January 26, 2016 / 7:12 AM / 2 years ago

BRIEF-CMC Markets says London IPO priced at 235-275p/shr

Jan 26 (Reuters) - CMC Markets Plc:

* Announcement of price range

* The price range for the offer has been set at between 235 pence to 275 pence per ordinary share

* At mid-point of price range, CMC’s market capitalisation would be approximately £736 million

* Company intends to use proceeds from primary capital raise to meet costs of IPO and staff incentive plans

* Base transaction size of £231 million (at mid-point) includes primary capital raise by CMC of c.£15 million, with other being sale of secondary shares by certain existing shareholders

* Final pricing is expected to be announced on or around friday 5 February 2016

* Unconditional dealings in CMC ordinary shares on London Stock Exchange are expected to commence on or around Wednesday 10 February 2016 Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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