Lombard Risk Management plc, the second largest global provider of
specialised software solutions that improve the management of
collateralised trading and regulatory compliance announces that,
following the resolutions passed at the EGM held on 19 October, 2009,
dealings in relation to 70,750,000 new ordinary shares of 0.5 pence
each in the capital of the Company issued to raise £2.83 million of
equity (being £1.8 million in new equity and a further £1.03 million in
conversions of existing loans into equity) have commenced today on the
AIM market of the London Stock Exchange.
Further to the issue of the 70,750,000 new ordinary shares above, the
total number of ordinary shares of 0.5 pence each of LRM in issue is
206,926,786. The following new shareholders have a notifiable interest
in the Company:
| Shareholder |
Number of ordinary shares
of 0.5p each held |
Percentage holding |
Legal
& General Investment Management Ltd.
|
17,280,000 |
8.35%
|
| Gartmore
Investment Ltd. |
10,650,000 |
5.15%
|
There are no shares held in treasury and so the total number of voting
rights in the Company is therefore 206,926,786.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company
under the Financial Service Authority's Disclosure and Transparency
Rules.
John Wisbey, Chairman & CEO commented "This share issue of
£2.83m gives us a healthy cash position as well as allowing us to
eliminate our director loans. We have gained some world class
shareholders including notifiable interests from Legal and General and
Gartmore, and our board also showed its confidence in the Company by
collectively subscribing £1.06m of the issue total. It was pleasing
that the issue was oversubscribed.
We have a significant opportunity in the next few years in our chosen
areas of collateral management and regulatory compliance. We are
already building a strong order book from some of our UK regulatory
customers for software projects around the FSA's new regulations for
Liquidity Reporting that come into effect in 2010, and we have received
encouraging levels of interest and commitment from some sizeable banks
and fund managers for our Colline collateral management product. This
all leads us to be optimistic about the second half of this financial
year ending March 2010 and the following financial year".
Enquiries:
Lombard Risk
Management plc:
John Wisbey,
Chairman and CEO
T: +44 (0)20 7089 3700
Email: 
Keith Butcher,
Finance Director
T: +44 (0)20 7089 3700
Email:
keith.butcher@lombardrisk.com
Noble &
Company Limited
Brian Stockbridge, Associate Director
T: +44 (0)20 7763 2200
City Profile
William Attwell
T: +44 (0)20 7448 3244
Click here to email Lombard Risk's
Investor Relations team
