| Your Location: Home | Investors | Director Loans, 8th October 2008 | 
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Director Loans Lombard Risk Management plc (the "Company" or "LRM") Lombard Risk Management plc, a company providing regulatory, risk management and valuation software to the financial sector, announces that it has entered into a director loan from Brian Crowe, Non-executive Director, for £200,000 and a further loan from John Wisbey, Chairman and Chief Executive Officer, for £620,000 (the "Loans"). The Loans, which were already disclosed in the Company’s Annual Report & Accounts for the year ended 31 March 2008, have been used to provide the Company with additional working capital. The Loans, which bear interest at 1% per month, are on a demand basis from the point of view of the lenders and repayable at any time at the Company's option. In the event that the Company raises additional equity or loan funding the outstanding amount of the Loans may be converted in whole or in part at each lender’s option into funding on the same terms as that new funding. The Directors of the Company, excluding John Wisbey and Brian Crowe, having consulted with the Company's nominated adviser, Noble & Company Limited, consider that the terms of the Loans are fair and reasonable, insofar as the Company's shareholders are concerned.
Lombard Risk Management plc Noble & Company (Nominated Advisors) Click here to email Lombard Risk's Investor Relations team
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