London Capital Group Holdings PLC Director's Shareholding and JSOP Allocations (1502D)
January 26 2015 - 9:21AM
UK Regulatory
TIDMLCG
RNS Number : 1502D
London Capital Group Holdings PLC
26 January 2015
26 January 2015
LONDON CAPITAL GROUP HOLDINGS PLC
("London Capital Group", "LCG", the "Company" or the
"Group")
Director Shareholding and Joint Share Ownership Plan
("JSOP")
The Company announces that on 23 January 2015, 10,435,000
ordinary shares in London Capital Group ("JSOP Shares") were issued
to senior employees as JSOP awards and are held jointly between the
Company's employee benefit trust ("EBT") and each employee. The EBT
was set up to provide long-term performance-related incentives to
employees to assist with the retention of key employees. The JSOP
Shares were issued from the pool of 12,480,000 unallocated ordinary
shares held by the EBT. The issue of JSOP Shares to employees from
shares held in the existing EBT does not alter the total number of
ordinary shares of the Company in issue. Those persons awarded JSOP
Shares will benefit from growth in value of an ordinary share above
46 pence per share. The JSOP Shares will only vest in full after 23
January 2018.
As part of this award Charles-Henri Sabet, executive chairman,
was issued a total of 5,000,000 JSOP Shares.
Director Existing shares JSOP Shares Total JSOP Shares Total shares in
held awarded subsequent to Company in which
award Director has a
beneficial interest*
Charles
Henri-Sabet 1,700,000 5,000,000 5,000,000 6,700,000 (9.50%)
*Mr Sabet will also hold an indirect interest in the 9,000,000
LCG ordinary shares, which will be held by GLIO Holdings Limited
("GLIO"), following the recently announced conversion of GLIO
Convertible Loan Notes, conditional upon Admission on 30 January
2015. Mr Sabet holds a 21.79 per cent. interest in GLIO through his
100 per cent. interest in ILOG Investments Limited, GLIO's largest
shareholder.
The percentage is calculated based on the enlarged total voting
rights (70,545,513) following the recent conversion of Convertible
Loan Notes and issue of equity, conditional on Admission, as
announced by the Company on 23 January 2015.
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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