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Statement re WorldSpreads Limited

19th Mar 2012 15:15

RNS Number : 6323Z
London Capital Group Holdings PLC
19 March 2012
 



London Capital Group Holdings plc

("LCG" or the "Company")

Statement re Worldspreads Limited

 

London Capital Group Holdings plc notes that Worldspreads Limited ("Worldspreads") has appointed Joint Special Administrators following the identification of a material shortfall in client money.

 

The Company has no financial exposure to Worldspreads and no commercial contracts of any nature with Worldspreads.

 

LCG does not utilise retail client funds for its own or any other purpose. Retail client funds are fully segregated at all times whether required by regulation or not.

 

 

For further information, please contact: www.londoncapitalgroup.com

 

London Capital Group Holdings plc

Simon Denham, Chief Executive Officer

020 7456 7000

 

Cenkos Securities plc

Nicholas Wells/Camilla Hume

020 7397 8900

 

Smithfield Consultants

John Kiely

020 7360 4900

 

Notes to Editors:

 

London Capital Group Holdings plc (hereafter "LCGH plc" or "LCG" or "London Capital Group" or "the Group") is a rapidly growing 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 Services Authority. Its core activity is the provision of spread betting products on the financial markets to retail clients under the trading name Capital Spreads. 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 platforms and its white label partners include TD Waterhouse, TradeFair, PartyGaming Plc, and Saxo Bank.

 

Prospreads Limited, a wholly owned trading subsidiary of LCGH plc, is authorised and regulated by the Financial Services Commission in Gibraltar and provides spread betting products on financial markets to professional clients.

 

Capital CFDs (Australia) is a trading name of London Capital Group Pty Limited, a wholly owned trading subsidiary of LCGH plc, and is regulated by the Australian Securities and Investments Commission.

 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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