LCG acquires software development firm Surecom

London Capital Group Holdings (LCG) has completed the acquisition of software development company Surecom Limited from Spotware Systems.

Under the agreement, LCG will issue 3,754,614 new ordinary shares in the firm in consideration for the acquisition of the Cyprus-based company.

LCG said that an application has been made for the new ordinary shares to be admitted to trading on AIM, with admission expected to occur on October 9.

In a statement confirming the deal, LCG said that the acquisition of Surcom will enable it to enhance its own platforms and develop new, advanced technologies.

“The acquisition of Surecom will facilitate the further development and enhancement of the company’s dealing platforms and new advanced technologies which, the directors believe, will help position the company as a leading provider of online trading services,” the statement read.

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