SpreadEx Limited Rule 2.8 announcement (3704L)
July 03 2014 - 6:35AM
UK Regulatory
TIDMLCG
RNS Number : 3704L
SpreadEx Limited
03 July 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE").
3 July 2014
Statement regarding London Capital Group Holdings plc
On 2 July 2014, Spreadex.com Limited ("Spreadex") announced that
it had submitted a preliminary, non-binding indication of interest
to the board of directors of London Capital Group Holdings plc
("LCG") regarding a possible cash offer for the entire issued and
to be issued share capital of LCG. As noted in that announcement,
the making of any firm offer by Spreadex was subject to certain
pre-conditions, including that the proposed financing announced by
LCG on 17 June 2014 (the "Proposed Financing") did not proceed.
Spreadex notes the recent announcement by LCG confirming that the
Proposed Financing was approved by LCG's shareholders at a general
meeting of LCG held this morning and that the Proposed Financing
will therefore proceed, subject to the appropriate regulatory
approvals being received. Accordingly, Spreadex announces that it
does not intend to make an offer for LCG.
For the purposes of Rule 2.8 of the Code, Spreadex reserves the
right to announce an offer or possible offer or make or participate
in an offer or possible offer for LCG (and/or take any other action
which would otherwise be restricted under Rule 2.8 of the Code)
within the next six months following the date of this announcement
in the circumstances set out in Note 2 to Rule 2.8 or otherwise
with the consent of the Panel on Takeover and Mergers.
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be available on Spreadex's website at
www.spreadex.com.
Enquiries:
Spreadex
Jonathan Hufford (Managing Director) +44 (0)1727 895000
Ernst & Young (Financial Adviser)
Julie Green +44 (0)207 9512000
Additional Information
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise.
The release, distribution or publication of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom or shareholders of LCG
who are not resident in the United Kingdom will need to inform
themselves about, and observe, any applicable requirements.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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