Photo: Finance Magnates
UK-based London Capital Group Holdings PLC (LON:LCG), traded on the London Stock Exchange (LSE), announced details today of a restructuring proposal aimed to help strengthen the companys position. The deal will inject £10 million into the company, effectively boosting its regulatory capital and resulting in the stake of the majority shareholder of LCG, Charles-Henri Sabet, rising to 83.33 per cent.
The company will issue 215,245,578 subscription shares and 70,962,201 open offer shares and up to 7,096,220 Underwriting Commission Shares, each at 5 pence per new ordinary share.
Finance Magnates spoke with London Capital Grou…
Read the full article at: http://www.financemagnates.com/forex/brokers/lcg-deal-sees-glio-helping-10m-in-capital-reorginazation-as-debt-swapped/