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DJ Lombard Capital PLC Statement re loan note conversion and issue of shares

 
TIDMLCAP 
 
8 September 2016 
 
                              LOMBARD CAPITAL PLC 
 
                           Conversion of loan notes 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announce that 
they have received notices from holders of all of the 7.5 per cent Convertible 
Unsecured Loan Notes 2018 (the "Loan Notes") to convert their loans to Ordinary 
Shares in the Company. The total amount outstanding in respect of the Loan 
Notes was GBP45,000. 
 
As a result the board has resolved to issue 450,000 Ordinary Shares to the Loan 
note holders. 
 
Moreover a further 7,364 Ordinary Shares have been issued to the Loan Note 
holders in consideration for interest due on the Loan Notes. 
 
As a result the Company now has 2,725,514 Ordinary Shares in issue. 
 
Of the 457,364 new Ordinary Shares issued 355,687 have been issued to Sir 
Michael Marshall who subsequently owns 355,687 Ordinary Shares in the Company 
representing 13.1% of the entire issued share capital. 
 
Of the 457,364 new Ordinary Shares issued 101,677 have been issued to Investa 
Securities Limited who subsequently owns 101,677 Ordinary Shares in the Company 
representing 3.7% of the entire issued share capital. The beneficial owner of 
Investa Securities Limited is Juerg Walker. 
 
The directors of Lombard Capital Plc accept responsibility for this 
announcement. 
 
For further information please contact: 
 
Brent Fitzpatrick 
 
Tel:  07718 883813 
 
ISDX Corporate Adviser: 
 
Alfred Henry Corporate Finance Limited 
 
Nick Michaels:  020 7251 3762 
 
 
 
END 
 

(END) Dow Jones Newswires

September 08, 2016 02:00 ET (06:00 GMT)