Source - RNS
RNS Number : 1173H
Lombard Risk Management PLC
05 June 2017
 

5 June 2017

 

Lombard Risk Management plc

("Lombard Risk" or the "Company")

 

Grant of Options

 

Lombard Risk Management plc (AIM: LRM), a leading provider of integrated collateral management and regulatory reporting technology solutions for the financial services industry, today announces that it has granted options over a total of 2,500,000 ordinary shares to certain directors of the Company ("Option Grants"). Details of the Option Grants are set out below:

 

Individual

Number of options granted

Exercise price per options

Resulting total number of options outstanding

Philip Crawford, Non-executive Chairman

500,000

14.13p

1,000,000

John McCormick, NED

1,000,000

14.13p

1,000,000

Sandy Broderick, NED

1,000,000

14.13p

1,000,000

 

Option Grants vest as follows: 50% after two years, 25% after three years and 25% after four years. The Option Grants have an exercise period of 10 years from date of grant, at which time they will expire.  The exercise price is based on the closing mid-price on 24 May 2017, being the day following the release of the Company's results for the year ended 31 March 2017.

 

For further information, please contact:

 

Lombard Risk Management plc                 Tel: 020 7593 6700

Alastair Brown, CEO

Nigel Gurney, CFO

 

finnCap (Nomad and Joint Broker)          Tel: 020 7220 0500

Stuart Andrews

Carl Holmes

Scott Mathieson              

 

WG Partners LLP (Joint Broker)                 Tel: 020 3705 9330

David Wilson

Claes Spång

Chris Lee

 

Newgate Communications                          Tel: 020 7653 9850

Bob Huxford                                                      Email: [email protected]

Charlotte Coulson

James Ash          

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

About Lombard Risk

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.

Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in Birmingham, New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and service centres in Frankfurt, Atlanta, Tokyo, Sydney and Cape Town. Find out more at lombardrisk.com

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Crawford - Non-Executive Chairman

John McCormick - Non-Executive Director

Sandy Broderick - Non-Executive Director

2.           

Reason for the Notification

a)

Position/status

As above

 

Non-Executive Chairman, Non-Executive Director and Non-Executive Director, respectively

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Lombard Risk Management plc

b)

LEI

n/a

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

ordinary shares of 0.5p each ("Ordinary Shares")

Identification code

GB00B030JP46

b)

Nature of the transaction

Issue of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

All at 14.13p

500,000 - Philip Crawford

1,000,000 - John McCormick

1,000,000 - Sandy Broderick

d)

Aggregated information:

·     Aggregated volume

·     Price

See above

e)

Date of the transaction

5 June 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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