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DJ Lombard Capital PLC Statement re convertible loan notes and warrants

 
TIDMLCAP 
 
18 August 2016 
 
                              LOMBARD CAPITAL PLC 
 
                 Issue of convertible loan notes and warrants 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announced on 
31 May 2016 that they had resolved to create up to GBP100,000 7.5 per cent 
Convertible Unsecured Loan Notes 2018 (the "Loan Notes"). The Subscriptions for 
the Loans Notes were to provide additional working capital for the Company. 
 
Up to today's date GBP45,000 of the Loan notes had been subscribed for and 
subsequently converted into shares. 
 
The directors now announce that the remaining GBP55,000 Loan Notes have been 
subscribed for and fully paid. 
 
The Loan Notes are convertible at the current mid-market price of GBP0.10 per 
Ordinary Share of GBP0.001 each up to the final repayment date of 1 May 2018. 
Interest of 7.5% is payable bi-annually in respect of the Loan Notes. 
 
At the time of the creation of the Loan notes the directors resolved to create 
1,000,000 warrants, exercisable up to 1 May 2018 at a price of GBP0.10 per 
Ordinary Share. 
 
Each Loan Note holder receives the same amount of warrants as Ordinary Shares 
that their Loan Note can be into converted into. As a result, 550,000 warrants 
have been issued to the subscriber of the remaining Loan Notes. 
 
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

August 18, 2017 10:29 ET (14:29 GMT)