Newly revitalized British electronic trading firm London Capital Group Holdings plc (LON:LCG) is continuing to attract the attention of top international talent, and a month has now passed since Tyler Rameson, a trustee and member of the senior management of Californian quantitative proprietary trading and security brokerage firm Gray Whale Capital LLC took a 5.7% stake in the firm.
As the shares in London Capital Group have continued to appreciate following its remarkable transformation from flagging old-stager to avantgarde, technology led company with a bright future, Mr. Rameson has sold a proportion of his shares in the company, taking his stake down from 5.7% to 4.9% as per a filing at the London Stock Exchange today.
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 a result of the transaction reported today, Mr. Rameson now holds 3,643,116 shares in the company, whereas prior to this he held 4,529,168 shares.
For the official filing with the London Stock Exchange, click here.