London Capital Group Holdings PLC Issue of Equity (6257A)
September 30 2015 - 2:01AM
UK Regulatory
TIDMLCG
RNS Number : 6257A
London Capital Group Holdings PLC
30 September 2015
LONDON CAPITAL GROUP HOLDINGS PLC
("London Capital Group", "LCG", the "Company" or the
"Group")
Issue of Equity
In line with its short-term strategy of developing new
technology, the Company is pleased to announce that it has
finalised the acquisition of Surecom Limited ("Surecom"), a Cypriot
based software development company from Spotware Systems Limited.
The acquisition of Surecom will facilitate the further development
and enhancement of the Company's dealing platforms and new advanced
technologies which, the Directors believe, will help position the
Company as a leading provider of online trading services. The
Company will issue 3,754,614 new ordinary shares ("New Ordinary
Shares") in the Company in consideration for the acquisition of
Surecom.
Application has been made for the 3,754,614 New Ordinary Shares
to be admitted to trading on AIM ("Admission"). It is expected that
the Admission will occur on 9 October 2015. Following Admission,
the Company will have 79,846,890 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 78,846,890. Following Admission,
this figure (78,846,890) 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
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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