Last checked at 
10 Oct 2011 13:06
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
10 October 2011
Announcement re LMS Capital plc (the "Company")
The Withers Trust Corporation, Robert Rayne, the Chairman of the Company, certain members of his family and related trusts and other shareholders of the Company (together, the "Concert Party") note the announcement made by the Company earlier today.
The Concert Party is pleased that the independent directors of the Company now support the Concert Party's conviction that an orderly realisation strategy is in the interests of shareholders as a whole. This change of direction will facilitate implementation of the strategy advocated by the Concert Party and which the Concert Party firmly believes will benefit all shareholders.
In its discussions with the Company, the Concert Party's objective has always been to identify a way forward which would benefit all shareholders equally. In fulfilling this objective, it has never sought to have its shareholding bought by the Company, nor has it sought any different treatment for its shareholding from that of other shareholders.
The Concert Party proposes to identify with fellow shareholders the optimal board composition for the Company to take this new strategy forward with the objective of maximising shareholder value. The Concert Party will also discuss with shareholders the proposal to remove a board member who has consistently supported the strategy which has now been adopted by the independent directors.
ENDS
Enquiries
Withers LLP (solicitors to the Concert Party) Robert Darwin
| 020 7597 6000 |
Rothschild (financial adviser to the Concert Party) | 020 7280 5000 |
Alex Midgen / Edward Mitting | |
Tulchan | 020 7353 4200 |
John Sunnucks / Peter Hewer / Lucy Legh |
N.M. Rothschild & Sons Limited ("Rothschild"), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Concert Party and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than the Concert Party for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.