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Lombard Capital PLC - GM Statement
PR Newswire
Result of General Meeting
Lombard announces that at the general meeting held today at 10am at 19 Goldington Road, Bedford, MK40 3JY all resolutions were duly passed.
Shareholder approval was obtained to expand the business strategy to include a focus on property investment and development. While the development of waste assets is not precluded, the future of the Gaskell House property is under consideration, and it is possible that it will be disposed of in the near term to realise funds for other property investment and development which we believe can create shareholder value more readily.
Lombard Capital PLC - Half-year Report
PR Newswire
CHAIRMAN S STATEMENT
Dear Shareholder
During the 6 months to 31 December 2020, the comprehensive loss for the period was GBP (325,038). As a result, the Company remains in a position where it is dependent upon its ability to generate sufficient cash flows by issuing shares, the exercise of warrants and realisation of investments and other assets, in order to meet continued operational costs and hence continue trading.
During the period the company capitalised approximately £1,460,000 of expenses in relation to Gaskell House and incurred £168,000 in finance charges. Whilst the company continues to pay its professional costs and general running costs of £164,000 the directors have, once again not drawn remuneration during this period.