Litigation Capital Management Ltd Director/PDMR Shareholding (4427T)

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: [phone] 
 Bobbie Hilliam 
 
 
 Investec Bank plc (Joint Broker)           Tel: [phone] 
 David Anderson 
 
 
 Tavistock PR                               Tel: [phone] 
 Tim Pearson                                [e-mail] 
  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 
     ------------------------------  -------------------------------------- 
 

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March 20, 2023 03:00 ET (07:00 GMT)