Flush with fresh a fresh investment from newly appointed Executive Chairman Charles-Henri Sabet, LCG rejuvenates itself by engaging in M&A activity
Read moreCharles-Henri Sabet's GLIO Holdings has been issued 20,983,213 ordinary shares, 59,952,038 convertible loan notes, and 80,935,251 warrants
Read moreFoster has been replaced as Head of FX by Peter Wells, who joins LCG from ICAP.
Read moreFollowing regulatory approval by the FCA of Charles-Henri Sabet's proposed financing plan, Mr. Sabet has been appointed Executive Chairman of the company with immediate effect
Read moreBritain's regulatory authority gives the go-ahead for LCG's proposed financing plan to raise up to £17,500,000, through the issue of convertible loan notes to GLIO and Institutional Investors
Read moreThe Board of London Capital Group (LON:LCG) has announced that, at a General Meeting of shareholders held on July 3rd, the proposed investment in the Company by GLIO Holdings Ltd and possibly existing shareholder(s) of up to £17.5 million was approved, through the increase in share capital and waiving of preemption rights. The proposed changes…
Read moreToday should be a very interesting day in the corporate history of UK spreadbetting firm London Capital Group (LON:LCG). Today's general meeting and shareholder vote will likely determine the fate of LCG - primarily, whether or not it ends up being 'rescued' by a £17.5 million investment to be made by an investor group led…
Read moreRamping up pressure on the board and shareholders of London Capital Group (LON:LCG), online sports betting and financial spread betting firm Spreadex confirmed that it had indeed recently made a proposal to acquire LCG, and was rejected by LCG's board. Spreadex's offer was all-cash, at £0.30 (30 pence) per share, representing a 46% premium to…
Read moreUK spreadbetting company London Capital Group (LON:LCG) has issued a press release (see below) denying rumors that it has been in acquisition discussions, other than with a group led by Charles Henri-Sabet. As we wrote earlier, Sabet and his group have offered LCG a £17.5 million lifeline in return for effectively taking control of LCG.…
Read moreWhile the lifeline being provided by Charles Henri-Sabet and his co-investors in GLIO Holdings might be crucial for London Capital Group's return to growth, it seems that current LCG shareholders don't share his enthusiasm. London Capital Group (LON:LCG) shares dropped another 18% on Wednesday to close at £0.21, the day after the company announced updated…
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