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Replacement - Conversion of Loan Notes

23 Jan 2015 07:00

RNS Number : 9414C
London Capital Group Holdings PLC
23 January 2015
 



An amendment has been made to the 'Conversion of Loan Notes' announcement released on 21 January under RNS Number: 7984C. The figure in the first paragraph of 1,688,000 has been corrected to 1,668,000. All other details remain unchanged and the full amended text is shown below:

 

 

LONDON CAPITAL GROUP HOLDINGS PLC

 

("London Capital Group", "LCG", the "Company" or the "Group")

 

Conversion of Loan Notes

 

 

The Company announces that, on 20 January 2015, the Company approved a notice from GLIO Holdings Limited ("GLIO") to convert 1,668,000 loan notes of £1.00 each in LCG at a price of 25.02p in accordance with the terms of the GLIO Convertible Loan Note Instrument ("CLN") dated 17 June 2014. Interest of £583,800 is payable to GLIO in LCG ordinary shares at a conversion price of 25.02p.

 

Accordingly, an application has been made for 9,000,000 ordinary shares of 10p each to be admitted to trading on AIM ("First Admission"). It is expected that First Admission will occur at 8.00am on 30 January 2015.

 

The Company also announces that on 20 January 2015, HSBC Global Custody Nominee (UK) Limited, on behalf of Hargreave Hale Limited served notice to convert 1,000,000 loan notes of £1.00 each in LCG at a price of 25.02p in accordance with the terms of the Institutional Investors Convertible Loan Note Instrument dated 1 October 2014. Interest of £350,000 is payable to Hargrave Hale Limited in LCG ordinary shares at a conversion price of 25.02p.

 

Accordingly, an application has been made for 5,395,684 ordinary shares of 10p each to be admitted to trading on AIM ("Second Admission"). It is expected that Second Admission will occur at 8.00am on 4 February 2015.

 

Following Second Admission, the Company's issued share capital will consist of 71,545,513 ordinary shares, of which 1,000,000 are held in treasury. The Company's total voting rights will therefore be 70,545,513. This figure (70,545,513) may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

 

Following Second Admission, GLIO will hold 9,000,000 ordinary shares of 10p each in LCG, representing approximately 12.76 per cent of the Company's enlarged total voting rights. Charles-Henri Sabet owns a 21.79 per cent. interest in GLIO through his 100 per cent. holding in ILOG Investments Limited.

 

 

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. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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