TIDMLIT

RNS Number : 1686H

Litigation Capital Management Ltd

23 March 2020

23 March 2020

Litigation Capital Management Limited

(LCM or the Company)

Director/PDMR Shareholding

Litigation Capital Management Limited (AIM:LIT), is a leading international provider of litigation financing solutions.

LCM announces that an entity associated with the Chief Executive Officer (CEO), Patrick Moloney, purchased on 19 March 2020, 152,858 ordinary shares in the Company at price of 47 pence per share. Following the purchase, Mr Moloney, or entities associated with him, has an interest in 8,682,429 ordinary shares, representing 7.55 per cent of the issued share capital of the Company.

In addition to the above, a superannuation (pension) fund in which Stephen Conrad, Chief Financial Officer of the Company, is a beneficiary purchased on 19(th) March 2020, 60,000 ordinary shares in the Company at price of 46 pence per share. Following the purchase Mr Conrad has an interest in 437,778 ordinary shares, representing 0.38 per cent. of the issued share capital of the Company.

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

About LCM:

Litigation Capital Management ("LCM") is a leading international provider of litigation financing solutions. This includes single-case and portfolios across; class actions, commercial claims, claims arising out of insolvency and international arbitration. 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

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

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                            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 the              Ordinary Shares 
       financial instrument            AU000000LCA6 
     ------------------------------  --------------------------------------- 
 b)   Nature of the transaction       Vesting of Ordinary Shares, previously 
                                       jointly held under the Joint Share 
                                       Ownership Plan 
     ------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
                                        GBP 47 pence   152,858 shares 
                                                      --------------- 
     ------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
     ------------------------------  --------------------------------------- 
 e)   Date of the transaction         19 March 2020 
     ------------------------------  --------------------------------------- 
 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                            Stephen Conrad 
     ------------------------------  --------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / status               Chief Financial 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 the              Ordinary Shares 
       financial instrument            AU000000LCA6 
     ------------------------------  --------------------------------------- 
 b)   Nature of the transaction       Vesting of Ordinary Shares, previously 
                                       jointly held under the Joint Share 
                                       Ownership Plan 
     ------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
                                        GBP 46 pence   60,000 shares 
                                                      -------------- 
     ------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
     ------------------------------  --------------------------------------- 
 e)   Date of the transaction         19 March 2020 
     ------------------------------  --------------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  --------------------------------------- 
 

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.

END

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March 23, 2020 03:41 ET (07:41 GMT)

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