CMC Markets Regulatory News (CMCX)

25 May 2006 07:04

CMC Markets Plc25 May 2006 CMC Markets Plc25 May 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO ORFROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTIONWHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCHJURISDICTION Withdrawal of CMC Markets Plc Initial Public Offering Following the largest fall in the FTSE 250 index since September 2001, CMCMarkets announces that, despite a very positive reception on its pre IPOroadshow, it has decided to withdraw its proposed listing on the London StockExchange. Peter Cruddas, Executive Chairman and Chief Executive, said: "In recent weeks, CMC Markets has had a record trading period in terms of newclients, number of trades, revenues and profits. However, given the prevailingmarket volatility, the Board has decided to withdraw from its plan to seek alisting on the London Stock Exchange at the present time. Our options remainopen, including potentially returning to the market. In the meantime we willcontinue to pursue our ambitious growth plans and develop our fantasticbusiness." Enquiries: Finsbury + 44 (0)20 7251 3801Morgan BoneJames Wyatt-TilbyAlex Simmons Notes to Editors: CMC is an established international financial trading company and a pioneer ininnovative online trading in a wide range of financial products. Having launched the world's first internet-based foreign exchange tradingplatform to retail investors in 1996, CMC has since significantly expanded itsproduct offering and now offers trading in contracts for difference ("CFDs") andfinancial spread betting on a wide range of underlying financial instruments,such as shares, indices, treasury securities, metals and other commodities to aglobal client base using specialist online technology solutions. As a leading market maker in CFDs, and through its global and proprietarystate-of-the-art trading platform, MarketMaker, CMC offers its customers theopportunity to benefit from a price-driven trading service enabling them toaccess price quotes continuously in real time and to execute trades instantly atsome of the most competitive all-in prices available. CMC offers its products to retail clients based in 73 countries and to asignificant number of corporate clients, in addition to providing banks, brokersand other trading companies in several countries access to its advanced tradingplatform through technology partnerships. CMC is headquartered in London and hasnine overseas offices across four continents and is regulated in eight differentcountries. In 2005, CMC became one of the first foreign companies (other thanbanks) to provide educational services in relation to its foreign exchangeproducts to customers in China. In 2006, CMC launched a mobile phone dealing service in Europe and Asia,enabling its customers in these territories to trade in real-time from almostanywhere in the world via their mobile telephones and other mobile devices. Led by its founder, Peter Cruddas, who has been among the world's pioneers inthe establishment of online trading of CFDs, CMC's management team has extensiveexperience in the financial markets in which it operates, particularly withinthe retail segment. This team has been instrumental in enabling the Company toexpand in the UK and overseas. This announcement may not be distributed, directly or indirectly, in or into orfrom the United States, Canada, Australia or Japan. This announcement does notconstitute or form part of an offer to sell or issue, or any solicitation of anoffer to buy or subscribe for, any securities referred to herein in the UnitedStates or in any other jurisdiction. The distribution of this announcement incertain jurisdictions may be restricted by law and persons into whose possessionany document or other information referred to herein comes should informthemselves about and observe any such restriction. Any failure to comply withthese restrictions may constitute a violation of the securities laws of any suchjurisdiction. The securities mentioned herein have not been, and will not be, registered underthe U.S. Securities Act of 1933 (the "Securities Act"), and may not be offeredor sold in the United States (as such term is defined in Regulation S under theSecurities Act) unless they are registered under the Securities Act or pursuantto an exemption from registration. No public offer of securities is being madein the United States. This information is provided by RNS The company news service from the London Stock Exchange