Tyler Rameson of California’s Gray Whale Capital takes 6% stake in London Capital Group

Newly revitalized British electronic trading firm London Capital Group Holdings plc (LON:LCG) is continuing to attract the attention of top international talent, this time in the form of Tyler Rameson, trustee and member of the senior management of Californian quantitative proprietary trading and security brokerage firm Gray Whale Capital LLC.

Mr. Rameson joined London Capital Group’s fundraising exercise led by Charles-Henri Sabet in October last year, in which he participated alongside Mr. Sabet and Hargreave Hale in raising £17,500,000, through the issue of convertible loan notes to GLIO and institutional investors.

At that time, Mr. Rameson (registered in the name of JIM Nominees Limited) was responsible  for £1,000,000 convertible loan notes, following which ordinary shares of £0.10 each in the capital of the company were issued in proportion to the number of convertible loan notes which were subscribed for by the institutional investors, each at a price of 45 pence per share.

As reported by a filing with the London Stock Exchange, where London Capital Group’s stock is listed, Mr. Rameson took ownership of 4,529,168 shares, taking his percentage stake in the firm to 5.7%.

Since the financing plan came to fruition, and Mr. Sabet was elected Chairman, the firm has metamorphosed into a technology and liquidity provider and prominent CFD and FX trading firm that has attracted a series of highly experienced senior industry professionals to its board, and whose fortunes have turned around completely.

For the official announcement from the London Stock Exchange, click here.

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