Lombard Risk Management PLC Grant of Options (1173H)
June 05 2017 - 2:00AM
UK Regulatory
TIDMLRM
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 Exercise Resulting
of options price per total number
granted options 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: lombard@newgatecomms.com
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 ordinary shares of 0.5p each
the Financial ("Ordinary Shares")
instrument, type
of instrument
---
Identification GB00B030JP46
code
--- ------------------------------- ---------------------------------------
b) Nature of the Issue of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- -------------------
All at 500,000 - Philip
14.13p Crawford
1,000,000 - John
McCormick
1,000,000 - Sandy
Broderick
--------- -------------------
--- ------------------------------- ---------------------------------------
d) Aggregated information: See above
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------------
e) Date of the transaction 5 June 2017
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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