2nd May 2014 07:02
London Capital Group Holdings plc
("LCG", "the Group" or the "Company")
Placing of Convertible Loan Notes
London Capital Group today announces that it is planning a placing of convertible loan notes of approximately £15m. This placing will be subscribed for in full or in large part by GLIO Holdings Limited ("GLIO").
GLIO is an investment company led by Charles-Henri Sabet who is, and has previously been, a significant and successful investor in online trading platforms.
The placing is subject to a number of conditions including the approval of LCG shareholders, receipt of the appropriate regulatory consents and confirmatory due diligence.
A further announcement will be made in due course.
Ends
For further information please contact:
London Capital Group
Kevin Ashby, Chief Executive Officer David Sparks, Chief Financial Officer
| 020 7456 7000 |
Smithfield Consultants John Kiely
| 020 7360 4900 |
Cenkos Securities plc Nick Wells | 020 7397 8900
|
GLIO Holdings Limited
Bell Pottinger Gavin Davis
| 020 7861 3159 |
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 divisions provide online foreign exchange trading services to institutional and professional clients and also institutional derivatives broking. 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