Litigation Capital Management Ltd Director/PDMR Shareholding (5184U)
23 Noviembre 2023 - 10:51AM
UK Regulatory
TIDMLIT
RNS Number : 5184U
Litigation Capital Management Ltd
23 November 2023
23 November 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 Mary Gangemi, a Person Discharging
Managerial Responsibilities (PDMR), exercised options over 67,108
ordinary shares of which 36,848 are being retained and held and
30,260 have been sold to cover tax arising from the sale. Following
the exercise Mary Gangemi has an interest 64,348 ordinary shares,
representing 0.05 per cent. of the issued share capital of the
Company.
In addition to the above, a further 20,885 ordinary shares have
been exercised by various non-PDMR employees.
The awards set out above were initially granted under the
Company Deferred Bonus Share Plan ('DBSP') on 4 October 2022 and
have been satisfied by the Employee Benefit Trust
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 4,662,027 Ordinary Shares,
representing 3.91 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
Mary Gangemi, Chief Financial 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.
Details of the Person discharging managerial responsibilities
1. ("PDMR") / person closely associated with them ("PCA")
a) Name Mary Gangemi
------------------------------ ----------------------------------------
Reason for the notification
2.
------------------------------------------------------------------------
a) Position / status CFO
------------------------------ ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ ----------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Litigation Capital Management Limited
------------------------------ ----------------------------------------
b) Legal Entity Identifier 213800J2B5SI8F515244
------------------------------ ----------------------------------------
Details of the transaction(s): section to be repeated for
4. (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 Exercise of option over ordinary shares
financial instrument
------------------------------ ----------------------------------------
b) Nature of the transaction Exercise of options to hold
------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s) Award
nil 67,108 D BSP
---------- -----
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 67,108 options over ordinary shares
Nil(p)
* Aggregated price
* Aggregated total
------------------------------ ----------------------------------------
e) Date of the transaction 22 November 2023 (UK)
------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------
Details of the Person discharging managerial responsibilities
1. ("PDMR") / person closely associated with them ("PCA")
a) Name Mary Gangemi
------------------------------ --------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------
a) Position / status CFO
------------------------------ --------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ --------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Litigation Capital Management Limited
------------------------------ --------------------------------------
b) Legal Entity Identifier 213800J2B5SI8F515244
------------------------------ --------------------------------------
Details of the transaction(s): section to be repeated for
4. (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
------------------------------ --------------------------------------
b) Nature of the transaction Sale of ordinary shares
------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
102.25p 30,260
----------
------------------------------ --------------------------------------
d) Aggregated information
* Aggregated volume 30,260 ordinary shares
102.25p
* Aggregated price
* Aggregated total
------------------------------ --------------------------------------
e) Date of the transaction 22 November 2023 (UK)
------------------------------ --------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ --------------------------------------
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