19 Jul 2017 07:00
19 July 2017
Lombard Risk Management plc
("Lombard Risk" or the "Company")
AGM statement
Lombard Risk Management plc (AIM: LRM), a leading global provider of integrated collateral management and regulatory reporting technology solutions for the financial services industry, will be holding its Annual General Meeting today at 9:30am at the offices of Newgate Communications Limited, 50 Basinghall Street, London, EC2V 5DE.
At the meeting, Philip Crawford, Group Non-executive Chairman, will make the following statement: "The Company continues to see a positive market for its products with the landscape largely unchanged since we announced our 2017 full year results in May. The roll out of our next generation reporting product, AgileREPORTER®, continues to present us with a broad range of opportunities both in terms of upgrading existing regulatory reporting clients and accessing new markets. The widening requirement for collateral clients to comply with, amongst others, uncleared margin rules, along with key product enhancements such as the launch of our Exchange Traded Derivatives module, offers similar opportunities in the collateral management space.
"We have historically reported full year revenues that are weighted to the second half of the year and we expect the year to 31 March 2018 to be no different. The Board is encouraged by the pipeline of new business being pursued both through the Company's direct sales force and through its relationships with its channel partners.
"Lombard Risk continues to invest in its development centre in Birmingham, which will provide the Company with both time to market and cost advantages. The Board is satisfied with the progress of this important initiative and continues to look to the future with confidence."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
Lombard Risk Management plc Tel: 020 7593 6700
Alastair Brown, CEO
Nigel Gurney, CFO
finnCap (Nomad and Joint Broker) Tel: 020 7220 0500
Stuart Andrews
Carl Holmes
Scott Mathieson
WG Partners LLP (Joint Broker) Tel: 020 3705 9330
David Wilson
Claes Spång
Chris Lee
Newgate Communications Tel: 020 7653 9850
Bob Huxford Email: lombard@newgatecomms.com
Charlotte Coulson
James Ash
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About Lombard Risk
Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.
Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in Birmingham, New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and service centres in Frankfurt, Atlanta, Tokyo, Sydney and Cape Town. Find out more at lombardrisk.com