Subscription and Issue of Equity

RNS Number : 4998P
London Capital Group Holdings PLC
17 November 2016
 

17 November 2016

 

 

LONDON CAPITAL GROUP HOLDINGS PLC

 

("London Capital Group", "LCG", the "Company" or the "Group")

Subscription and issue of equity

London Capital Group is pleased to announce a subscription (the "Subscription") for 5,000,000 new ordinary shares ("Ordinary Shares") in LCG (the "First New Shares") by Stanislas Wawrinka at a subscription price of 5p per First New Share, amounting in aggregate to £250,000. This Subscription is part of an overall sponsorship arrangement under which Mr Wawrinka is investing in London Capital Group and endorsing its services.  The consideration for the First New Shares has been provided by the Company as part of LCG's sponsorship arrangement with Mr Wawrinka.

Mr Wawrinka is the world No.3 ranked tennis player and a three-time Grand Slam tournament winner.  Mr Wawrinka said: "I am overjoyed to have partnered with a globally recognised name like LCG. They have put their full confidence behind me and I'm very excited to work with them as I start this new phase of my career".

The Company also announces the issue of 2,903,120 new Ordinary Shares (the "Second New Shares", and together with the First New Shares, the "New Shares") to Peterhouse Corporate Finance Limited to settle outstanding fees due from the Company to Peterhouse Corporate Finance Limited.

The New Shares will rank pari passu with the existing Ordinary Shares.

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. Admission of the New Shares is expected to become effective on 18 November 2016.

At Admission, the issued share capital of the Company will comprise 380,531,519 Ordinary Shares, of which 1,000,000 Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 379,531,519. This figure may be used by shareholders as the denominator to determine if they are required to notify their interests in, or a change to their interest in, the Group under the Disclosure and Transparency Rules.

 

For further information, please contact:

 

London Capital Group Holdings plc

Simon Hooks, General Counsel and Company Secretary

+44 (0)20 7456 7008

 

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Nick Naylor

+44 (0)20 3328 5656

 

 

Notes for Editors

 

About London Capital Group (http://ir.lcg.com)

 

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 quoted 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
 
 
IOEAKODBPBDDKDD
RNS Body: 
RNS Number : 4998P
London Capital Group Holdings PLC
17 November 2016
 

17 November 2016

 

 

LONDON CAPITAL GROUP HOLDINGS PLC

 

("London Capital Group", "LCG", the "Company" or the "Group")

Subscription and issue of equity

London Capital Group is pleased to announce a subscription (the "Subscription") for 5,000,000 new ordinary shares ("Ordinary Shares") in LCG (the "First New Shares") by Stanislas Wawrinka at a subscription price of 5p per First New Share, amounting in aggregate to £250,000. This Subscription is part of an overall sponsorship arrangement under which Mr Wawrinka is investing in London Capital Group and endorsing its services.  The consideration for the First New Shares has been provided by the Company as part of LCG's sponsorship arrangement with Mr Wawrinka.

Mr Wawrinka is the world No.3 ranked tennis player and a three-time Grand Slam tournament winner.  Mr Wawrinka said: "I am overjoyed to have partnered with a globally recognised name like LCG. They have put their full confidence behind me and I'm very excited to work with them as I start this new phase of my career".

The Company also announces the issue of 2,903,120 new Ordinary Shares (the "Second New Shares", and together with the First New Shares, the "New Shares") to Peterhouse Corporate Finance Limited to settle outstanding fees due from the Company to Peterhouse Corporate Finance Limited.

The New Shares will rank pari passu with the existing Ordinary Shares.

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. Admission of the New Shares is expected to become effective on 18 November 2016.

At Admission, the issued share capital of the Company will comprise 380,531,519 Ordinary Shares, of which 1,000,000 Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 379,531,519. This figure may be used by shareholders as the denominator to determine if they are required to notify their interests in, or a change to their interest in, the Group under the Disclosure and Transparency Rules.

 

For further information, please contact:

 

London Capital Group Holdings plc

Simon Hooks, General Counsel and Company Secretary

+44 (0)20 7456 7008

 

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Nick Naylor

+44 (0)20 3328 5656

 

 

Notes for Editors

 

About London Capital Group (http://ir.lcg.com)

 

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 quoted 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
 
 
IOEAKODBPBDDKDD
Datetime: 
Thu, 17/11/2016 - 15:22