Signing of Appointed Representative Agreement

RNS Number : 0005E

Honye Financial Services Ltd

08 March 2022

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Embargoed for release at 7am on 8 March 2022

8 March 2022

Honye Financial Services Ltd

 (the "Company" or "Honye")

Signing of Appointed Representative Agreement

Honye Financial Services Ltd. is pleased to announce that, through its newly-incorporated wholly owned subsidiary Honye Trading Limited, it has signed an Appointed Representative and Tied Agent Agreement (the "Appointed Representative Agreement") with an established London-based asset management firm ("the Principal").

Subject to the Principal completing its on-boarding process, Honye Trading Limited will be added to the FCA Register as the Principal's appointed representative (the "Appointment").  It is expected that the Appointment will become effective contemporaneously with completion of the Company's acquisition of Zoyo Capital Limited and re-admission ("RTO"). With the Appointment in place, the Company will seek to generate revenue from a Zoyo-branded white-labelled mobile application whilst conducting further R&D on its own stand-alone application and applying for full FCA authorisation with the objective of eventually replacing the white-labelled solution.

Chairman's comments:

"We are pleased to announce the next step on the path towards setting up and running an equity trading mobile application. This approach will enable us to commence trading within a matter of weeks of the RTO, generating revenue and raising brand awareness of the Zoyo name many months earlier than would otherwise be the case."

A further announcement will be made in due course

-Ends-

Further information:

Honye Financial Services Ltd 

Gareth Edwards ([e-mail])

Peterhouse Capital Limited (sole broker)

Lucy Williams/Mark Anwyl [phone]

 

END

 

 

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