CMC Markets Plc Evaluation of Managed Separation (3081S)
November 15 2021 - 2:00AM
UK Regulatory
TIDMCMCX
RNS Number : 3081S
CMC Markets Plc
15 November 2021
15 November 2021
CMC Markets Plc
Evaluation of Managed Separation of Leveraged and Non-leveraged
Divisions
Following recent media speculation, the Board of CMC Markets Plc
("CMC" or the "Group"), a leading global provider of online trading
and institutional ("B2B") platform technology solutions, confirms
that it is in the very early stages of evaluating the merits of a
managed separation of the leveraged and non-leveraged divisions of
the Group ("the Review") in order to unlock shareholder value. The
Review is consistent with the Board's continuous evaluation of
strategic opportunities to maximise shareholder value.
On 10(th) June 2021 the Group announced with its full year 2021
results that as part of its strategy beyond leveraged trading
(CFDs), it will be launching its new UK investment D2C and B2B
platforms next year, offering investment products, physical shares,
tax wrappers and third party funds.
Further to this, on 16(th) September 2021, the Group announced
that the B2B white label deal with ANZ was ending and will be
replaced by the acquisition of over 500,000 of ANZ's share
investing clients with total assets in excess of GBP25 billion
(AUD$ 45 billion), increasing combined Group client assets to
approximately GBP40 billion, with approximately 1 million investing
clients.
As a consequence of this acquisition, the growing size of
investing clients and their assets, the launch of the new UK
investment platform, and its growing B2B platform business, the
Group boasts two strong underlying businesses, leveraged and
non-leveraged. Both businesses have benefited from significant
investment and each have strong growth prospects in sizeable
markets with excellent competitive positions.
In this context, and in discussion with its advisers, the Board
intends to undertake an exploratory review to consider the
viability of a managed separation of the Group's non-leveraged and
leveraged businesses in the interests of maximising shareholder
value. As these discussions are exploratory at this stage, they may
or may not lead to a managed separation of these businesses in due
course.
The Board is expected to start its review before year end and
complete it by June 2022 and will update the market in due
course.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service ("RIS"), this
inside information is considered to be in the public domain.
Enquiries
CMC Markets Plc
James Cartwright, Investor Relations
investor.relations@cmcmarkets.com
Euan Marshall, Chief Financial Officer
Camarco +44 (0) 20 3757 4994
Geoffrey Pelham-Lane
Jennifer Renwick
Notes to Editors
CMC Markets Plc ("CMC"), whose shares are listed on the London
Stock Exchange under the ticker CMCX (LEI: 213800VB75KAZBFH5U07),
was established in 1989 and is now one of the world's leading
online financial trading businesses. The Group serves retail and
institutional clients through regulated offices and branches in 12
countries, with a significant presence in the UK, Australia,
Germany and Singapore. CMC offers an award-winning, online and
mobile trading platform, enabling clients to trade over 10,000
financial instruments across shares, indices, foreign currencies,
commodities and treasuries through contracts for difference
("CFDs"), financial spread bets (in the UK and Ireland only) and,
in Australia, access stockbroking services. More information is
available at http://www.cmcmarkets.com/group/
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END
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