CMC Issues 1.6M New Ordinary Shares

CMC Markets plc announced Monday via a regulatory filing that it issued 1.6 million new ordinary shares. These will be made available for trading on the  London Stock Exchange’s main market for listed securities.

CMC Markets issued new ordinary shares to satisfy vesting of awards under the Group’s Management Equity Plan 2015. This is according to the document published via the LSE’s news service.

The new ordinary shares are 25p each which will be admitted to the Official List of the UK Listing Authority. The firm expects that trading in the new batch of shares will commence on Wednesday, the 16th of September 2020.

The new 1.6 million ordinary shares will rank “pari passu”. This means side by side the existing issued ordinary shares of the Group.

At admission, the issued ordinary share capital of the Group will consist of 290,717,473 shares.

The total number of voting rights in the Group will therefore be 290,717,473, the company said. Shareholders can use this figure, the denominator, to determine if they must notify their interests. Or a change to their interest in the Group under the Disclosure and Transparency Rules.

CMC Markets Makes it onto FTSE 250

The firm has announced that it will be included in the FTSE 250.  FTSE 250 is an index which measures the largest companies on the London Stock Exchange. The issue of the new shares comes less than two weeks after this.

It came on the same day that the online trading provider published its trading update. CMC Markets continued to see a strong trading performance from 1st July 2020 until 31st August. That was despite the lessening volatility driven by COVID-19.

The net operating income run rate for the two month period was slightly below Q1 of its 2021 fiscal year. Moreover, client income has continued to be in excess of the same period in the prior year.