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DJ Lombard Capital PLC Trading Statement

 
TIDMLCAP 
 
LOMBARD CAPITAL PLC 
 
("Lombard" or the "Company") 
 
Trading statement 
 
The Directors wish to advise Shareholders of the following trading statement 
for the quarter ended 31 December 2018. 
 
The Company is continuing its progress towards the target of issuing an asset 
backed bond. 
 
During the 3 months to 31 December 2018, the comprehensive loss for the period 
was GBP30,655 which is reflected by a reduction in current assets and an 
increase in current liabilities. 
 
On 27 December the Company announced that LCP Financial Limited (a wholly owned 
subsidiary of Lombard Capital Plc) is to issue an asset backed 4% Bond for up 
to GBP50,000,000 expiring 31 January 2022 ("the Bond"). 
 
The Company expects to raise funds by way of issuing Bonds in order to further 
its business plan by completing the issuance of the first Bond during the 
remainder of the first quarter of 2019. As a first step towards this goal we 
announced that LCP Financial Limited had applied for and been granted an ISIN 
in respect of the Bond and had successfully completed enabling of the Bond to 
be electronically delivered, and traded, through global systems, as a step 
preceding the planned listing. 
 
The Company is currently discussing a placing agreement as a precursor to, and 
to meet the qualification criteria for, an exchange listing of the Bonds for 
trading. Upon listing the Company will continue to raise funds by the issuance 
of Bonds in the market. 
 
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

January 31, 2019 10:26 ET (15:26 GMT)