London Capital Group Holdings Regulatory News (LCG)

19 Apr 2007 07:01

London Capital Group Holdings PLC19 April 2007 19 April 2007 London Capital Group Holdings plc AGM Statement At the Annual General Meeting of London Capital Group Holdings plc ("LondonCapital Group" or "LCGH"), to be held later today, Frank Chapman, ChiefExecutive Officer, will give the following update on trading: "I am pleased to report that London Capital Group has had a strong first quarterdue to the volatile market conditions at the end of February and in early Marchand the Company's continued underlying growth. Although this has put us ahead ofmanagement expectations for the first quarter it should be emphasised that a runof low volatility could bring us back in line for the first half. All our business divisions continue to perform well, with each delivering recordmonthly volumes and profits during March. Overall, we remain encouraged by theprogress of the group and look forward to a robust first half tradingperformance." For further information, please contact: www.londoncapitalgroup.com London Capital Group Holdings plc 020 7456 7000Frank Chapman, Chief Executive Officer Smithfield Consultants 020 7360 4900George Hudson / Anne Howalt Notes to Editors: London Capital Group Holdings plc (LCGH) is a rapidly growing financial servicescompany offering online trading services. Its core activity is the provision ofspread betting products on the financial markets to retail clients under thetrading name Capital Spreads. Its other divisions provide online foreignexchange trading services to institutional and intermediate clients under theCapital Forex brand and institutional derivatives broking under the name CapitalDerivatives. London Capital Group Limited, a wholly owned trading subsidiary of LCGH isregulated and authorised by the Financial Services Authority. It has a Europeanpassport and is a member of the London Stock Exchange, Liffe, Eurex andEuronext, giving it direct access to all European markets. London Capital GroupLimited also has access to international markets through its global clearingrelationships. LCGH floated on the London Stock Exchange's AIM market on 22nd December 2005 atan issue price of 82p. LCGH 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