Back to all announcements

DJ Lombard Capital PLC Further offer of convertible loan notes and warrants

 
TIDMLCAP 
 
28 June 2018 
 
                              LOMBARD CAPITAL PLC 
 
             Further offer of convertible loan notes and warrants 
 
The directors of Lombard Capital Plc ("Lombard" or "the Company") announced on 
20 September 2017, that they had offered for subscription (the "Offering") up 
to GBP3,000,000 7.5 per cent Convertible Unsecured Loan Notes 2020 (the "Loan 
Notes"). 
 
The Convertible Notes carry the right of conversion into Ordinary Shares at the 
rate of 10p per share.  The Convertible Notes will be issued together with 
warrants that entitle the holder to subscribe for Ordinary Shares at 10p per 
share.  The warrants will be issued for a number of shares that corresponds to 
the number of shares to be issued on conversion of the Convertible Notes in 
relation to which the warrants are granted.   The funding to be raised by the 
issue of the Convertible Notes is to be used as working capital for the Company 
and for the strategic objectives that have been adopted by the Board of 
Directors of the Company. 
 
The Company has previously issued GBP195,000 of Convertible Notes (of which GBP 
75,000 have been converted into 750,000 Ordinary Shares and GBP120,000 are held 
with the right to convert into 1,200,000 Ordinary Shares) to those investors 
who applied for Convertible Notes under the Offering. The Directors have chosen 
to extend the Offering in order to raise further funding. 
 
The purpose of the Offering was to raise funding of up to GBP3,000,000 by way of 
the Offering to subscribe for Convertible Notes.  The Convertible Notes are to 
be issued under the terms of the Convertible Note Instrument for cash to be 
advanced by those who subscribe for Convertible Notes under the Offering.  The 
funding to be raised by the issue of the Convertible Notes is to be used as 
working capital for the Company and for the strategic objectives that have been 
adopted by the Board of Directors of the Company. 
 
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

June 28, 2018 11:04 ET (15:04 GMT)