Director/PDMR Shareholding

Litigation Capital Management Ltd
05 October 2023
 

05 October 2023

Litigation Capital Management Limited

("LCM" or the "Company")

 Incentive Awards

Litigation Capital Management Limited (AIM:LIT), a leading international alternative asset manager of disputes financing solutions, announces that on 4 October 2023 it granted a number of incentive awards to employees and directors of the Company under the Deferred Bonus Share Plan ('DBSP').

The following table details the quantum of Awards granted and the recipients:

Employee

Position

Incentive Scheme

Number of Share/Options Awarded

Patrick Moloney

Chief Executive Officer

DBSP

167,043

Mary Gangemi

Chief Financial Officer

DBSP

148,893

Susanna Taylor

Head of APAC

DBSP

73,938

Non-PDMR Employees

Various

DBSP

382,036

 

Deferred Bonus Share Plan ('DBSP')

 

The Company has in place a DBSP. Options over Ordinary Shares are issued to recipients under the Option awards. Options granted under the Plan are in the form of nil cost options and will vest in three equal tranches from the date of issue and are subject to continued employment over the three year period.

 

In addition, the Option awards are subject to malus and clawback provisions. In the event of a change of control of the Company, unvested awards will vest to the extent determined by the Board, taking into account the proportion of the period of time between grant and the normal vesting date that has elapsed at the date of the relevant event.

 

Employee Benefit Trust ('EBT')

The awards will be satisfied using the current EBT.

The figure 119,200,332 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. 

 

Enquiries

 

Litigation Capital Management

c/o Tavistock 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

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 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

Patrick John Moloney

2.

Reason for the notification

a)

Position / status

Executive Director

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

Options over Ordinary Shares

b)

Nature of the transaction

Grant of options:

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Plan

£nil

167,043

DBSP

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

167,043 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

        

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Mary Gangemi

2.

Reason for the notification

a)

Position / status

Executive Director

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

Options over Ordinary Shares

b)

Nature of the transaction

Grant of options:

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Award

£nil

148,893

DBSP

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

148,893 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

 

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

Option over ordinary shares

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Award

£nil

73,938

DBSP

 

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

73,938 options over ordinary shares

e)

Date of the transaction

4 October 2023 (UK)

f)

Place of the transaction

Outside a trading venue

 

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