REG - Litigation Cap. Mgmt - Update on Covenant Waiver, Case & Strategic Review

Litigation Capital ManagementAnnouncement

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RNS Number : 2465G  Litigation Capital Management Ltd  01 June 2026

1 June 2026

Litigation Capital Management Limited

("LCM" or the "Company")

Covenant Waiver Extension, Case Updates and Strategic Review

 

Litigation Capital Management Limited ("LCM"), an alternative asset manager
specialising in dispute financing solutions internationally, announces that
the debt covenant waiver from Northleaf that was due to expire on 30 May 2026
has been extended to 30 June 2026.  During the extended waiver period the
interest on the loan remains increased by 2.00% per annum consistent with the
initial waiver. There is no additional one-time waiver fee in relation to this
extension.

LCM has recently received negative developments in relation to two of its case
investments. These two matters have a combined LCM invested capital of
approximately A$9 million. Management is reviewing these matters and expects
to recognise material write-downs in relation to these investments in its next
set of financial statements.

The Strategic Review that was first announced on 15 September 2025 continues
to progress and the waiver extension is reflective of Northleaf's ongoing
support while LCM works towards a long-term resolution of its capital
position. Management will provide an update on the progress of the Strategic
Review in due course.

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

Enquiries

 Litigation Capital Management
 Patrick Moloney, Chief Executive Officer

 David Collins, Chief Financial Officer

 Cavendish (Nomad and Broker)                               Tel: 020 7220 0500
 Jonny Franklin-Adams and Isaac Hooper (Corporate Finance)

 Ella Bedford (Corporate Broking)

 

www.lcmfinance.com (http://www.lcmfinance.com)

 

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