Litigation Capital Management Ltd Director/PDMR Shareholding
November 15 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3378M
Litigation Capital Management Ltd
15 November 2024
15 November 2024
Litigation Capital Management
Limited
("LCM" or the
"Company")
Exercise of Awards
Litigation Capital Management
Limited (AIM:LIT), a leading international alternative asset
manager of disputes financing solutions, announces
that Susanna Taylor, a Person Discharging Managerial
Responsibilities (PDMR) exercised loan shares over 274,648 ordinary
shares which have been sold to the Employee Benefit Trust
('EBT').
The following table details the quantum of LSPs
exercised which have been sold to the EBT:
Employee
|
Position
|
Incentive
Scheme
|
Number of
Share/Options Awarded
|
Susanna Taylor
|
Head of APAC / PDMR
|
LSP
|
274,648
|
Non-PDMR Employees
|
Various / Non-PDMR
|
LSP
|
509,871
|
Employee
Benefit Trust ('EBT')
The Company has an EBT. The EBT is a
discretionary trust for the benefit of the Company's employees,
including the Directors of the Company. Following the
purchase of the LSP's detailed above, the EBT of the Company
currently holds 4,270,308 Ordinary Shares, representing 3.74 per
cent. of the of the Company's total voting rights.
The notification below, made in accordance with
the requirements of the UK Market Abuse Regulation,
provides further details.
Enquiries
Litigation Capital Management
|
c/o Tavistock
|
Patrick Moloney, Chief Executive
Officer
David Collins, Chief Financial
Officer
|
|
|
|
Cavendish (Nomad and Joint
Broker)
|
Tel: 020 7220 0500
|
Jonny Franklin-Adams and Rory Sale
(Corporate Finance)
Tim Redfern and Jamie Anderson
(Corporate Broking)
|
|
|
|
Canaccord Genuity (Joint Broker)
|
Tel: 020 7523 8000
|
Bobbie Hilliam
|
|
|
|
Tavistock (PR and IR)
|
Tel: 020 7920 3150
|
Katie Hopkins
Simon Hudson
|
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 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
1.
|
Details of the
Person discharging managerial responsibilities ("PDMR") / person
closely associated with them ("PCA")
|
a)
|
Name
|
Susanna Taylor
|
2.
|
Reason for the
notification
|
a)
|
Position / status
|
Head of APAC
|
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
|
Loan shares
|
b)
|
Nature of the transaction
|
Exercise and sale of loan shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Award
|
115,27p
|
274,648
|
LSP
|
|
d)
|
Aggregated information
- Aggregated volume
- Aggregated price
- Aggregated total
|
274,648 loan shares over ordinary
shares
115.27p
£316,586
|
e)
|
Date of the transaction
|
14 November 2024 (UK)
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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