10.08.2009
As of the close of business on 7th August 2009, a
definitive agreement has been reached for SYCAP Group AB (publ),
the current 50% owner and the platform technology provider for
Gekko Global Markets Ltd (previously VDM Global Markets Ltd), to
acquire 100% ownership of Gekko Global Markets Ltd's share
capital.
The principal shareholder and the CEO of SYCAP Group AB (publ) is
Mr. John Rowe, who was formerly the 100% owner of London Capital
Group Ltd, and its main trading brand Capital Spreads, between 1995
and 2005. Mr. Rowe is also currently the CEO of Gekko Global
Markets Ltd.
SYCAP Group AB (publ) was founded in 1998 and has a long tradition
of being innovative on the technology front. Its principal business
is to develop and license software for both the institutional and
retail financial services industry. SYCAP Group develops all its
proprietary software in-house.
- We are excited about this change in company ownership and we look
forward to providing an even better trading service under Mr.
Rowe's continuous leadership, adds Edward Drake, Managing Director
of Gekko Global Markets Ltd.
For further information please contact: COO: Stefan Willebrand,
tel: +46 (0)8-402 54 61, mail: stefan.willebrand@sycapgroup.com
http://www.sycapgroup.com