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On 19 December 2024, Litigation Capital Management Limited announced that Gerhard Seebacher will step down as a Non-Executive Director, effective 15 January 2025. This decision resulted from his appointment to a senior position at Jain Global.
| Date | 19 Dec 2024 |
| Time | 07:00:07 |
| Category | Board changes |
| ID | 6217Q |
19 December 2024
Litigation Capital Management Limited
("LCM" or the "Company")
Directorate Change
Litigation Capital Management Limited (AIM:LIT), a leading international alternative asset manager of disputes financing solutions, announces that Gerhard Seebacher has notified the Company that he is stepping down from his role as a Non-Executive Director of the Company. Gerhard's decision comes as a result of being appointed to a senior position at Jain Global, a recently launched global hedge fund, which precludes him from serving on the boards of publicly listed companies. Gerhard will formally step down on 15 January 2025.
The Nominations Committee of the LCM Board is well advanced in selecting a new Non-Executive who will bring relevant skills and experience to the Company's expansion and scale. The Company expects to be in a position to announce the new Board Member in the first quarter of 2025.
Jonathan Moulds, Chairman of LCM, commented: "On behalf of the Board and the entire team at LCM, I would like to express my sincere gratitude to Gerhard for his valuable contributions during his tenure. His insight, experience, and commitment have been instrumental in guiding the Company through an important phase of its growth. We wish him every success in his new role."
Gerhard Seebacher commented: "It has been a privilege to serve as a Non-Executive Director of LCM and to work with such a talented and dedicated team. While I am stepping down due to my new commitments, I remain a firm supporter of LCM and its future prospects. I wish the Board and the team continued success as they build on the Company's strong foundation."
Enquiries
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Litigation Capital Management |
c/o Tavistock PR |
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Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer |
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Cavendish (Nomad and Joint Broker) |
Tel: 020 7220 0500 |
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Jonny Franklin-Adams and Rory Sale (Corporate Finance) Tim Redfern and Jamie Anderson (Corporate Broking) |
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Canaccord Genuity (Joint Broker) |
Tel: 020 7523 8000 |
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Bobbie Hilliam |
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Tavistock PR |
Tel: 020 7920 3150 |
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Katie Hopkins Simon Hudson |
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.