London Capital Group Holdings Regulatory News (LCG)

14 May 2007 12:00

London Capital Group Holdings PLC14 May 2007 14 May 2007 London Capital Group Holdings plc Richard Davey appointed Chairman London Capital Group Holdings plc, the financial services and online spreadbetting company, today announces the appointment of Richard Davey asnon-executive chairman. Richard Davey (aged 58) has over 35 years experience in the City. The majorityof his career has been spent in investment banking at N M Rothschild & Sons,where he served in various roles, including Head of Investment Banking andChairman of its Executive Committee, until his retirement in 1999. A financialservices sector specialist, he advised Lloyd's of London, Royal SunAlliance andNatwest. Prior to that, he worked at various organisations including Merrill LynchInternational Limited as Head of European M&A and Exco International Plc asGroup Finance Director and President of its North American business. Listed below are the names of the companies of which Richard Davey has been adirector or partner at any time in the past five years: Amlin plc: Independent non-executive directorSevern Trent plc: Independent non-executive directorYorkshire Building Society: Non-executive vice chairman Save as disclosed above, there are no further details required to be disclosedpursuant to schedule 2(g) of the AIM rules. Commenting on the appointment, Frank Chapman, Chief Executive, said: "RichardDavey is a highly regarded City professional and has significant experience ofthe financial markets. The Board looks forward to drawing upon his expertise asthe Group enters the next phase of its development." For further information, please contact: www.londoncapitalgroup.com London Capital Group Holdings plc Tel. 020 7456 7001Frank Chapman, Chief Executive Officer Smithfield Consultants Tel. 020 7360 4900George Hudson / Anne Howalt Notes to Editors: London Capital Group Holdings plc (LCGH plc) is a rapidly growing financialservices company offering online trading services. Its core activity is theprovision of spread betting products on the financial markets to retail clientsunder the trading name Capital Spreads. Its other divisions provide onlineforeign exchange trading services to institutional and intermediate clientsunder the Capital Forex brand and institutional derivatives broking under thename Capital Derivatives. London Capital Group Limited, a wholly owned trading subsidiary of LCGH plc, 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 plc floated on the London Stock Exchange's AIM market on 22nd December 2005at an issue price of 82p. 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