London Capital Group Holdings PLC Directorate Change (3720I)
March 25 2015 - 3:15AM
UK Regulatory
TIDMLCG
RNS Number : 3720I
London Capital Group Holdings PLC
25 March 2015
25 March 2015
London Capital Group Holdings plc
("LCG" or the "Company" or "Group")
Board update
Alongside its final results statement released this morning,
London Capital Group announces a change to the board of directors
("the Board").
The transformation of the Company, which started following the
arrival of new senior management in the second half of 2014, is now
at an advanced stage and a clear strategy for achieving sustainable
growth is in place. Having reached this stage of its development
the Company has decided it is appropriate to now have 2 individuals
in the key roles of chairman and chief executive.
LCG today announces that Dr. Charles Poncet, non-executive
director, has been appointed as non-executive chairman of the
Company and that Mr. Charles-Henri Sabet, currently executive
chairman, will assume the role of Group chief executive
officer.
The Company also announces that Nicholas Lee, non-executive
director, has been appointed as senior independent non-executive
director.
The changes take place with immediate effect.
Dr. Poncet joined the Board as a non-executive director on 7
November 2014. Mr. Sabet has been executive chairman of the Company
since he joined the Board on 3 September 2014 and since that time
has been driving forward a strategy to transform the business.
The Board's priority remains to continue to push ahead with the
execution of its strategy for sustainable growth as the Company
moves to the next stage of its development, focusing on the
delivery of its new products and offerings across its chosen
markets together with an expansion into overseas territories.
ENDS
For further information, please contact:
Cenkos Securities plc
Nicholas Wells
Callum Davidson
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. 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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