Appointment to London Capital Group Plc Board (2736E)

TIDMLCG

RNS Number : 2736E

London Capital Group Holdings PLC

05 April 2011

5(th) April 2011

London Capital Group Holdings plc

("London Capital","LCG" or the "Company")

Appointment to London Capital Group Plc Board

London Capital Group is pleased to announce the appointment of William (Bill) Newton to the Board of London Capital Group Holdings Plc and LCG Ltd as Chief Information Officer with effect from 18th April.

Bill will be responsible for LCG's IT strategy and he will manage and develop IT and trading technology services and product delivery for the entire Group.

Bill has extensive operational experience within financial trading companies having worked in the industry for over 17 years. Most recently he was Director at TraderTeam Systems where he was responsible for providing consultancy services to spread betting and FX businesses. Prior to this, Bill co-founded ODL securities, a derivatives and equities brokerage. He held a number of senior management roles at the company Including IT Director. He has also designed a number of realtime risk and regulatory reporting systems.

This appointment is subject to approval by the FSA.

Simon Denham, CEO, commented:

"We are delighted to announce the appointment of Bill as our new CIO. He will be a very strong addition to the team and his technology expertise and industry experience will bring a valuable dimension to the Board."

There is no other information that is required to be disclosed with regards to the appointment of Bill Newton, aged 48, pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:

Current directorships

Plutus FX

Previous directorships within the past five years

ODL Securities

TraderTeam Systems Ltd

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

London Capital Group Holdings plc

Simon Denham, Chief Executive Officer

+44 (0)20 7456 7000

Cenkos Securities plc

Nicholas Wells/Camilla Hume

+ 44 (0)20 7397 8900

Smithfield Consultants

John Kiely

+ 44 (0)20 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.

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 TradeFair, Paddy Power, PartyGaming Plc, Saxo Bank, and TD Waterhouse. Prospreads.com 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 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. London Capital Group Limited 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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