Krm22 Plc Regulatory News (KRM)

KRM22 plc

("KRM22", the "Group" or the "Company")

New Customer Contracts

ARR for KRM22 plc up to £7.3m

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, is pleased to announce the signing of two new customer contracts for the Limits Manager application.

The two new contracts cover a period of two and three years respectively, with a combined value of £0.8m over the life of the contracts, represent cross sales with two existing major Futures Commission Merchants ("FCMs"); further highlighting the value of KRM22's integrated applications. Since the launch of the Limits Manager application in early 2022, KRM22 now has 10 FCMs contracted to use the application totalling £1.6m in ARR.

Following the announcement of these contracts, and as at the date of this announcement, the Group's ARR has seen a net increase, after accounting for the aforementioned new contracts, by £0.3m to £7.3m. This underpins revenue forecasts for the year and is in line with existing market forecasts to reach £7.9m ARR by the end of 2025.

Dan Carter, CEO commented: "These new contract wins for Limits Manager demonstrate the continued demand for KRM22's enhanced risk solutions. With ARR increasing to £7.3m, we remain on track to achieve our end-of-year target and progress towards building a cash-generative, profitable business."

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The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com