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19 Oct 2009 14:47
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19 OctoberΒ 2009
For immediate release
Lombard Risk Management plc
('LRM' or the 'Company')
ResultΒ of Extraordinary GeneralΒ MeetingΒ ("EGM")
Lombard Risk Management plc,Β the second largest global provider of specialised software solutions that improve the management of collateralised trading and regulatory compliance announcesΒ todayΒ that the resolutions considered at theΒ EGMΒ convened by the notice sent to shareholders on 24 September 2009 and held today, were duly passed.
The resolutions proposed at theΒ Β EGMΒ were to authorise the Directors generally to allotΒ shares in the Company and to further authorise the Directors to allot equity securities for cash and to do so otherwise than in accordance with the statutory pre-emption provisions, as set out in the Companies Act, in connection with the PlacingΒ to raise Β£1.8 millionΒ and otherwise. Admission of 70,750,000 new ordinary shares of 5 pence each in the capital of the CompanyΒ is expected to take place and dealings expected to commenceΒ on theΒ AIMΒ marketΒ ofΒ the London Stock ExchangeΒ atΒ 8.00amΒ onΒ 23 October 2009.Β
Following the issue of the 70,750,000 new ordinary shares above, the total number of ordinary shares of 5 pence each of LRM in issue is 206,926,786.
There are no shares held in treasury and so the total number of voting rights in the Company is therefore 206,926,786.
The above figure 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 Financial Service Authority's Disclosure and Transparency Rules.
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Enquiries:
Lombard Risk Management plc
John Wisbey, Chairman & CEO
Tel: 020 7089 3700
E: john.wisbey@lombardrisk.com
Noble & Company Limited
Brian Stockbridge, Associate Director
Tel: 020 7763 2200
City ProfileΒ
William Attwell
Tel: 020 7448 3244
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