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London Capital Group to raise £8m to secure future trading

22nd March 2011 8:18 am GMT

London Capital Group Holdings plc (LCG) said Tuesday that it will look to raise approximately £8.0m by the issue of new ordinary shares which will be used to strengthen the company's financial position, as well as to provide additional resources to support growth through additional white label partnerships and international expansion.

LCG said that whilst the company has sufficient cash resources to meet its current liabilities, including a provision of £3.2m for the revised Financial Ombudsman [...]

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