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Octagonal PLC (OCT)

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Monday 06 July, 2015

Octagonal PLC

June Quarter Trading performance

RNS Number : 1587S
Octagonal PLC
06 July 2015
 

7.00am                                                                                                                          6th July 2015

 

Octagonal plc

("Octagonal" or the "Company")

 

 

Record June Quarter Trading performance

 

Octagonal Plc (AIM: OCT), announces a record quarter of business activity for its new 100% owned UK-based settlements and global custody business, Global Investment Strategy UK Ltd ("GIS"), with both impressive growth in transactions on behalf of its existing client base and strong new client growth.

 

1st Quarter to June 30th 2015 Trading Summary Update:

 

·     Over 12,000 transactions for the month of June, being a record month for GIS;

 

·     50.3% increase in total settled transactions for the quarter compared to the same quarter 2014, with total transactions exceeding 30,000; and

 

·     Total new clients increased during the quarter by 120.

 

 

Octagonal, as a result of its Reverse Takeover of GIS, became the 100% owner of GIS on 30 June 2015.

 

GIS is a London Stock Exchange member firm and is regulated by the FCA whose main business activities are focused on providing:

·     Global settlement and safe custody services

·     Fund management and Investment advisory services to wealth managers and professional clients

·     Corporate Finance and Broking.

 

 

John Gunn, Octagonal's CEO, commented;

 

"I am very pleased with the growth we have seen during this 1st quarter and over the past year at GIS and I remain optimistic that we can continue this, albeit with seasonal volatility.

 

The Octagonal RTO transaction (as completed on 30 June 2015) will enhance our visibility to potential end customers who see the advantages of streamlining their business where we can offer competitive rates and improved efficiencies. We will remain focused this year on our core activities and cash generation whilst, in the medium to long term, with our increased management, we will look for further organic growth and also growth through acquisition, but only where we see an enhancement to earnings."

 

 

 

Enquiries:

 

Octagonal plc

John Gunn

Nilesh Jagatia

 

 

+44 (0) 207 048 9400

+44 (0) 207 048 9400

Beaumont Cornish Limited

Nominated Adviser

James Biddle/ Roland Cornish

 

+44 (0) 207 628 3396

 

Northland Capital Partners Limited

+44 (0) 20 7382 1100 

Broker

Patrick Claridge/ John Howes/ David Hignell                   

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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