LOTCE: Acquisition of PLUS DX from former Plus Market Group plc

Transaction: BWB acted for LOTCE Holding Limited on the acquisition of PLUS Derivatives Exchange Limited from AIM-quoted Polemos Plc, formerly Plus Market Group plc. BWB advised on the acquisition and the financial services regulatory issues.


Client: LOTCE Holding plc is the holding company for the FCA-authorised PLUS DX business which is aiming to introduce to the market an innovative IRS instrument which is both capital efficient and fully compliant with financial services regulation.

Lawyers: Jonathan Morris (Senior Associate) led the team for LOTCE supported by Richard Marke (Partner) on the commercial law issues.

Observations: BWB is pleased to have supported LOTCE in this transaction which was a key aspect of LOTCE’s business development strategy. BWB continues to provides follow on legal assistance in respect of the preparation of LOTCE’s product for market.