NEW YORK, Oct. 03, 2016 (GLOBE
NEWSWIRE) -- FXCM Inc. (NASDAQ:FXCM) (the "Company")
today announced that it has commenced a $15 million "at-the-market"
offering program.
Under the program, the Company may,
from time to time and at its discretion, offer and sell shares of
its Class A common stock ("Common Stock") having an aggregate gross
sales price of up to $15 million through Jefferies LLC, which will
serve as sales agent. The Company intends to use the net
proceeds generated through the program to reduce its outstanding
indebtedness and for other general corporate purposes.
Sales of Common Stock under the
program may be made in negotiated transactions or transactions that
are deemed to be "at-the-market offerings" as defined in Rule 415
under the Securities Act of 1933, as amended (the "Securities
Act"), including sales made directly on the NASDAQ Global Market or
sales made to or through a market maker other than on an
exchange.
The Common Stock will be offered
under the Company's effective shelf registration statement
(including a prospectus) filed with the Securities and Exchange
Commission ("SEC"). A prospectus supplement related to the offering
has been filed with the SEC. Any offer, solicitation or sale will
be made only by means of the prospectus supplement and the
accompanying prospectus. Current and potential investors should
read the prospectus forming part of the registration statement, and
the prospectus supplement relating to the program and other
documents the Company has filed with the SEC for more complete
information about the Company and the program.
A copy of the prospectus supplement
and accompanying prospectus relating to these securities may be
obtained by contacting Jefferies LLC, 520 Madison Avenue, 2nd
Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus
Department, or via telephone at 877-547-6340.
This press release does not
constitute an offer to sell or a solicitation of an offer to buy,
nor may there be any sale of the Common Stock in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities law of any state or jurisdiction.
About Us:
FXCM Inc. (NASDAQ:FXCM) is a publicly traded company
which owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM
Group is a holding company of Forex Capital Markets
LLC, (FXCM US), Forex Capital
Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited,
(FXCM AU), and all affiliates of
aforementioned firms, or other firms under the FXCM group of
companies (collectively "FXCM"). FXCM Group is owned and operated
by FXCM Inc. (NASDAQ:FXCM)
and Leucadia National Corporation (NYSE:LUK). Leucadia National
Corporation is a multi-billion dollar diversified holding company
engaged through its consolidated subsidiaries in a variety of
businesses.
FXCM is a leading provider of online foreign
exchange (FX) trading, CFD trading, spread betting and related
services. The company's 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
FX trading and provides trading tools proprietary data and premium
resources. FXCM Pro Provides retail brokers, small hedge
funds and emerging market banks access to wholesale execution and
liquidity, while providing high and medium frequency funds access
to prime brokerage services via FXCM Prime. 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.
This release may contain
"forward-looking statements" within the meaning of the safe harbor
provisions of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements
include statements about future results and performance, including
future market share and expected financial results. It is possible
that actual results may differ materially from the anticipated
results indicated in these forward-looking statements. Please refer
to FXCM Inc.'s most recent Annual Report on Form 10-K for a
discussion of important factors that could cause actual results to
differ materially from those projected in these forward-looking
statements.