FXCM Inc. Announces $15 Million At-the-Market Offering
October 03 2016 - 9:00AM
FXCM Inc. (NASDAQ:FXCM) (the “Company”) today announced that it has
commenced a $15 million “at-the-market” offering program.
Under the program, the Company may, from time to time and at its
discretion, offer and sell shares of its Class A common stock
(“Common Stock”) having an aggregate gross sales price of up to $15
million through Jefferies LLC, which will serve as sales
agent. The Company intends to use the net proceeds generated
through the program to reduce its outstanding indebtedness and for
other general corporate purposes.
Sales of Common Stock under the program may be made in
negotiated transactions or transactions that are deemed to be
“at-the-market offerings” as defined in Rule 415 under the
Securities Act of 1933, as amended (the “Securities Act”),
including sales made directly on the NASDAQ Global Market or sales
made to or through a market maker other than on an exchange.
The Common Stock will be offered under the Company’s effective
shelf registration statement (including a prospectus) filed with
the Securities and Exchange Commission (“SEC”). A prospectus
supplement related to the offering has been filed with the SEC. Any
offer, solicitation or sale will be made only by means of the
prospectus supplement and the accompanying prospectus. Current and
potential investors should read the prospectus forming part of the
registration statement, and the prospectus supplement relating to
the program and other documents the Company has filed with the SEC
for more complete information about the Company and the
program.
A copy of the prospectus supplement and accompanying prospectus
relating to these securities may be obtained by contacting
Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, NY 10022,
Attention: Equity Syndicate Prospectus Department, or via telephone
at 877-547-6340.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor may there be any sale of the
Common Stock in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any state or
jurisdiction.
About Us: FXCM
Inc. (NASDAQ:FXCM) is a publicly traded company which
owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM Group is a holding company of Forex
Capital Markets LLC, (FXCM US), Forex Capital
Markets Limited, inclusive of all EU branches (FXCM
UK), FXCM Australia Pty. Limited, (FXCM
AU), and all affiliates of aforementioned firms, or other
firms under the FXCM group of companies (collectively “FXCM”). FXCM
Group is owned and operated by FXCM
Inc. (NASDAQ:FXCM) and Leucadia National Corporation
(NYSE:LUK). Leucadia National Corporation is a multi-billion dollar
diversified holding company engaged through its consolidated
subsidiaries in a variety of businesses.
FXCM is a leading provider of online
foreign exchange (FX) trading, CFD trading, spread betting and
related services. The company's mission is to provide global
traders with access to the world's largest and most liquid market
by offering innovative trading tools, hiring excellent trading
educators, meeting strict financial standards and striving for the
best online trading experience in the market. Clients have the
advantage of mobile trading, one-click order execution and trading
from real-time charts. In addition, FXCM offers educational courses
on FX trading and provides trading tools proprietary data and
premium resources. FXCM Pro Provides
retail brokers, small hedge funds and emerging market banks access
to wholesale execution and liquidity, while providing high and
medium frequency funds access to prime brokerage services via FXCM
Prime. Trading foreign exchange and CFDs on margin carries a high
level of risk, which may result in losses that could exceed your
deposits, therefore may not be suitable for all
investors. Read full disclaimer.
This release may contain “forward-looking statements” within the
meaning of the safe harbor provisions of Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements include statements about future
results and performance, including future market share and expected
financial results. It is possible that actual results may differ
materially from the anticipated results indicated in these
forward-looking statements. Please refer to FXCM Inc.’s most recent
Annual Report on Form 10-K for a discussion of important factors
that could cause actual results to differ materially from those
projected in these forward-looking statements.
Contacts
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications and Investor Relations
jsales@fxcm.com
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