16 Dec 2015 07:00
16 December 2015
Lombard Risk Management plc
("Lombard Risk Management" or the "Company")
Director's exercise of share options
Lombard Risk Management plc (AIM: LRM.L), a leading global provider of integrated collateral management and regulatory reporting solutions for the financial services industry, announces that Mr Philip Crawford, Executive Chairman, yesterday increased his shareholding in the Company through the exercise of options over 600,000 Lombard Risk Management ordinary shares (the "Options Shares") representing approximately 0.2 per cent of the Company's issued share capital and total voting rights.
Mr Crawford has retained the Option Shares and as a result his shareholding in the Company has increased to 5,569,876 ordinary shares representing approximately 1.83% of the Company's issued share capital and total voting rights. Mr Crawford also retains a beneficial interest in further options over 500,000 Lombard Risk Management ordinary shares which, when exercised, will represent approximately 0.02 per cent of the Company's issued share capital.
The Option Shares were exercised at a price of 5.5p per share for a total consideration of £33,000. The Option Shares have been issued and allotted and application has been made for the Option Shares to be admitted to trading on AIM. It is expected that admission will take place on 21 December 2015.
The Option Shares will rank pari passu with the existing ordinary shares of the Company. In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, following this allotment the total number of ordinary shares in the capital of the Company in issue is 305,061,260. The Company currently holds 234 Ordinary Shares in treasury which do not carry voting rights and therefore the total number of voting rights in the Company is 305,061,026.
The above figure of 305,061,026 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
For further information, please contact:
Lombard Risk Management plc Tel: 020 7593 6700
Philip Crawford, Executive Chairman
Alastair Brown, Chief Executive Officer
Nigel Gurney, Group Finance Director
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Nominated Adviser and Broker
Russell Cook
James Greenwood
Newgate Tel: 020 7653 9850
Tim Thompson
Bob Huxford
Robyn McConnachie