FXCM Inc. Announces Effectiveness of Reverse Stock Split
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FXCM Inc. /
FXCM Inc. Announces Effectiveness of Reverse Stock Split
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The issuer is solely responsible for the content of this announcement.
NEW YORK, Sept. 29, 2015 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM)("FXCM" or
"the Company"), a leading online provider of foreign exchange (FX) trading and
related services, today announced the effectiveness of its previously disclosed
one-for-ten reverse stock split.
Beginning with the opening of trading on Thursday, October 1, 2015, the
Company's common stock will trade on the NYSE on a reverse split-adjusted basis
under the same symbol "FXCM," but with a new CUSIP of 302693205. As a result of
the reverse stock split, the number of outstanding shares of FXCM's common stock
will be reduced from approximately 53,726,664 shares to approximately 5,372,666
shares.
No fractional shares were issued in connection with the reverse stock split.
Instead, each stockholder holding fractional shares will receive, in lieu of
such fractional shares, cash in an amount the closing sale price per share of
our common stock as reported on the NYSE on the last trading day preceding the
effective date of the reverse stock split multiplied by the number of shares of
pre-split common stock held by the stockholder that would otherwise have been
exchanged for such fractional share. Stockholders of record will receive
information from American Stock Transfer & Trust Company, LLC, the Company's
transfer agent, regarding their stock ownership and, if applicable, cash in lieu
of fractional share payments. Stockholders who hold their shares in brokerage
accounts or "street name" are not required to take any action in connection with
the reverse stock split.
Disclosure Regarding Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and/or the Private Securities Litigation
Reform Act of 1995, which reflect FXCM's current views with respect to, among
other things, its operations and financial performance in the future. These
forward-looking statements are not historical facts and are based on current
expectations, estimates and projections about FXCM's industry, management's
beliefs and certain assumptions made by management, many of which, by their
nature, are inherently uncertain and beyond our control. Accordingly, readers
are cautioned that any such forward-looking statements are not guarantees of
future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict including, without limitation, risks
associated with the events that took place in the currency markets on January
15, 2015 and their impact on FXCM's capital structure, risks associated with
FXCM's ability to recover all or a portion of any capital losses, risks relating
to the ability of FXCM to satisfy the terms and conditions of or make payments
pursuant to the terms of the credit agreement with Leucadia, risks related to
FXCM's dependence on FX market makers, market conditions, and those other risks
described under "Risk Factors" in FXCM Inc.'s Annual Report on Form 10-K and
other reports or documents FXCM files with, or furnishes to, the SEC from time
to time, which are accessible on the SEC website at sec.gov. This information
should also be read in conjunction with FXCM's Consolidated Financial Statements
and the Notes thereto contained in FXCM's Annual Report on Form 10-K, and in
other reports or documents the FXCM files with, or furnishes to, the SEC from
time to time, which are accessible on the SEC website at sec.gov.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (forex)
trading, CFD trading, spread betting and related services. Our mission is to
provide global traders with access to the world's largest and most liquid market
by offering innovative trading tools, hiring excellent trading educators,
meeting strict financial standards and striving for the best online trading
experience in the market.
Clients have the advantage of mobile trading, one-click order execution and
trading from real-time charts. In addition, FXCM offers educational courses on
forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, which
may result in losses that could exceed your deposits, therefore may not be
suitable for all investors. Read full disclaimer.
Visit www.fxcm.com and follow us on Twitter (at)FXCM, Facebook FXCM, Google+ FXCM
or YouTube FXCM.
CONTACT: FXCM Inc.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
jklein(at)fxcm.com
investorrelations(at)fxcm.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FXCM Inc. via GlobeNewswire
[HUG#1955455]
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2015 - 22:15 Uhr
Sprache: Deutsch
News-ID 423536
Anzahl Zeichen: 5931
contact information:
Town:
New York
Kategorie:
Business News
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