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DJ Lombard Capital PLC Issue of Equity

 
TIDMLCAP 
 
1 February 2017 
 
                              LOMBARD CAPITAL PLC 
 
          Exercise of options and change in substantial shareholding 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announce that 
they have received notice from a holder of options over 350,000 Ordinary Shares 
(the "Options") to exercise their options at 4.5p per share. 
 
As a result, the board has resolved to issue 350,000 Ordinary Shares to the 
Option holder, Sir Michael Marshall. 
 
On 1 December 2015, the Company announced that it granted options for a total 
of 700,000 ordinary shares of 0.1 pence each ("Ordinary Shares") representing 
approximately 31 per cent of the Company's issued ordinary share capital at the 
time of the grant, at an exercise price of 4.5 pence per share. The options 
were granted equally (350,000 each with a total exercise price of GBP13,160 per 
Director) to the Directors at that time, N B Fitzpatrick and G Jones, and 
vested immediately on grant. 
 
They were not subject to any performance conditions and lapse 7 years from the 
date of grant. 
 
The options held by N B Fitzpatrick and G Jones were subsequently reassigned to 
Merico Financial Inc. and D W Grierson respectively.  D W Grierson is a 
director of the company.  Merico Financial Inc subsequently assigned the 
350,000 options it held to Sir Michael Marshall. 
 
The 350,000 options held by D W Grierson have not been exercised and remain 
outstanding. 
 
As a result of the exercise of the Options the Company now has 3,325,514 
Ordinary Shares in issue. 
 
The Company has also been notified, on 29 January 2017, that Sir Michael 
Marshall disposed of 265,000 Ordinary Shares on 11 January 2017 and 240,000 
Ordinary Shares on 18 January 2017. As a result of this disposal and of the 
exercise of the Options Sir Michael Marshall now owns 350,687 Ordinary Shares 
in the Company representing 10.5% of the entire issued share capital. 
 
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

February 01, 2017 05:06 ET (10:06 GMT)