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
|
Litigation Capital Management
|
c/o
Tavistock PR
|
|
Patrick Moloney, Chief Executive
Officer
David Collins, Chief Financial
Officer
|
|
|
|
|
|
Cavendish (Nomad and Joint Broker)
|
Tel: 020
7220 0500
|
|
Jonny Franklin-Adams and Rory Sale
(Corporate Finance)
Tim Redfern and Jamie Anderson
(Corporate Broking)
|
|
|
Canaccord Genuity (Joint
Broker)
|
Tel: 020
7523 8000
|
|
Bobbie Hilliam
|
|
|
|
|
|
Tavistock PR
|
Tel: 020 7920 3150
|
|
Katie Hopkins
Simon Hudson
|
lcm@tavistock.co.uk
|
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
