Incentive Awards

15 October 2020

Litigation Capital Management Limited

("LCM" or the "Company")

 Incentive Awards

Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces that it has granted a number of incentive awards to employees of the Company in the form of shares to be issued pursuant to the LCM Loan Share Plan.

The following table details the quantum of awards granted and the recipients. Subject to the terms of the LCM Loan Share Plan, participants may nominate another person to be issued the awards.

LCM Loan Share Plan ("LSP")

The Company has in place a LSP. Ordinary Shares issued to recipients under the LSP ("LSP Shares") generally rank equally with all existing shares from the date of issue.

The LSP Shares are issued to the recipient at market value and due to the vesting conditions attached to them (e.g. continuous employment conditions and share price hurdles) represent a share based payment arrangement.

The LSP awards, unless stated otherwise, will vest over a three year period in four equal tranches from the date of issue. In addition, the LSP awards are subject to malus and clawback provisions. The awards vests in full in the event of a change of control at any time.

Application will be made for the 616,520 ordinary shares to be admitted to trading on AIM. It is expected that admission will take place on 23 October 2020. Following the allotment and issue, the Company's issued share capital consists of 115,654,666 ordinary shares. The Company does not hold any shares in Treasury, as such the total number of shares in issue with voting rights is 115,654,666.

The above figure of 115,654,666 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. 

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NOTES TO EDITORS

Litigation Capital Management (LCM) is an alternate 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

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