Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Octagonal PLC (OCT)

  Print      Mail a friend       Annual reports

Wednesday 22 March, 2017

Octagonal PLC

New Business Initiative

RNS Number : 1391A
Octagonal PLC
22 March 2017



7.00am on 22 March 2017


Octagonal plc

("Octagonal" or the "Company")


Proposed New Business Initiative


Octagonal (AIM: OCT), would like to provide Shareholders with an update on a new business opportunity being developed by its wholly owned subsidiary, Global Investment Strategy UK Limited ("GIS"). The opportunity is in line with the Group's strategy of utilising its FCA Permissions to diversify and grow revenues through earnings enhancing projects.


GIS has incorporated Synergis Capital Ltd as a majority owned subsidiary ("SynerGIS") for the purpose of issuing an investment bond (the "SynergisBond") to be issued in tranches by SynerGIS and distributed by GIS.  SynerGIS has been established to provide commercial asset backed lending and its operations will be independent on the activities of GIS. It is proposed that the SynergisBond be listed on the Irish Stock Exchange and, as such, a draft Prospectus has now been submitted to the Central Bank of Ireland for review.


The Company has raised third party capital to finance the cost of establishing SynerGIS and launching the SynergisBond; GIS will, however, at all times remain the majority shareholder in SynerGIS. Martin Davison, a Non-Executive Director of Octagonal, who will act as an executive Director of SynerGIS was a co-founder of the business and has been issued 12.5% of the SynerGIS equity (the "Transaction"). This constitutes a related party transaction under the AIM Rules and accordingly, the independent directors of the Company, being the Board excluding Martin Davison, having consulted with the Company's Nominated Adviser, confirm this Transaction is fair and reasonable insofar as the Company's shareholders are concerned.


The Company will update Shareholders when SynerGIS is in a position to publish the Prospectus in connection with the SynergisBond and when matters further progress.


John Gunn CEO commented:


"The submission of the Prospectus to the Central Bank of Ireland is the result of a year's work and analysis by GIS. Substantial due diligence has been undertaken including market, competitor and risk analysis. We have engaged both Solicitors and expert legal Counsel opinion to create a robust and compliant structure for the SynergisBond and the Issuer, SynerGIS. The structure allows investors in the SynergisBond to receive attractive rates of interest for investment grade debt, while GIS will be able to make use of the capital deposited with the Company by SynerGIS to support our existing treasury function and develop other prudent asset backed lending opportunities. This will create a symbiotic relationship between GIS and investors in the SynergisBond, with increased levels of interest for the depositor and enhanced earnings for the Company. The project is true to both the ethos of the Company to serve its clients and its commitment to its shareholders to maintain the strategy of developing new business lines through operational leverage to enhance earnings. We would hope to be able to provide a further update before the end of the financial year."


Grant Roberts, Chairman commented:

"This is a further example of the Company seeking organic growth through utilising pre-existing GIS services to expand our overall product offering into the general commercial lending space and providing additional future revenue stream based on the success of the business. The board and I are very excited by this new business and its potential future prospects; we thank Martin and his team for their efforts to date and wish them every success."


This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.



For further information please visit or contact:


Octagonal Plc

+44 (0) 20 7048 9400

John Gunn, CEO




Beaumont Cornish Limited (Nominated Adviser and Broker)

James Biddle / Roland Cornish

+44 (0) 20 7628 3396



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

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