TIDMLCG
RNS Number : 1462Z
London Capital Group Holdings PLC
13 December 2017
13 December 2017
LONDON CAPITAL GROUP HOLDINGS PLC
("LCG" or the "Company")
Admission to the NEX Exchange Growth Market
The Board of the Company is pleased to announce that, trading of
its entire issued share capital consisting of 380,531,519 fully
paid ordinary shares of 5p each ("Ordinary Shares"), on the NEX
Exchange Growth Market ("NEX") will commence today at 8.00am
("Admission"). The Company's Ordinary Shares will remain admitted
to trading on AIM following Admission.
Company Information
London Capital Group Limited ("LCG Ltd"), a wholly-owned trading
subsidiary of LCG, is authorised and regulated by the Financial
Conduct Authority. Its core activity is the provision of spread
betting and Contract For Difference 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.
LCG Ltd is a provider of online trading services. The Company
has been driven by its dynamic approach to the industry and by
building a business model that operationally has no restrictions on
scalability. This model has allowed the business to grow rapidly
since the launch of the Company's first online business, the
financial spread betting service Capital Spreads, in 2003. Today
the Company offers a wide variety of financial trading products and
platforms for retail, professional and institutional investors.
For further information, please visit, https://www.lcg.com/uk/
and https://ir.lcg.com/
Unaudited financial highlights for the 6 months to 30 June
2017:
GBP'000
Revenue 12,023
Gross Profit 10,899
Adjusted EBITDA(1) (961)
Adjusted (loss)/profit before tax(2) (1,758)
Statutory (loss) before tax (1,817)
Basic loss per share from continuing operations pence (0.0048)
Diluted loss per share from continuing operations pence (0.0046)
Details of Directors
The full names of the Directors of the Company and positions are
as follows:
Charles-Henri Sabet, Chief Executive Officer
Charles-Henri joined the board as executive chairman in
September 2014 and assumed the role of Group chief executive
officer in March 2015. Charles-Henri has more than 25 years'
experience at the forefront of the foreign exchange and private
banking markets across Europe. After an initial career at Credit
Agricole and Swiss Bank Corporation, in 1991 he founded TCC,
Trading And Commercial Consulting, the Geneva-based FX, options and
interest-rate trading firm. After obtaining a Swiss banking licence
the firm changed name in 2000 to Synthesis Bank, a full-service
private banking and asset management firm, which he chaired until
its sale in 2007 to Saxo Bank. Charles-Henri then became chairman
of Saxo Bank Switzerland and global head of trading of the Saxo
Group. Since 2008 he has been a director of GIO Global Investments
Opportunities Management Ltd, which offers proprietary trading and
investment services, and served until its sale in April 2008 as
non-executive director of foreign exchange brokerage JIFFIX Markets
Ltd. He is an experienced, strategic investor in companies cross
sectors to drive long-term sustainable growth and returns.
Charles-Henri has broad experience in financial services regulation
and is bilingual in English and French.
Charles Poncet, Non-Executive Chairman
Dr Charles Poncet is one of the leading international
arbitration specialists in Geneva and has been a practising lawyer
for over 25 years. Charles has appeared in several leading cases
concerning large-scale investments, joint ventures and other
disputes, often involving amounts in dispute in excess of $1
billion. He is a partner in CMS von Erlach Poncet, one of
Switzerland's leading law firms and a member of the CMS network. He
is also currently chairman of SOGEMCO SA and a director of Société
des Hôtels Président. Charles was a member of the Swiss parliament
from 1989 to 1995 and is fluent in French, Italian, English and
German.
Frank Chapman, Non-Executive Director
Frank joined the Board in October 2003 and was Chief Executive
Officer from May 2004 to April 2010. Following his retirement he
became a non-independent non-executive Director. Frank has over 30
years' experience in the London derivative and FX markets, having
previously been a Director and Managing Director of a number of
companies including London Investment Trust, Baring Securities,
Deutsche Morgan Grenfell and Amerex Petroleum. Frank is currently
chairman of Oxygen Finance Ltd.
