London Capital Group Holdings PLC Statement on current trading (3396D)

TIDMLCG

RNS Number : 3396D

London Capital Group Holdings PLC

06 July 2016

6 July 2016

LONDON CAPITAL GROUP HOLDINGS PLC

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

Statement on current trading post-EU referendum

London Capital Group can confirm that despite the unprecedented volatility in the financial markets as a result of the EU referendum, the immediate impact of the UK's vote to leave the EU has been materially positive for the Company in terms of both revenues and profitability.

The Company has also recently received a query from a regulatory authority with regard to the level of regulatory fees being paid by the Company. The Company is in the process of evaluating this and has agreed to revert to the regulator on 11 July 2016. The Company does not expect the outcome to have a material impact on its financial position, particularly against the background of LCG's financial performance since the EU referendum.

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For further information, please contact:

London Capital Group Holdings Limited

Charles-Henri Sabet

 
 Allenby Capital 
  Limited 
 Nominated Adviser 
  and Broker 
 John Depasquale      [phone] 
  Nick Naylor          5656 
 
 

About London Capital Group (http://ir.londoncapitalgroup.com/)

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. 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 quoted 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

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July 06, 2016 02:00 ET (06:00 GMT)