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 , 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, . 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 and liquidity management software, of which Mr. Sabet owns 50%.
The company is gearing to leverage its talent and technology to as explained by Mr. Nembrini to Forex Magnates in an exclusive interview with London Capital Group Holdings’ (LON:LCG) management last month.
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