Lombard Capital PLC / LCP Financial Ltd.
4th May 2022
The directors are pleased to announce that a final share purchase agreement has been reached between ourselves and the target company.
The only remaining issue is the vote before Lombard Capital PLC’s shareholders on the 25th May, which once completed favorably will result in complete control of all the bond issuance and portal usage capability being encapsulated into our overall group program.
In the interim, we are book building a number of varying assets in size and composition to fit within the LCP Financial Ltd 4% 5 year bond for full marketability to Institutions and Accredited investors both affiliated to and held within our group.
This enables SBS Portal Ltd to grow its product line exponentially in the multi-lateral fixed income and correspondingly the equity market for the common use of each participating sub issuer.
It is envisaged there will be up to six projects covered within each batch or section of the growth curve of our developing system, which will cover a number of operational subsidiaries varying from property, sports, entertainment and financial divisions both individually and collectively.
22nd April 2022
The Directors of SBS Group Limited are pleased to announce their agreement to purchase the issued share capital of LCP Financial Limited and its LCP Financial 4% Bond expiring 31st January 2027, listed on the Wiener Boerse Market (GB00BJ11J635)
The consideration is being satisfied by the issue of 1,367,858 new ordinary shares of SBS Group Limited at £2.80 per share, giving a net consideration of £3,830,000
The rational for buying LCP allows the Company to encapsulate the bonds within our subsidiary, SBS Commercial Finance Limited, which is designed to refine property bridging and to reduce costs for our client base of developers. This will allow us to further develop our SBS Portal product line.
29th JAN 2022
We are pleased to update the proposed transaction to be inclusive of Lombard Capital PLC and all of its subsidiaries and consequently, we have enhanced our offer to 2,100,000 shares in total, subject to the approval of the company and its shareholders at a required shareholders meeting.
Conclusion, Execution & Completion with LCP Financial LTD.
15th June 2022
The Directors are pleased to announce the conclusion, execution, and completion of the purchase of LCP financial LTD. and all of its bonds and securities products and its portalisation capacity by inheritance from today.