Statement re WorldSpreads Limited (6323Z)
March 19 2012 - 11:15AM
UK Regulatory
TIDMLCG
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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