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London Capital Group completes £17m financing plan

17th October 2014 6:37 am GMT

Spread betting and CFD provider London Capital Group (LCG) has raised a total of £17m through a financing round led by GLIO Holdings.

LCG raised £17m before expenses through the issue of 67,945,644 convertible loan notes of £1 each to GLIO Holdings, Hargreave Hale and Tyler Rameson at a conversion price of 25.02 pence. The net transaction costs of the financing are £16.28m.

The three investors have also been granted warrants, and [...]

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