Analyst Research

Report Title Price
Provider: Wright Reports
$75.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

London Capital Group Hldg PLC Announces Sale Of ProSpreads Limited


Friday, 13 Sep 2013 02:00am EDT 

London Capital Group Hldg PLC announced it has agreed to sell ProSpreads Limited, the Group's Gibraltar based subsidiary, to Apostar Holdings Limited, a privately owned company registered in Gibraltar. The completion of the sale is conditional on, amongst other things, approval from the financial regulator in Gibraltar. LCG has agreed to sell ProSpreads for a premium above the net asset value at the date of completion and expects to receive net cash of GBP1.5 million following adjustments for working capital and the settlement of inter group balances. Net profit on disposal is expected to be in the region of GBP0.1 million. The proceeds of the disposal will be used for working capital in the UK businesses. The disposal will be undertaken by way of a transfer of the securities held in ProSpreads. 

Company Quote

27.0
0.0 +0.00%
11 Jul 2014