8 September 2016
LOMBARD CAPITAL PLC
Conversion of loan notes
The directors of Lombard Capital Plc (“Lombard” or “the Company”) announce that they have received notices from holders of all of the 7.5 per cent Convertible Unsecured Loan Notes 2018 (the “Loan Notes”) to convert their loans to Ordinary Shares in the Company. The total amount outstanding in respect of the Loan Notes was £45,000.
As a result the board has resolved to issue 450,000 Ordinary Shares to the Loan note holders.
Moreover a further 7,364 Ordinary Shares have been issued to the Loan Note holders in consideration for interest due on the Loan Notes.
As a result the Company now has 2,725,514 Ordinary Shares in issue.
Of the 457,364 new Ordinary Shares issued 355,687 have been issued to Sir Michael Marshall who subsequently owns 355,687 Ordinary Shares in the Company representing 13.1% of the entire issued share capital.
Of the 457,364 new Ordinary Shares issued 101,677 have been issued to Investa Securities Limited who subsequently owns 101,677 Ordinary Shares in the Company representing 3.7% of the entire issued share capital. The beneficial owner of Investa Securities Limited is Juerg Walker.
The directors of Lombard Capital Plc accept responsibility for this announcement.
For further information please contact:
Tel: 07718 883813
ISDX Corporate Adviser:
Alfred Henry Corporate Finance Limited
Nick Michaels: 020 7251 3762