LCG commences trading on NEX Exchange Growth Market

London Capital Group (LCG) has today (Wednesday) started trading its entire issued share capital on the NEX Exchange Growth Market.

Trading began at 8.00am GMT this morning, with LCG’s 380,531,519 fully paid ordinary shares priced at five pence each.

The company noted that its ordinary shares will remain admitted to trading on AIM following admission.

Confirmation of the admission comes after LCG in September revealed year-on-year growth across a number of key financials during the six months to June 30.

Revenue came in at just over £12m (€13.6m/$16m) for the first half of the year, up 7% on the corresponding period last year, while gross profit was also up 18% to £10.9m.

Elsewhere, adjusted loss before tax in the period improved from £3.4m to £1.8m, while statutory loss shortened by 48%, dropping from £3.5m to £1.7m.

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