London Capital Group Holdings PLC Comment re press speculation (2098L)
July 02 2014 - 5:29AM
UK Regulatory
TIDMLCG
RNS Number : 2098L
London Capital Group Holdings PLC
02 July 2014
London Capital Group Holdings PLC ("LCG" or the "Company")
Comment re press speculation
The board of LCG has noted comments in the press relating to
approaches the Company may have received from third parties. In its
circular to shareholders dated 17 June, 2014 (the "Circular")
outlining a proposed financing of up to GBP17.5 million and
requisitioning a general meeting for 3 July, 2014 the Company
stated "From time to time the Company is in discussions with third
parties (including competitors) with regard to possible mergers and
acquisitions transactions. The Company, as at the date of this
document, has no current intention to pursue any such mergers or
acquisitions or similar transactions (other than as disclosed in
this document). Should the position change, an appropriate
announcement will be made." The board of LCG confirms that this
remains the position. It continues to recommend the financing as
described in the Circular.
Ends
For further information please contact:
London Capital Group
Kevin Ashby, Chief Executive
Officer 020 7456 7000
Smithfield Consultants
John Kiely 020 7360 4900
Cenkos Securities plc
Nick Wells 020 7397 8900
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.
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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