Member Info for DANI881

RNS Number : 9793P Octagonal PLC 12 June 2015 ? Octagonal Plc / Index: AIM / TIDM: OCT 7.00am on 12 June 2015 Octagonal Plc ('Octagonal' or the 'Company') Proposed Acquisition of Global Investment Strategy Proposed change of Board Share Reorganisation Posting of AIM Admission Document to Shareholders Notice of General Meeting Change of Nominated Adviser and Broker Octagonal, the AIM traded investing company focused on opportunities within the financial services' sector, is pleased to announce that, following the Company's announcement on 10 April 2014 that it had completed the acquisition of a 9.97 per cent. interest in Global Investment Strategy UK Limited (''Global Investment Strategy'' or ''GIS''), the Company today announces it has entered into conditional agreements to acquire the issued share capital of GIS that it does not currently own. The Acquisition, which is in line with the Company's investing policy will, however, result in a fundamental change in the business of the Company and will constitute a reverse takeover under the AIM Rules. As a consequence, the Directors are seeking Shareholder approval for the Acquisition at the General Meeting, notice of which is set out at the end of this announcement. The Company's Admission document has been posted to Shareholders overnight. Should the Acquisition complete, the Enlarged Group will become a financial services company, which provides settlement and safe custody services to smaller institutional funds, family wealth offices and high net worth investors along with other ancillary services. Global Investment Strategy is a financial services business offering a wide range of services to institutional, family office and high net worth clients. Its main business activities, accounting for approximately 80 per cent. of its 2014 turnover, focuses on providing global settlement and safe custody services for institutional clients, family wealth offices and high net worth individuals which it has been offering in its current form since 2011. It also offers a range of stockbroking services, including execution-only trading, discretionary fund management, direct market access online trading, equity capital markets, corporate finance and corporate broking. GIS's global settlement and safe custody clearing business alone currently transacts for over 600 clients, including global hedge funds and family wealth offices. GIS manages on average over 6,000 transactions per month with quarterly settlement values exceeding £2 billion on behalf of global institutional accounts. In conjunction with the Acquisition, the Company has raised £1,700,000 (before expenses) by means of the Subscription which will be used to part fund the Acquisition and for general working capital requirements. Again and in conjunction with the Acquisition the Company proposes to change the Board, further details of which are se

Now

say auction takes place 16-21 june....not long now

Gemfields discovers exceptionally rare pair of matching Mozambican rubies, totalling 45 carats, ahead of forthcoming ruby auction Tuesday 9th June, London, UK – Gemfields, the world’s leading supplier of responsibly sourced coloured gemstones, has discovered an exceptionally rare pair of matching rubies from its Montepuez ruby mine in Mozambique. With a combined weight of 45 carats, the two rough rubies will now form one of the highlights at the company’s much-anticipated ruby auction in Singapore next week. This extraordinary find follows the discovery of the 40 carat ‘Rhino Ruby’ last year at the Montepuez deposit, which at 340 square kilometres, is thought to be one the most significant ruby mining concessions in the world today. Importantly, several independent gemmological laboratories have confirmed that certain Mozambican rubies display the legendary “pigeon blood” colour previously reserved for rubies from Burma. Ian Harebottle, CEO of Gemfields, said: “It is extremely rare to find two matching rubies of this size, colour and quality. Their discovery underscores the importance of the Montepuez deposit as a source of some of the highest quality rubies the world has seen in generations. If this remarkable matching pair was to make it to the Paris Biennale in 2016 they would simply steal the show!” The Gemfields auction of higher-grade uncut rubies takes place from 16-21 June 2015 in Singapore. The coloured gemstone market has seen several records broken in recent months. Most notably, a 25.59 carat Burmese ruby sold at Sotheby’s in Geneva for US$ 30.3 million, making it the most expensive ruby ever sold at auction and setting a ruby world record of almost US$ 1.2 million per carat.

might be on its way

in june also due any day now

up if you have funds

me and you know about this company....i see blue days up to results is the norm

on news...patience is a virtue

excellent....thanks ericeric....i see alot of people getting in before results.

Start...ericeric based on your information auction start on 16th june that makes it 4 days to auction...is that right?. great time to be in here i would say

today

gems on the way to auction...9 days to go

for cash and does anyone expect a rights issue anytime?

prices

Before the americans open....if we get 15 million in volume today....i would estimate we could finish at 0.50p today

all i have to say is amaze balls...but i didn't have the balls

on the move

approaching 10 million now and majority buys....tick up due

up...expect a strong finish and await the americans to get in too