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10 Oct 2013 07:00
10 October 2013
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Prospective contract win
Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is aware of speculation regarding a potential major contract win for the Company.
The Board is pleased to announce that the Company is in the final stages of concluding a major contract to license its COLLINE collateral product to a large European bank. The bank has confirmed to the Company that it has selected COLLINE as its chosen system. Preparatory work and expense has already been committed to this project by the bank and it is expected that the contract will be concluded by the end of December.
This will represent an important contract win for the Company which will support management's confidence that the Company will meet market forecasts for the current year, as well as generating further recurring revenues beyond.
As announced previously Lombard Risk's interim results for the six months to 30 September 2013 will be released on 15 October 2013.
Contact:
Lombard Risk Management plc | Tel: 020 7593 6700 |
www.lombardrisk.com | |
John Wisbey, CEO | john.wisbey@lombardrisk.com |
Paul Tuson, CFO
| paul.tuson@lombardrisk.com |
Charles Stanley Securities | 020 7149 6000 |
Nominated Adviser and Broker | |
Russell Cook / Carl Holmes
| |
Newgate Threadneedle | 020 7653 9850 |
Graham Herring / Robyn McConnachie |
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