Iconic Labs Regulatory News (ICON)

24 June 2019

WideCells Group PLC ("WideCells" or the "Company")

Notice of General Meeting and Proposed Change of Name to Iconic Labs PLC

WideCells Group PLC announces that it is proposing to change the name of the Company to "Iconic Labs PLC", which is more appropriate for the Company's new business strategy, and to adopt new articles of association.

Resolutions to change the name of the Company and to adopt the new articles of association, in substitution for and to the exclusion of the existing articles of association, will be proposed at a General Meeting ("GM") to be held at the offices of finnCap, 60 New Broad St, London EC2M 1JJ at 11.00am on Wednesday 10 July 2019.

Iconic Labs is a new media and technology business, which is focused on providing online marketing, content and technology-driven products. The Company, which is led by John Quinlan and Liam Harrington, who were founders and key drivers behind UNILAD, the world's largest social media publisher, has successfully tried, tested and soft launched its initial media and advertising focused agency model.

Since the team joined the Company in March 2019, it has made strong progress in establishing its offering and building out its presence within the new media marketing space.

A notice of the GM setting out full details of the name change has been posted to shareholders and will shortly be available on the Company's website: www.iconiclabs.co.uk 

Executive Chairman, David Sefton, said: "We have made excellent progress in restructuring the business which, when complete and combined with the approval of the proposed name change, will enable us to direct our energies towards a formal launch of Iconic Labs and the realisation of its full potential.

"The soft launch of the Company has already got off to a promising start - earlier this month, we commenced work on a consulting and marketing services engagement with a UK-based financial services business (see RNS dated 3 June 2019). This engagement is on a long-term retainer basis, with initial revenues over the first year expected to exceed £1 million, with the potential for material increases.

"I look forward to building on this initial traction through winning further contracts and establishing Iconic Labs as a trailblazer for offering marketing services at the cutting-edge of technology and embracing change to create new products, while at the same time, remaining focused on our cash-flow driven business model and delivering value for shareholders."

Chief Executive Officer, John Quinlan, said: "We are hugely excited to be approaching the official launch of Iconic Labs and have been working hard behind the scenes to ensure that we are ready to hit the ground running.

"We have received considerable interest to date and are confident that the new business and acquisition pipeline already generated is set to grow rapidly as we broaden the commercial marketing strategy of the Company.

"We have an aggressive growth strategy, including making targeted acquisitions, and in the short-term we remain focused on establishing a solid client base of forward-thinking companies keen to embrace change and technology to improve their direct to consumer and marketing approach."

**ENDS**