TIDMLCG
RNS Number : 4115W
London Capital Group Holdings PLC
07 November 2014
7 November 2014
LONDON CAPITAL GROUP HOLDINGS PLC
("London Capital Group", "LCG", the "Company" or the
"Group")
BOARD CHANGES
London Capital Group today announces that Dr. Charles Poncet,
Dimitri Goulandris and Julien Cohen have been appointed as
non-executive directors of the Company with immediate effect.
Dr. Charles Poncet is one of the leading international
arbitration specialists in Geneva and has been a practicing lawyer
for over 25 years. Charles has appeared in several leading cases
concerning large scale investments, joint ventures and other
disputes, often involving amounts in dispute in excess of one
billion USD. He is a partner in CMS von Erlach Poncet, one of
Switzerland's leading law firms and a member of the CMS network. He
is also currently chairman of SOGEMCO SA and a director of Société
des Hôtels Président. Charles was a member of the Swiss Parliament
from 1989 to 1995 and is fluent in French, Italian, English and
German. Charles will bring valuable international experience to the
board.
Dimitri Goulandris has 20 years' of experience in financial
services, with a focus on private equity. He spent eight years at
Morgan Stanley in its private equity group, structuring derivative
products and executing mergers and acquisitions from New York and
London. From 1999 to 2001 Dimitri set up and ran the European
operations of Whitney & Company, the private equity firm.
Dimitri founded The Cycladic Group in 2002, which specialises in
investing and creating businesses. The group has invested in over
40 businesses and founded five in the U.S, Europe, India, Africa
and Latin America. Dimitri holds an MBA from the Harvard Business
School and a master's degree in electrical and information sciences
from the University of Cambridge.
Dimitri will bring valuable high-level financial services and
transactional experience to the board.
Julien Cohen has worked for 15 years in general corporate
management and financial investment and brings a breadth of
experience as a non-executive director and investor across industry
sectors including mining, defence, commodities and information
technology services.
Julien is currently a non-executive director and major
shareholder at Ressources Robex, the Toronto and Frankfurt listed
mining explorer and developer. He has worked for the Georges Cohen
family investment firm since 2001.
From 2001 to 2012 Julien was a non-executive director and major
shareholder at Panhard General Defense, the combat vehicle maker.
From 2003 to 2011 Julien was a non-executive director and major
shareholder at Altergaz, the French natural gas producer. Julien is
a graduate of the Institute Supérieur de Gestion in Paris.
Julien will bring to the board valuable technology investment
and cross-sector experience in business growth and development.
Charles-Henri Sabet, executive chairman of LCG, said:
"I am delighted to welcome Charles, Dimitri and Julien to the
board and know that their broad skills and experience will be a
real asset to the Company as we prepare for our move into overseas
markets.
A combination of their collective experience across a broad
spectrum of financial and professional services, coupled with their
extensive knowledge of transacting across borders, provides the
Group's executive leadership team with the support needed as we
progress with the next stage of development across our chosen
business lines and selected product offerings."
Further information in accordance with Schedule 2, paragraph (g)
of the AIM Rules:
Dr. Charles Poncet, 67, was a partner of Geneva based law firm,
Ziegler Poncet Grumbach Carra (ZPG) from 1986 until 2014, when ZPG
entered into a merger.
Dr. Poncet is currently interested in 72 shares (0.72%) of GLIO
Holdings Limited ("GLIO"), which holds 59,952,038 convertible loan
notes in the Company with a conversion price of 25.02p.
Dimitri John Goulandris, 48, is currently, or has been
previously, a director or partner of the following directorships or
partnerships within the last 5 years:
Cycladic Capital Management Limited
Cycladic Cayman Limited
Cycladic Capital LLP
Knightsbridge Schools International LLP
Knightsbridge Schools International (Malta) Limited
Gemini Equipment and Rentals (Private)
MonuRent (Holdings) Limited
Cycladic India Distributions Ltd
Nigrex Resources Limited (Nigeria)
Nigrex Investments Limited (Mauritius)
MonuRent (UK) Limited
Cycladic India Transportations Ltd
Journey Group plc
Cocomat Holdings Limited
Premier People Logistics Solutions Pvt Ltd
Whiteground Limited*
the Institute of Contemporary Arts Limited*
Bar at 5 Hertford Street plc*
Late Night Dining at 5 Hertford Street plc*
Private Dining at 5 Hertford Street plc*
Retail at 5 Hertford Street plc*
*Indicates no longer a director
Dimitri was a director of both Shipdesk Limited and Rainbow Ltd
at the time they were placed into receivership in 2001 and 2011
respectively. Dimitri is interested in 193 shares (1.93%) of
GLIO.
Julien Cohen, 41, is currently, or has been previously, a
director or partner of the following directorships or partnerships
within the last 5 years:
Ressources Robex Inc.
Societe nouvelle des Automobiles Auverland*
Pannard General Defense*
Altergaz*
EAS Developpement*
*Indicates no longer a director
Save as disclosed above, there is no further information
required to be disclosed in accordance with Schedule 2, paragraph
(g) of the AIM Rules.
ENDS
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
Morgan Rossiter
James Rossiter/ Richard Morgan Evans
0203 195 3240
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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