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Lombard Risk Raises Total GBP8.3 Million In Placing, Open Offer (ALLISS)

Thu, 07th Jul 2016 07:59

LONDON (Alliance News) - Financial services software provider Lombard Risk Management PLC on Thursday said it has raised a further GBP300,000 in the open offer portion of its recent fundraising.

Having already raised GBP8.0 million via a share placing, Lombard said it had raised another GBP300,000 from the open offer portion of the fundraising, issuing 3.4 million shares at 8.75 pence per share. That represents a take-up of 39% for the open offer.

Shares in Lombard were down 3.0% to 8.00 pence.

The proceeds will be used to develop and accelerate Lombard's product portfolio and extend its product development capabilities.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Lombard Risk Management Annual Profits Rise On New Regulations

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