Exercise of Awards

Litigation Capital Management Ltd
31 October 2023
 

31 October 2023

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 options over 45,842 ordinary shares which are being retained and held. The award which was granted under the Company Deferred Bonus Share Plan ('DBSP') on 4 October 2022 has been satisfied by the Employee Benefit Trust.

The following table details the quantum of options exercised which have been satisfied through the EBT with respect to awards made on 4 October 2022 under the DBSP:

Employee

Position

Incentive Scheme

Number of Share/Options Awarded

Susanna Taylor

Head of APAC / PDMR

DBSP

45,842

Non-PDMR Employees

Various / Non-PDMR

DBSP

121,422

 

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 exercise of the options detailed above, the EBT of the Company currently holds 4,750,020 Ordinary Shares, representing 3.99 per cent. of the of the Company's total voting rights.

For reference, the figure of 119,121,232 should 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

Alex Orr

Investec Bank plc (Joint Broker)

Tel: 020 7597 5970

David Anderson

Tavistock PR

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 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

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.

 

n/a

45,842

DBSP

- Aggregated volume

- Aggregated price

- Aggregated total

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings