Litigation Capital Management Ltd Board Updates (8591R)
02 Luglio 2020 - 11:42AM
UK Regulatory
TIDMLIT
RNS Number : 8591R
Litigation Capital Management Ltd
02 July 2020
2 July 2020
Litigation Capital Management Limited
(LCM or the Company)
Board Updates
Litigation Capital Management Limited (AIM:LIT), specialist
alternate asset manager and a leading international provider of
disputes financing solutions, provides the following update:
-- LCM currently looking to expand the geographic market reach
of its Non-Executive Directors in line with LCM's business plan
-- Steve McLean steps down as non-executive director as part of
this upcoming Board realignment
-- Minor delays in the CEO relocating to London due to COVID-19
LCM is at an advanced stage in the search to add additional
Non-Executive Directors (NED) to the Board. As the Company
strengthens its market positioning in the Northern Hemisphere,
including the UK and Europe, as well as transitioning its
management to the London office, it looks to new NED appointments
to bring significant experience in these markets. As part of this
upcoming restructuring, Steve McLean has kindly agreed to resign
his position on the board effective as at 30 June 2020.
Steve was appointed to LCM's board as a NED prior to the
Company's IPO on the Australian Securities Exchange. Steve brought
with him significant in-region equity capital markets experience
and has been a very valuable member of LCM's board during the
building of its business, particularly in the APAC region.
LCM expects to be in a position to make an announcement as to a
new Non-Executive board member in the near future.
Jonathan Moulds, Chairman of LCM, commented : "Steve has been a
strong supporter of LCM through two IPOs, one on the Australian
Securities Exchange and then on the London Stock Exchange:AIM as a
Non-Executive board member. As LCM's business expands into new
global markets, it will benefit from board experience in those
large economies. We will continue to have access to Steve and his
experience was a long-term supporter of the business. I thank him
for his significant contribution to the growth of LCM over a number
of years"
Enquiries
Litigation Capital Management c/o Alma PR
Patrick Moloney, Chief Executive
Officer
Canaccord (Nomad and Joint Tel: 020 7523 8000
Broker)
Bobbie Hilliam
Investec Bank plc (Joint Broker) Tel: 020 7597 5970
David Anderson
Alma PR Tel: 020 3405 0205
Rebecca Sanders-Hewett LCM@almapr.co.uk
Justine James
David Ison
NOTES TO EDITORS
Litigation Capital Management (LCM) is a global provider of
disputes finance which operates two business models. The first is
direct investments made from LCM's permanent balance sheet capital
and the second is fund and/or asset management. Under those two
business models, LCM currently pursues three investment strategies:
Single-case funding, Corporate 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 effective
project selection, active project management and robust risk
management.
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
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END
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