20th Oct 2014 17:49
London Capital Group Holdings plc
(the "Company")
Completion of Licencing Agreement
Further to the issue of the GLIO Convertible Loan Notes, as announced by the Company on 17 October 2014, and the recent approval by shareholders at the Company's general meeting held on 30 September 2014, the Company is pleased to announce that the Software as a Service licencing agreement (the "Licencing Agreement") between the Company's indirect subsidiary London Capital Group Limited ("LCG") and Algoweb S.A.R.L. ("Algoweb") has now been executed and is unconditional in all respects. The Licencing Agreement will allow LCG to access Algoweb's retail distribution platforms and software, as well as connectivity to post-trade services.
Further information on the Licencing Agreement and Algoweb may be found in the circular posted to shareholders on 13 September 2014, which is also available to view on the Company's website at www.londoncapitalgroup.com.
For further information, please contact:
London Capital Group Holdings plc
Charles-Henri Sabet, Executive Chairman
020 7456 7000
Cenkos Securities plc
Nicholas Wells
020 7397 8900
Notes to Editors:
London Capital Group Holdings plc (hereafter "LCGH plc" or "LCG" or "London Capital Group" or "the Group") is a financial services company offering online trading services.
London Capital Group Limited (LCG Ltd), a wholly owned trading subsidiary of LCGH plc, is authorised and regulated by the Financial Conduct Authority. Its core activity is the provision of spread betting and CFD products on the financial markets to retail clients under the trading names Capital Spreads, Capital CFDs and LCG MT. Its other division provides online foreign exchange trading services to institutional and professional clients. LCG Ltd is one of the leading providers of white label financial spread trading and CFD platforms and its white label partners include TD Direct Investing, Bwin.party, and Saxo Bank.
LCG Ltd has a European passport and is a member of the London Stock Exchange. LCG Ltd also has access to international markets through its global clearing relationships.
LCGH plc is listed on the London Stock Exchange's AIM market. LCG is included in the General Financial sector (8770) and Speciality Finance sub sector (8775) and has a RIC code of LCG.L.
Related Shares:
London Capital Group Holdings