WeShop Acquisition

RNS Number : 7069S

Brandshield Systems PLC

17 November 2021

 

17 November 2021

BrandShield Systems plc

("BrandShield", or the "Company")

Update on Offer to Acquire Business, Assets and Name of WeShop by Boanerges Limited

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, notes the announcement made by Boanerges Limited in relation to the passing of all resolutions at its general meeting held earlier today.  The resolutions passed include approval to acquire the business, assets and name of WeShop Limited, pursuant to an asset purchase agreement with WeShop Limited. This has also been approved by WeShop Limited's shareholders.  The full announcement by Boanerges can be found at the following link:

All Announcements | Aquis

BrandShield currently holds 508,809 shares in WeShop Limited, representing 10.5% of WeShop's current issued share capital. 

Yoav Keren, CEO of BrandShield Systems Plc, has, as a result of the asset acquisition, resigned from the Board of WeShop Limited. 

Enquiries:

BrandShield Systems plc Yoav Keren, CEO	[phone]
Spark Advisory Partners Limited  (Nominated Adviser) Neil Baldwin / Andrew Emmott / James Keeshan	[phone]
Shore Capital  (Joint Broker) Toby Gibbs / James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
Tennyson Securities  (Joint Broker)  Peter Krens	[phone]
Vigo Consulting   (Financial Public Relations) Jeremy Garcia / Antonia Pollock [e-mail]	[phone]

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

About BrandShield

BrandShield is a leading cybersecurity company founded in Israel by cybersecurity experts that protect the world's largest brands and consumers from phishing attacks, online fraud, and other online threats posed by dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies, tracks, and eliminates online threats for global brands and organizations, including Bristol Myers Squibb, Levi's, NewBalance, Swisscom, and the Pharmaceutical Security Institute. BrandShield is quoted on the London Stock Exchange AIM under ticker symbol BRSD. To learn more about BrandShield, please visit the company website at   www.BrandShield.com .

 

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