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LONDON - Australian investment firm Perpetual Limited has reduced its stake in Litigation Capital Management Limited (LCM) to below 3%, according to a regulatory filing released Monday.
The notification shows Perpetual now holds 3,300,601 shares in LCM, representing 2.888% of voting rights, down from a previous 3% position. The threshold was crossed on June 19, with the company notifying LCM the following day.
The disclosure was made through a TR-1 form, the standard regulatory mechanism for reporting major shareholding changes in publicly listed companies. The filing indicates Perpetual Limited controls its LCM holdings through its subsidiary Pendal Group Limited.
LCM, which is listed on the London Stock Exchange (LON:LSEG) but incorporated in Australia, specializes in providing financing solutions for litigation cases. The company’s ISIN code is identified as AU000000LCA6 in the filing.
The notification specifies that Perpetual’s holdings consist entirely of direct voting rights attached to shares, with no financial instruments or derivatives included in the position.
According to the filing, the transaction that triggered the disclosure requirement occurred on June 19, 2025, with formal notification provided to the issuer and financial regulators on June 20, 2025.
The information was disclosed in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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