Source - LSE Regulatory
RNS Number : 3378M Litigation Capital Management Ltd 15 November 2024 15 November 2024 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 loan shares over 274,648 ordinary shares which have been sold to the Employee Benefit Trust ('EBT'). The following table details the quantum of LSPs exercised which have been sold to the EBT: 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 purchase of the LSP's detailed above, the EBT of the Company currently holds 4,270,308 Ordinary Shares, representing 3.74 per cent. of the of the Company's total voting rights. The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details. Enquiries 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 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 DSHBIBDBGSBDGSS
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