London Capital Group Holdings PLC White Label Agreement (6134N)
September 10 2013 - 5:08AM
UK Regulatory
TIDMLCG
RNS Number : 6134N
London Capital Group Holdings PLC
10 September 2013
London Capital Group Holdings plc
("LCG" or the "Company")
White Label Agreement
London Capital Group has been notified by Tradefair Spreads
Limited, a wholly owned subsidiary of Betfair Group plc, that they
intend to terminate their LCG operated White Label contract with
effect from the end of 12 December 2013.
LCG's white label model allows organisations to market and
profit from financial spread betting services with LCG providing
the trading platform and support services. As with all white label
partners the underlying client is a client of LCG and LCG pays the
white label partner for its client acquisition activities. In the 6
months to 30 June 2013, clients introduced by Tradefair contributed
GBP0.6m to the total gross profit of the Company of GBP11.7m.
For further information, please contact:
www.londoncapitalgroup.com
London Capital Group Holdings plc
Kevin Ashby, 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 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 Conduct Authority. Its core activity is the provision of
spread betting and CFD products on the financial markets to retail
clients under the trading names Capital Spreads, Capital CFDs and
LCG MT. 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 and CFD platforms
and its white label partners include TD Direct Investing,
Bwin.party, 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 Direct Market Access ("DMA")
spread betting products on financial markets that are aimed at
professional clients.
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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