London Capital Group Holdings PLC Comment re press speculation (2098L)

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

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