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LHKX PLC has acquired stake in CMX Capital Markets Exchange Ltd(April 12, 2011)
London, 12th April 2011, London Hong Kong Exchange Plc (LHKX PLC” or the Company”) confirms that it has acquired a minority shareholding in the UK company CMX Capital Markets Exchange Ltd (CMX”).
CMX is still in a development phase and the parties have agreed not to disclose further details regarding the transaction.
CMX has an outstanding leadership team with significant experience in European financial markets. The leadership team includes:
• Martin Graham,the former Director of Marketsat London Stock Exchange (LSE”) and Chairman of AIM. Mr Graham personally led the LSEs transformational growth strategy focussed on driving market efficiency and resulting in a five fold increase in market size between 2003 and 2008. In addition he was instrumental in building the LSEs international franchise, significantly outperforming all major exchanges.
• Jonathan Clelland has held positions as Chief Operating Officer for HSBC Corporate Finance & Advisory Division and Finance and Administration Director, London at top 20 global law firm Shearman & Sterling.
• Antonio Governalehas been Managing Director for MAC, a Milan based stock exchange regulated SME market and from 2003 to 2007was Head of Sales, International Business Development, Western Europe and Manager Corporate Advisors & Admissions at the London Stock Exchange.
CMXs objective is to provide a comprehensive range of financial investment opportunities to a discreet client base and transform the supply of financing to companies. CMX will provide investors with the opportunity to generate superior returns and enable companies to finance their growth efficiently. CMX will achieve this through creating a unique global network matching providers and consumers of risk capital utilising a highly efficient platform and superior regulatory model.
The acquisition of the CMX shareholding fits closely with LHKX PLCs recently announced corporate re-alignment whereby LHKX PLCs new objective is to actively invest and trade in future orientated technology companies.
CMX aims to redefine the European capital markets environment for small to mid-market sized growth companies and LHKX PLC believes that long term beneficial co-operation and synergies can be created between CMX and LHKX PLC Platform business that includes a secondary market platform for trading illiquid assets.
LHKX PLC will provide further information regarding its re-alignment, appointment of new board directors and the spin off of the LHKX platform business in the immediate term.
For further queries please contact:
LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
Tel: +44 20 7 193 3853
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements? that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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