London Capital Group Holdings PLC Directorate Change (7795Q)
September 03 2014 - 11:17AM
UK Regulatory
TIDMLCG
RNS Number : 7795Q
London Capital Group Holdings PLC
03 September 2014
London Capital Group Holdings plc
("LCG" or the "Company")
Board Changes
Following the recent relevant regulatory approvals of Mr
Charles-Henri Sabet and GLIO, as announced by the Company on 14
August 2014, LCG is pleased to announce that Mr Charles-Henri Sabet
has been appointed as Executive Chairman of the Company with
immediate effect. LCG also announces that Giles Vardey is stepping
down as Chairman. He will remain on the Board in the role of
non-executive senior independent director.
Mr Charles-Henri Sabet, 52, has a great deal of experience in
financial and Foreign Exchange markets. He set up Trading and
Commercial Consulting, a financial organisation specialising in
foreign exchange. He was also founder and Chairman of Synthesis
Bank Geneva, which was sold to Saxo Bank (Switzerland) SA in 2007.
He was appointed as Chairman and Head of Global Trading of the Saxo
Group. Mr Sabet is currently a director of GIO Global Investments
Opportunities Management Ltd which offers proprietary trading and
investment services. Until its sale in April 2014, Mr Sabet was
also a Non-Executive director of JIFFIX Markets Ltd, a Cyprus based
investment firm specialising in foreign exchange brokerage.
Mr Sabet has spent a considerable amount of time getting to know
the Company's business, understanding the Group and the Board's
longer-term growth strategy. The Board looks forward to his active
involvement in the day-to-day running of the Company.
Mr Sabet is currently or has been a director of the following
companies or partnerships within the last 5 years:
GIO Global Investments Opportunities Management Ltd
ALGOWEB S.A.R.L
JIFFIX Markets Ltd (past directorship)
Save as disclosed above, there is no further information
required to be disclosed in accordance with Schedule 2 (g) of the
AIM Rules:
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
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 division provides online foreign exchange trading
services to institutional and professional clients. 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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