Print   

The Result of EGM announcement released today at 14.47 under RNS No. 0278B has been amended.

 

1.  The nominal value of the shares should be 0.5 pence per share instead of 5 pence per share as stated.
2.  In addition, disclosure has been included in relation to the placing announcement on 24 September 2009. 

The full amended text is shown below:



 

19 October 2009

For immediate release

Lombard Risk Management plc

('LRM' or the 'Company')

Result of Extraordinary General Meeting ("EGM")

Lombard Risk Management plc, the second largest global provider of specialised software solutions that improve the management of collateralised trading and regulatory compliance announces today that the resolutions considered at the EGM convened by the notice sent to shareholders on 24 September 2009 and held today, were duly passed.

The resolutions proposed at the EGM were to authorise the Directors generally to allot 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 Placing announced on 24th September to raise £2.83 million of equity (being £1.8 million in new equity and a further £1.03 million in conversions of existing loans into equity).  Admission of 70,750,000 new ordinary shares of 0.5 pence each in the capital of the Company is expected to take place and dealings expected to commence on the AIM market of the London Stock Exchange at 8.00am on 23 October 2009. 

Following Admission and the issue of the 70,750,000 new ordinary shares above, the total number of ordinary shares of 0.5 pence each of LRM in issue will be 206,926,786.

-ends-

Enquiries:

Lombard Risk Management plc

John Wisbey, Chairman & CEO

Tel: 020 7089 3700

E: john.wisbey@lombardrisk.com

Keith Butcher, Finance Director

Tel: 020 7089 3700

E: keith.butcher@lombardrisk.com

Noble & Company Limited

Brian Stockbridge, Associate Director

Tel: 020 7763 2200

City Profile 

William Attwell

Tel: 020 7448 3244

ENDREGGUGQGUUPBGCB