Lombard Risk Management PLC Grant of Options (1173H)

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: [phone] 

Alastair Brown, CEO

Nigel Gurney, CFO

   finnCap (Nomad and Joint Broker)          Tel: [phone] 

Stuart Andrews

Carl Holmes

Scott Mathieson

   WG Partners LLP (Joint Broker)                 Tel: [phone] 

David Wilson

Claes Spång

Chris Lee

   Newgate Communications                          Tel: [phone] 
   Bob Huxford                                                      Email: [e-mail] 

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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June 05, 2017 02:00 ET (06:00 GMT)