New director invests £100,000 in LMS

Recently appointed non-executive director Mark Sebba has invested nearly £100,000 in LMS Capital shares.

Sebba has acquired 210,000 at 47p each - a total cost of £98,700. He did not own any shares in LMS prior to the purchase.

Sebba is chief executive of NET-A-PORTER.com, the luxury women's global fashion internet magazine and retailer, whose sales have grown from £6m to £120m in the six years to 2009.

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Investment company LMS was keen to secure Sebba's expertise because he has a background in the consumer and applied technology sectors - two of the company's three main sectors, the other being energy. He also has experience in the UK and US.

LMS invests in growing, profitable businesses which benefit from its expertise. Glenn Payne became chief executive last March and the Hon Robert Rayne switched to chairman.

LMS had a net asset value of £217m at the end of June 2010, compared with a market value of £135.64m at 49.75p a share.

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LMS Capital (LMS) Director name: Mr Mark SebbaAmount purchased: 210,000 @ 47.00p Value: £98,700

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