London Capital Group Holdings PLC Conversion of Loan Notes and Issue of Equity (4240D)
January 28 2015 - 11:44AM
UK Regulatory
TIDMLCG
RNS Number : 4240D
London Capital Group Holdings PLC
28 January 2015
28 January 2015
London Capital Group Holdings plc
("LCG" or the "Company")
Conversion of Loan Notes and Issue of Equity
The Company announces that JIM Nominees Limited have served
notice to convert 750,000 loan notes of GBP1.00 each in LCG at a
price of 25.02p in accordance with the terms of the Institutional
Investors Convertible Loan Note Instrument dated 1 October 2014.
Interest of GBP262,500 is payable in LCG ordinary shares at a
conversion price of 25.02p.
Accordingly, an application will be made for 4,046,763 ordinary
shares of 10p each to be admitted to trading on AIM ("Admission").
It is expected that Admission will occur at 8.00 am on 10 February
2015. Following Admission, and subject to admission of the
aggregate 14,395,684 ordinary shares issued in connection with
recent conversions of loan notes as announced by the Company on 21
January 2015, LCG will have 75,592,276 ordinary shares in issue, of
which 1,000,000 are held in Treasury. The total number of voting
rights in the Company will therefore be 74,592,276. Following
Admission, this figure (74,592,276) may be used by shareholders as
the denominator for the calculations by which they can determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Rules and
Transparency Rules.
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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