London Capital Group's Executive Chairman Buys 1.16% of the Company's Float
- Aside from the capital injection from Charles-Henri Sabet led GLIO Holdings, he is committing personal resources into the company's future involving the merger of traditional voice broking with electronic trading.
According to a regulatory filing, London Capital Group Holdings' (LON:LCG) Executive Chairman Charles-Henri Sabet has purchased 650,000 ordinary shares in the company of 10p each at a price of 35 pence (in line with yesterday’s closing price).
After the acquisition, the number of shares owned by Mr. Sabet totals 1.16% of London Capital Group Holdings’ (LON:LCG) float. The purchase comes several months after GLIO Holdings, a consortium of investors led by the current Executive Chairman, purchased £15 million worth of convertible notes backed by a substantial stake in the company with 75 million warrants outstanding.
After the investment, London Capital Group Holdings (LON:LCG) has taken a new direction, hiring Francois Nembrini as Global Head of Sales and Trading. After twelve years with FXCM, Mr. Nembrini joined the company to lead the effort into a new direction.
Following shareholder approval, London Capital Group Holdings (LON:LCG) entered into a multi-year licensing agreement to become the exclusive provider of the Algoweb trading platform and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management software, of which Mr. Sabet owns 50%.
The company is gearing to leverage its talent and technology to merge traditional voice broking business with electronic trading, as explained by Mr. Nembrini to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates in an exclusive interview with London Capital Group Holdings' (LON:LCG) management last month.
According to a regulatory filing, London Capital Group Holdings' (LON:LCG) Executive Chairman Charles-Henri Sabet has purchased 650,000 ordinary shares in the company of 10p each at a price of 35 pence (in line with yesterday’s closing price).
After the acquisition, the number of shares owned by Mr. Sabet totals 1.16% of London Capital Group Holdings’ (LON:LCG) float. The purchase comes several months after GLIO Holdings, a consortium of investors led by the current Executive Chairman, purchased £15 million worth of convertible notes backed by a substantial stake in the company with 75 million warrants outstanding.
After the investment, London Capital Group Holdings (LON:LCG) has taken a new direction, hiring Francois Nembrini as Global Head of Sales and Trading. After twelve years with FXCM, Mr. Nembrini joined the company to lead the effort into a new direction.
Following shareholder approval, London Capital Group Holdings (LON:LCG) entered into a multi-year licensing agreement to become the exclusive provider of the Algoweb trading platform and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management software, of which Mr. Sabet owns 50%.
The company is gearing to leverage its talent and technology to merge traditional voice broking business with electronic trading, as explained by Mr. Nembrini to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates in an exclusive interview with London Capital Group Holdings' (LON:LCG) management last month.