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DJ Lombard Capital PLC Issue of Equity

 
TIDMLCAP 
 
2 March 2020 
 
                              LOMBARD CAPITAL PLC 
 
                                Issue of equity 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announce that 
they have received notice to convert GBP440,000 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 4,400,000 
Ordinary Shares of GBP0.001 each. 
 
Furthermore, the holder of the Loan Notes subject to the conversion have 
requested that the interest due to September 2019 and March 2020, net of 
withholding tax, be paid in shares at the current mid-market price of 2.75p per 
share. As a result, the board have resolved to issue a further 962,627 Ordinary 
Shares of GBP0.001 each. 
 
As a result, a total of 5,362,627 ordinary shares of GBP0.001 each are being 
issued. 
 
As a result of these allotments the Company now has 9,581,784 Ordinary Shares 
in issue. 
 
The above figure of 9,581,784 should be used by shareholders in the Company as 
the denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in, the 
share capital of the Company under the Financial Conduct Authority's Disclosure 
and Transparency Rules. 
 
There are no further outstanding convertible loan notes. 
 
As a result of these issues the following shareholdings exist: - 
 
Shareholder                    Shareholding   Shareholding 
                                   (number)   (percentage) 
 
Richard Murray                    2,437,558          25.4% 
 
Barry Fromson                     1,727,727          17.8% 
 
John Reilly                       1,218,779          12.7% 
 
Seventy Seven Properties            548,450           5.7% 
Limited 
 
Peter Harding                       243,756           2.5% 
 
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 02, 2020 05:53 ET (10:53 GMT)