Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Litigation Capital Management Ltd
[{"type":"text","content":"\n \nRNS Number : 9029K Litigation Capital Management Ltd 19 December 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE UNITED STATES, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n19 December 2018 \n \nLitigation Capital Management Limited\n(\"LCM\" or the \"Company\") \n \nAdmission to AIM and First Day of Dealings\n \nLitigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, is pleased to announce that admission of the Company's fully paid ordinary shares (\"Ordinary Shares\") to trading on AIM, a market operated by London Stock Exchange plc, (\"Admission\") will take place at 8.00 a.m. (GMT) today.\n \nThe Company has successfully raised approximately £20 million pursuant to the placing of 38,461,540 new Ordinary Shares at 52 pence per share (the \"Placing Price\"), resulting in a market capitalisation on Admission of approximately £56.5 million. \n \nDealings on AIM will commence under the ticker \"LIT\" and the ISIN AU000000LCA6 (SEDOL BD2PHW4). Canaccord Genuity Limited is acting as Nominated Adviser, Financial Adviser and Sole Broker to the Company.\n \nAdmission highlights:\n \n§ Based on the Placing Price, the market capitalisation of the Company on Admission is approximately £56.5 million.\n \n§ Gross proceeds of approximately £20 million have been raised for the Company which will be used, inter alia, to fund the existing portfolio of Litigation Projects and for the deployment of further capital into new pipeline opportunities. \n \n§ At Admission, the Company will have an enlarged share capital of 108,687,929 Ordinary Shares in issue.\n \n§ In connection with Admission, the Compa...