London Capital Group Holdings PLC Completion of Licencing Agreement (8135U)
October 20 2014 - 12:50PM
UK Regulatory
TIDMLCG
RNS Number : 8135U
London Capital Group Holdings PLC
20 October 2014
London Capital Group Holdings plc
(the "Company")
Completion of Licencing Agreement
Further to the issue of the GLIO Convertible Loan Notes, as
announced by the Company on 17 October 2014, and the recent
approval by shareholders at the Company's general meeting held on
30 September 2014, the Company is pleased to announce that the
Software as a Service licencing agreement (the "Licencing
Agreement") between the Company's indirect subsidiary London
Capital Group Limited ("LCG") and Algoweb S.A.R.L. ("Algoweb") has
now been executed and is unconditional in all respects. The
Licencing Agreement will allow LCG to access Algoweb's retail
distribution platforms and software, as well as connectivity to
post-trade services.
Further information on the Licencing Agreement and Algoweb may
be found in the circular posted to shareholders on 13 September
2014, which is also available to view on the Company's website at
www.londoncapitalgroup.com.
For further information, please contact:
London Capital Group Holdings plc
Charles-Henri Sabet, Executive Chairman
020 7456 7000
Cenkos Securities plc
Nicholas 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 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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