26 Jan 2015 14:20
26 January 2015
LONDON CAPITAL GROUP HOLDINGS PLC
("London Capital Group", "LCG", the "Company" or the "Group")
Director Shareholding and Joint Share Ownership Plan ("JSOP")
The Company announces that on 23 January 2015, 10,435,000 ordinary shares in London Capital Group ("JSOP Shares") were issued to senior employees as JSOP awards and are held jointly between the Company's employee benefit trust ("EBT") and each employee. The EBT was set up to provide long-term performance-related incentives to employees to assist with the retention of key employees. The JSOP Shares were issued from the pool of 12,480,000 unallocated ordinary shares held by the EBT. The issue of JSOP Shares to employees from shares held in the existing EBT does not alter the total number of ordinary shares of the Company in issue. Those persons awarded JSOP Shares will benefit from growth in value of an ordinary share above 46 pence per share. The JSOP Shares will only vest in full after 23 January 2018.
As part of this award Charles-Henri Sabet, executive chairman, was issued a total of 5,000,000 JSOP Shares.
Director | Existing shares held | JSOP Shares awarded | Total JSOP Shares subsequent to award | Total shares in Company in which Director has a beneficial interest* | |
|
|
|
|
| |
Charles Henri-Sabet | 1,700,000 | 5,000,000 | 5,000,000 | 6,700,000 (9.50%) | |
*Mr Sabet will also hold an indirect interest in the 9,000,000 LCG ordinary shares, which will be held by GLIO Holdings Limited ("GLIO"), following the recently announced conversion of GLIO Convertible Loan Notes, conditional upon Admission on 30 January 2015. Mr Sabet holds a 21.79 per cent. interest in GLIO through his 100 per cent. interest in ILOG Investments Limited, GLIO's largest shareholder.
The percentage is calculated based on the enlarged total voting rights (70,545,513) following the recent conversion of Convertible Loan Notes and issue of equity, conditional on Admission, as announced by the Company on 23 January 2015.
ENDS
For further information, please contact:
London Capital Group Holdings plc
Charles-Henri Sabet, Executive Chairman
020 7456 7000
Cenkos Securities plc
Nicholas Wells
020 7397 8900
Morgan Rossiter
James Rossiter/ Richard Morgan Evans
0203 195 3240
Notes to Editors:
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 to institutional and professional clients. LCG Ltd is one of the leading providers of white label financial spread trading and CFD platforms and its white label partners include TD Direct Investing, Bwin.party, and Saxo Bank.
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 listed 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.