FXCM Adopts Stockholder Rights Plan

(RTTNews) - FXCM Inc. (FXCM) announced that its Board has adopted a Stockholder Rights Plan and declared a dividend distribution of one right on each outstanding share of the Company's Class A common stock.

The Company noted that its Board of Directors is committed to acting in the best interests of all of its stockholders. The Rights Plan is intended to enable all of the Company's stockholders to realize the full value of their investment in the Company. It is also designed to reduce the likelihood that any person or group would gain control of the Company by open market accumulation or other coercive takeover tactics without paying a control premium for all shares.

The company stated that the Rights Plan is not intended to deter offers that are fair and otherwise in the best interests of the Company's stockholders.

In mid-January 2015, FXCM said that it may be in breach of some regulatory capital requirements, as a result of debit balances. The company announced due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement on mid-January, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.