TIDMLCG

RNS Number : 1752W

London Capital Group Holdings PLC

23 December 2013

London Capital Group Holdings plc

("London Capital" or the "Company")

Director Shareholding and Issue of Equity

The Company announces that on 12 December 2013, pursuant to a Joint Share Ownership Plan ("JSOP"), Kevin Ashby, CEO, acquired a total of 2,615,000 new ordinary shares in London Capital ("JSOP Shares") which he holds jointly with the Company's employee benefit trust. Under these arrangements, Mr Ashby will benefit from growth in value of an Ordinary Share above 49 pence per share:

 
 Director       Jointly held   No. of jointly   No. of shares in 
                 shares         held shares      Company in which 
                                subsequent to    Director has a beneficial 
                                award            interest 
 
 Kevin Ashby    2,615,000      2,615,000        2,749,352 (4.93%)

The JSOP Shares are subject to performance conditions and Mr Ashby can only realise value from his JSOP Shares to the extent that the performance conditions have been met. The JSOP Shares will only vest in full after 17 July 2017.

Pursuant to this award the Company has applied for 2,615,000 new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence on 30 December 2013. Following the admission of the 2,615,000 new ordinary shares the Company's total issued share capital will be 55,800,908 ordinary shares of 10p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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

Cenkos Securities plc

Nicholas Wells

Camilla Hume

020 7397 8900

Smithfield Consultants

John Kiely

020 7360 4900

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEURUWRONAUUAA

London Capital Hldgs (LSE:LCG)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more London Capital Hldgs Charts.
London Capital Hldgs (LSE:LCG)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more London Capital Hldgs Charts.