1 Dec 2015 15:09
1 December 2015
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Lombard Risk Management plc
("Lombard Risk Management" or the "Company")
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Director's grant of share options
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Lombard Risk Management (AIM: LRM.L), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, announced on 27 November 2015 that Alastair Brown has been appointed as Group Chief Executive with effect from today.
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The Company announces that Alastair has today been granted an option over 3,000,000 Lombard Risk Management ordinary shares, representing approximately 0.99% of the Company's issued share capital, at an exercise price of 11.5p. 260,869 share options have been issued through the Company Share Option Plan vesting on or after 1 December 2018 subject to certain performance criteria. The remaining 2,739,131 share options are granted under an unapproved option scheme of which 1,369,565 will vest on or after 1 December 2017, 684,783 vest on or after 1 December 2018 and the final 684,783 vest on or after 1 December 2019 all subject to satisfying the relevant performance criteria.
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Enquiries:
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Lombard Risk Management plc 020 7593 6700
Philip Crawford, Executive Chairman
Nigel Gurney, Finance Director
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Panmure Gordon (UK) Limited 020 7886 2500
(Nominated Adviser and Broker)
Russell Cook
James Greenwood
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Newgate 020 7653 9850
(Financial PR)
Tim Thompson
Bob Huxford
Robyn McConnachie