28th Jan 2015 17:45
LONDON (Alliance News) - London Capital Group Holdings PLC Wednesday said it will issue 4.1 million shares after receiving conversion notices to convert GBP750,000 in loan notes from JIM Nominees Ltd at a price of 25.02 pence each.
London Capital, which offers online financial trading to retail investors, said the total share issuance also covers GBP262,500 in interest due.
Last week, London Capital said it would be issuing 14.4 million shares after receiving conversion notices for loan notes from investment vehicle GLIO Holdings Ltd and investment manager Hargreave Hale Ltd.
London Capital shares closed 0.8% lower Wednesday at 30.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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