Tag: Charles Henri-sabet

LCG trading floor
August 01, 2018 BY LeapRate Staff

LCG completes going-private deal after receiving FCA approval

London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…

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May 31, 2018 BY LeapRate Staff

Charles-Henri Sabet resigns as CEO of LCG as results improve in 2H-2017

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…

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LCG trading floor
March 22, 2018 BY LeapRate Staff

LCG shareholders approve going-private deal, FCA approval pending

Following our exclusive report from earlier this month revealing that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet, the company has announced that a shareholders meeting was held yesterday and that the proposed transaction (see more details below) was approved as planned. The going-private…

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LCG trading floor
March 05, 2018 BY LeapRate Staff

Exclusive: LCG goes private in £5 million Loan Notes deal, to Charles-Henri Sabet

LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…

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LCG trading floor
January 09, 2018 BY LeapRate Staff

LCG shareholder vote on LSE delisting set for February 6

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…

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LCG trading floor
December 22, 2017 BY LeapRate Staff

LCG to delist from London Stock Exchange AIM market

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to delist the company's shares from trading on the London Stock Exchange's AIM market. LCG didn't give an exact date for the delisting, just that it would convene a shareholders meeting to vote on the matter…

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June 21, 2016 BY LeapRate Staff

London Capital Group recapitalization: what the filing didn't say

LeapRate broke the news earlier today of the proposed recapitalization at FCA regulated online trading firm London Capital Group Holdings plc (LON:LCG), which will see CEO Charles-Henri Sabet and his partners inject £10 million (USD $14.6 million) into the company. We referenced in our coverage a filing which the company made with the London Stock Exchange…

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