Mr Reeves, Chief Executive of Lombard, commented that after very careful consideration of the prospects of Lombard and its existing business, and very much endeavouring to act in the interests of all shareholders, LOM had identified a transaction with ACIL as an exciting opportunity for LOM.
LOM's Chief Executive Michael Reeves commented that "The Board recognised that Lombard's business focus needed to change and we are delighted to now be in negotiation with ACIL to address that need."
is a company with a proven track record, providing LOM
with the opportunity for diversification into the insurance services sector.
"We have a lot of work to do to provide LOM shareholders with the information they need to consider this proposal and every step possible will be taken to ensure that shareholders understand what is proposed and that all shareholders are treated fairly.
" Mr Reeves
Chief Executive Officer
Lombard Group Limited
Tel: +64-4-499 7365