Litigation Capital Management Ltd. — Director's Dealing 2023

Oct 5, 2023

National Storage Mechanism | Additional information

RNS Number : 8604O

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	[email protected]

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

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 [email protected] 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

DSHBDBDGUDGDGXU