Lombard Risk Investors’ Centre
Lombard Risk Management plc is listed on the London Stock Exchange: ticker code “LRM”. Obtain stock pricing now, or if you wish to receive information relating to investment in the firm, please email firstname.lastname@example.org.
Lombard Risk management Plc is making an Open Offer to all Qualifying Shareholders to give them the opportunity to subscribe at the Issue Price of 8.75p for an aggregate of up to 8,729,464 New Ordinary Shares. Qualifying Shareholders may apply for Open Offer Shares under the Open Offer at the Issue Price on the basis of:
1 Open Offer Share for every 35 Ordinary Shares held on the Record Date
Assuming full take up under the Open Offer, the gross proceeds of the Open Offer will raise approximately £0.76 million. The Open Offer is not underwritten.
The Company has posted a circular in relation to the proposed Placing and Open Offer to all Qualifying Shareholders. To view this circular, click HERE.
Annual Report 2016
Annual Results (Fiscal Year 2015/2016)
Highlights of results for the year ended 31st March 2016
Revenue increased by 10.3% to £23.7m (2015: £21.5m)
Recurring revenue grew 12.4% to £10.2m (2015: £9.1m), representing c. 43.1% of revenue (2015: 42.3%)
Adjusted EBITDA decreased to £2.1m (2015: £4.6m)
Loss before tax of £2.2m (2015: profit £2.3m)
Cash and cash equivalents at 31 March 2016 of £3.3m (31 March 2015: £2.2m)
Launched AgileREPORTER® for Global Regulatory Reporting
Signed Technology License Agreement with Oracle America Inc.
Unveiled new global identity and launched new website
Refreshed leadership team with appointment of Alastair Brown to the Board as Chief Executive Officer
Annual General Meeting
Lombard Risk will be holding its Annual General Meeting (AGM) at the offices of Memery Crystal LLP, 44 Southampton Buildings, London WC2A 1AP on Wednesday 6 July 2016 at 9.30am.