("Lombard" or the "Company")
Notice of AGM
Lombard announces that notice has been sent to shareholders of the Company on
1. To receive and adopt the statement of accounts for the year ended
2. To re-appoint
4. To authorise the Directors pursuant to section 551 of the Companies Act 2006
The Act requires that the authority of the Directors to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company should be subject to the approval of Shareholders in general meeting or to an authority set out in the Company’s Articles of Association.
Resolution 4 will be proposed at the AGM, as an ordinary resolution to authorise the Directors to allot unissued shares of the Company up to a total nominal value of £70,000. This authority will expire at the next annual general meeting or, if later, eighteen months after the passing of the resolution.
5. To disapply the statutory pre-emption rights under section 561 of the Companies Act 2006
The Act requires that any equity securities issued wholly or partly for cash must be offered to existing Shareholders in proportion to their existing holdings unless otherwise approved by Shareholders in general meeting or accepted under the Company’s articles of association. Accordingly, a special resolution (this resolution 5) will be proposed at the AGM, subject to the passing of resolution 4, to vary the Directors’ authority to allot equity securities for cash other than on a pro rata basis.
The disapplication of statutory pre-emption rights is to be subject to limitations. In the case of shares to be issued or in respect of which options and other rights may be granted to employees and officers of the Group, the number of Ordinary Shares that may be allotted without invoking the statutory pre-emption rights is to be up to an aggregate nominal amount of £10,000, i.e. up to 10,000,000 Ordinary Shares. In the case of shares to be issued or for which rights might be granted for placings and other issues, the shares that may be allotted without being offered by way of rights to existing shareholders under the statutory pre?emption rights is to be up to an aggregate nominal amount of £60,000 which would provide for up to 60,000,000 new Ordinary Shares. This authority will expire on the date falling eighteen months after the passing of this resolution or the date of the annual general meeting to be held in 2019, whichever is the earlier.
The directors of
For further information please contact:
Tel: 07718 883813
NEX Corporate Adviser:
Nick Michaels: 020 3772 0021