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DJ Lombard Capital PLC Statement re Property Acquisition and Share Issues

20 May 2020 
                              LOMBARD CAPITAL PLC 
                     Property Acquisition and Share Issues 
The directors of Lombard Capital Plc ("Lombard" or "the Company") are delighted 
to announce that, following the announcement made on 1 April 2020, the 
Company's wholly owned subsidiary Waste and Recycling Solutions Limited 
("WARS") has exchanged contracts on the purchase of its first asset, a freehold 
plot of land Gaskell House 45-49 Rough Hey Road, Grimsargh, Preston. PR2 5AR. 
An exchange of contracts has been agreed for a cash consideration of GBP1,080,000 
(GBP900,000 + VAT). The exchange deposit of GBP150,000 was transferred on Wednesday 
22nd April 2020 and exchange took place on Thursday 23rd April 2020. Completion 
is due on 29th May 2020. 
Completion is only conditional on the payment of the consideration. 
WARS is 100% owned by LCP Financial Limited ("LCP") which in turn is wholly 
owned by Lombard. 
The initial deposit of GBP150,000 has been paid by LCP. LCP intend to raise the 
balance less the cash they have available via the issue of more of their bonds 
which are listed on the Wiener Borse 
Two companies that have worked closely with Lombard, Seventy Seven Properties 
Limited and Capital Protection Program Limited have underwritten any shortfall. 
Seventy Seven Properties Limited, which owns 5.72% of Lombard, is controlled by 
Mr Terence Smith. Capital Protection Program Limited is controlled by Barry 
Fromson. Barry Fromson is a director of LCP and a 17.82% shareholder in 
The site is a total of 3.06 acres with approximately 7000 sq ft offices & 
44,000 sq ft of warehousing. Within the footprint are additional storage areas 
and open plan concreted areas with 2 weigh bridges while offering excellent 
transport links to the M6, M60 & M62 corridors. 
The site, which was previously operated as a waste and recycling centre, was 
mismanaged and has had its license suspended. 
The site has been purchased as an investment and it is envisaged that WARS will 
apply to have the Environmental license reinstated. The intrinsic value of the 
site with the applied amendments and an operational permit would, the directors 
believe, increase the value of the site dramatically. 
WARS is actively pursuing further acquisitions to promote the programme, 
initially to include a Waste to Energy facility and a bespoke Plastic Recovery 
Plant which will complement the waste processing at Gaskell House. The synergy 
of these separate projects will create a unique position within the Waste 
sector offering an unrivalled control of the materials received into the WARS 
In the coming days, Barry Fromson will join the board and David Grierson having 
expressed his desire to step down from the board will retire as a director. 
Further announcements will be made at the appropriate time. 
Lombard previously announced that LCP listed a debt programme for up to GBP50m 4% 
Bonds 2022 on the Vienna Stock Exchange MTF (third market). To date a total of 
GBP2,497,000 of bonds have been issued for net proceeds, after discounts, of GBP 
The directors of Lombard now announce that they have received notice that 
holders of bonds totalling GBP507,000 wish for their bonds to be repaid and the 
funds immediately used to acquire Ordinary Shares in the Company at a price of 
25p per share. As a result, the board have resolved to issue 2,028,000 Ordinary 
shares of GBP0.001 each. 
The directors of Lombard now announce that holders of 3,200,000 warrants have 
given notice to exercise the warrants into 3,200,000 Ordinary Shares at the 
rate of 10p per share, for a total consideration of GBP320,000. As a result, the 
board have resolved to issue 3,200,000 Ordinary Shares of GBP0.001 each. A total 
of 10,985,000 warrants, convertible into 10,985,000 Ordinary Shares, with an 
exercise price of 10p per share remain outstanding. 
As a result of the above transactions, a total of 5,228,000 Ordinary Shares of 
GBP0.001 each are being issued. 
As a result of these allotments the Company now has 14,809,784 Ordinary Shares 
in of GBP0.001 each issue. 
The above figure of 14,809,784 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. 
As a result of these issues the following substantial shareholdings exist: - 
Shareholder                         Shares        Total   Shareholding 
                                    issued Shareholding   (percentage) 
                                  (number)     (number) 
Richard Murray                   2,000,000    4,437,558         29.96% 
John Reilly                      1,000,000    2,218,779         14.98% 
Ross Maxwell                     1,432,000    1,432,000          9.67% 
Robert Lyndsay                     596,000      596,000          4.02% 
Peter Harding                      200,000      443,756          3.00% 
The directors of Lombard accept responsibility for this announcement. 
For further information please contact: 
Brent Fitzpatrick 
Tel:  07718 883813 
AQSE Growth Market Corporate Adviser 
Alfred Henry Corporate Finance Limited 
Nick Michaels:  0203 772 0021 

(END) Dow Jones Newswires

May 20, 2020 03:00 ET (07:00 GMT)