 October 2024
|
|
Number of Ordinary Shares purchased
(aggregated volume):
|
335,844
|
|
Highest Price paid per Ordinary
Share (p):
|
103.00
|
|
Lowest Price paid per Ordinary Share
(p):
|
102.50
|
|
Volume Weighted Average Price paid
per Ordinary Share (p):
|
102.56
|
|
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 114,910,020 excluding shares held by Canaccord (being the "Total Share
Capital"). Canaccord on behalf of the Company will hold
4,290,312 ordinary shares, representing
approximately 3.73% per cent of the Total Share Capital.
This figure of 114,910,020 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
|
|
27,000
|
103.00
|
09:23:52
|
London
Stock Exchange
|
|
10,000
|
103.00
|
09:24:31
|
London
Stock Exchange
|
|
12,000
|
102.75
|
11:55:50
|
London
Stock Exchange
|
|
286,844
|
102.50
|
13:29:51
|
London
Stock Exchange
|
Enquiries
|
Litigation Capital Management
|
c/o Tavistock
|
|
Patrick Moloney, Chief Executive
Officer
David Collins, Chief Financial
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 and IR)
|
Tel: 020 7920 3150
|
|
Tim Pearson
Katie Hopkins
|
lcm@tavistock.co.uk
|
|
|
|
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