Information  X 
Enter a valid email address

Octagonal Plc (OCT)

  Print      Mail a friend       Annual reports

Wednesday 15 April, 2015

Octagonal Plc

Update on GIS Investment


15 April 2015

                                 Octagonal plc                                 

                           Update on GIS Investment                            

Octagonal Plc (AIM: OCT), the investment company whose principal investment is
a 9.97% equity holding in global custody and clearing company, Global
Investment Strategy UK Ltd ("GIS"), announces strong operational performance
and growth for GIS for the quarter ended 31 March 2015.

Quarter Trading Summary Update - GIS

  * 55.9% increase in settlement values for the quarter, with settlement values
    exceeding US$6.3 billion (approximately £4.3 billion at 1.462 exchange rate
    of 14/04/15), up from the US$4.1 billion (approximately £2.8 billion) for
    the same period last year.
   
  * 32.7% increase in total settled transactions for the quarter, with total
    transactions exceeding 23,000, up from the 17,664 settlements for the same
    period last year.
   
About GIS:

GIS's main business activities are focused on global settlement and safe
custody services for global hedge funds and family wealth offices.

GIS is a London Stock Exchange member firm and is regulated by the FCA to offer
a broad scope of settlement, custody, banking, broking and advisory services to
professional, retail, corporate and eligible counterparty clients. GIS has over
100 counterparty relationships including most major international investments
banks transacting in the UK.

Donald Strang, Octagonal's Chairman, commented;

"We continue to see very strong growth from GIS as it continues to attract new
clients seeking its bespoke London-based financial platforms."

Enquiries:

Octagonal plc                               +44 (0) 20 7440 0640               
Donald Strang                                                                  
Jason Berry                                                                    
David Lenigas                                                                  
                                                                               
Cairn Financial Advisers LLP                +44 (0) 20 7148 7900               
Nominated Adviser and Broker                                                   
James Caithie / Jo Turner / Carolyn Sansom                                     
                                                                               
Square Consulting                           +44 (0) 20 7929 5599               
Public Relations                                                               
David Bick/ Mark Longson

a d v e r t i s e m e n t