Dimitri Goulandris, Non-Executive Director
Dimitri Goulandris has 20 years' experience in financial
services, with a focus on private equity. He spent eight years at
Morgan Stanley in its private equity group, structuring derivative
products and executing mergers and acquisitions from New York and
London. From 1999 to 2001 Dimitri set up and ran the European
operations of Whitney & Company, the private equity firm.
Dimitri founded The Cycladic Group in 2002, which specialises in
investing and creating businesses. The group has invested in over
40 businesses and founded five in the U.S, Europe, India, Africa
and Latin America. Dimitri holds an MBA from the Harvard Business
School and a master's degree in electrical and information sciences
from the University of Cambridge.
Nicholas Lee, Independent Non-Executive Director
Nicholas Lee has more than 25 years of experience in
international investment banking and working as a company director.
Nicholas was with Dresdner Kleinwort and its antecedent firms from
1988 to 2009, starting at Kleinwort Benson Group plc and rising to
managing director, head of banking, hedge fund solutions.
Previously as a managing director in mergers and acquisitions at
Dresdner Kleinwort Wasserstein, Nicholas' clients included leading
European financial services firms and large industrial, consumer
leisure and technology companies. Nicholas is currently executive
chairman of AIM-listed Paternoster Resources plc and non-executive
director of AIM-listed MX Oil plc. Nicholas was previously a
director and head of corporate finance at Novus Capital Markets
Limited and a director of AIM-listed Metal Tiger plc and Plutus
Powergen plc. Nicholas qualified as a chartered accountant with
Coopers & Lybrand and has an MA in engineering from St John's
College, Cambridge.
Sector Classification:
Financial Services
Registered office and principal place of business:
77 Grosvenor Street
London
W1K 3JR
United Kingdom
Company website:
https://ir.lcg.com/
Admission to AIM:
The Company was admitted to trading on AIM as a financial
services company on 22 December 2005.
Securities Settlement:
The Ordinary Shares are eligible for CREST settlement. There are
no restrictions on the transfer of Ordinary Shares.
Substantial Shareholder Information:
The Company has 380,531,519 ordinary shares in issue, of which
1,000,000 are held in treasury. The total number of voting rights
in the Company is therefore 379,531,519.
The Company is aware of the following persons/entities who
directly or indirectly hold an interest in the Company representing
3 per cent. or more of the issued ordinary share capital.
Shareholder Number of % of issued
Ordinary Shares share capital
-------------------------- ----------------- ---------------
GLIO Holdings Limited* 296,556,612 78.14%
-------------------------- ----------------- ---------------
*GLIO Holdings Ltd is 22.9 per cent. owned by Charles-Henri
Sabet through his 100% interest in ILOG Investments Limited, GLIO's
largest shareholder.
In addition to the substantial shareholders the Directors hold
the following interests in the share capital of the Company:
Director Number of % of issued
Ordinary Shares share capital
--------------------- ----------------- ---------------
Charles-Henri Sabet 7,800,000 2.06
--------------------- ----------------- ---------------
Charles Poncet 200,000 0.0005%
--------------------- ----------------- ---------------
Frank Chapman 4,500,000 1.20%
--------------------- ----------------- ---------------
Dimitri Goulandris NIL NIL
--------------------- ----------------- ---------------
Nicholas Lee NIL NIL
--------------------- ----------------- ---------------
The percentage of securities in public hands (as defined in the
NEX Exchange Growth Market Rules for Issuers) is 18.56 per cent.
The percentage of securities not in public hands is 81.43 per
cent.
The Company is subject to the UK City Code on Takeovers and
Mergers.
--ENDS-
For further information, please contact:
London Capital Group Holdings PLC:
Charles-Henri Sabet +44 (0)20 7456 7000
NEX Exchange Growth Market Corporate Adviser:
Peterhouse Corporate Finance Limited
Guy Miller and Fungai Ndoro +44 (0)20 7469 0936
AIM Nominated Adviser and Broker
Allenby Capital Limited
John Depasquale and Nick Naylor +44 (0)20 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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