Director/PDMR Shareholding (4271D)

TIDMLCG

RNS Number : 4271D

London Capital Group Holdings PLC

22 March 2011

London Capital Group Holdings plc

("London Capital" or the "Company")

Directors' Share Dealings

Further to the announcement of the Placing made earlier today (RNS no: 3559D), the Company confirms that as indicated in that announcement and in the Circular sent to shareholders earlier today (the "Circular"), the following directors have conditionally subscribed for new ordinary shares in the Placing ("Placing Shares") at the Placing Price of 60p per share as follows:

 
 Director           No. of Shares 
 Simon Denham       1,333,333 
 Rachel Woodford    1,000,000 
 Frank Chapman      500,000

The Placing is conditional upon:

-- the passing of the Resolutions as set out in the Circular;

-- the Placing Agreement having become unconditional in all respects and not having been terminated; and

-- Admission

Related Party Transaction

Under the AIM Rules, as Directors of the Company, Simon Denham, Rachel Woodford and Frank Chapman are each a related party of the Company and the subscription by them for Placing Shares constitutes a related party transaction if the numbers of Placing Shares subscribed by all of them is aggregated. Where a Company enters into a related party transaction, under the AIM Rules, the independent directors of the company are required, after consulting with the company's nominated adviser, to state whether, in their opinion, the transaction is fair and reasonable in so far as its shareholders are concerned. Having consulted with Cenkos Securities, the Company's nominated adviser, the Independent Directors believe the participation by Simon Denham, Rachel Woodford and Frank Chapman in the Placing is fair and reasonable in so far as Shareholders are concerned.

Lock-In Deed

In connection with their subscription for Placing Shares, Simon Denham, Rachel Woodford and Frank Chapman have entered into a Lock-In Deed with the Company and Cenkos Securities. Pursuant to the Lock-In Deed, each of those Directors has given undertakings not to dispose of or transfer any Ordinary Shares (including the Placing Shares allotted to them) in which they are interested, or any rights over or to acquire the same, in each case for a period of 12 months from Admission and subject to certain exceptions (including where any such disposal or transfer is made with the prior written consent of Cenkos Securities).

The same definitions apply throughout this announcement as are applied in the Circular.

A copy of the circular can be found on the Company's website: www.londoncapitalgroup.com/circulars.html

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

Neither the content of the Company's website nor the content of any other website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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