London Capital Group Holdings PLC Amend. re. Directorate Change (8301Q)

TIDMLCG

RNS Number : 8301Q

London Capital Group Holdings PLC

04 September 2014

London Capital Group Holdings plc

("LCG" or the "Company")

Amendment Re. Board Changes

The following amendment has been made to the 'Directorate Change' announcement released on 3.09.14 at 4.17pm under RNS No 7795Q.

Mr Sabet is no longer a director of GIO Global Investments Opportunities Management Ltd or ALGOWEB S.A.R.L, as was originally disclosed.

All other details remain unchanged.

The full amended text is shown below.

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 was recently 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 has previously been a director of the following companies within the last 5 years:

GIO Global Investments Opportunities Management Ltd

ALGOWEB S.A.R.L

JIFFIX Markets Ltd

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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