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DJ Lombard Capital PLC Issue of Equity

 
TIDMLCAP 
 
1 March 2018 
 
                              LOMBARD CAPITAL PLC 
 
                                Issue of equity 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announce that 
they have received notice to convert GBP75,000 of the 7.5 per cent Convertible 
Unsecured Loan Notes 2020 (the "Loan Notes") into shares. 
 
The Convertible Notes carry the right of conversion into Ordinary Shares at the 
rate of 10p per share as a result the board have resolved to issue 750,000 
Ordinary Shares of GBP0.001 each. 
 
Furthermore, the holder of the Loan Notes subject to the conversion has 
requested that the interest due, net of withholding tax, on GBP150,000 of Loan 
Notes (including the GBP75,000 which has been converted) be paid in shares at 10p 
per share. As a result, the board have resolved to issue a further 43,643 
Ordinary Shares of GBP0.001 each. 
 
Furthermore, the directors announce that they have received GBP2,500 in respect 
of a notice to convert 25,000 warrants into shares at the conversion price of 
10p per share. As a result, the board have resolved to issue a further 25,000 
Ordinary Shares of GBP0.001 each. 
 
As a result of these allotments the Company now has 4,219,157 Ordinary Shares 
in issue. 
 
The directors of Lombard Capital Plc accept responsibility for this 
announcement. 
 
For further information please contact: 
 
Brent Fitzpatrick 
Tel:  07718 883813 
NEX Exchange Corporate Adviser 
Alfred Henry Corporate Finance Limited 
Nick Michaels:  0203 772 0021 
 
 
 
END 
 

(END) Dow Jones Newswires

March 01, 2018 07:08 ET (12:08 GMT)