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Update on GIS Investment

15 Apr 2015 07:00

OCTAGONAL PLC - Update on GIS Investment

OCTAGONAL PLC - Update on GIS Investment

PR Newswire

London, April 14

15 April 2015 Octagonal plc Update on GIS Investment Octagonal Plc (AIM: OCT), the investment company whose principal investment isa 9.97% equity holding in global custody and clearing company, GlobalInvestment Strategy UK Ltd ("GIS"), announces strong operational performanceand growth for GIS for the quarter ended 31 March 2015. Quarter Trading Summary Update - GIS * 55.9% increase in settlement values for the quarter, with settlement values exceeding US$6.3 billion (approximately £4.3 billion at 1.462 exchange rate of 14/04/15), up from the US$4.1 billion (approximately £2.8 billion) for the same period last year. * 32.7% increase in total settled transactions for the quarter, with total transactions exceeding 23,000, up from the 17,664 settlements for the same period last year. About GIS: GIS's main business activities are focused on global settlement and safecustody services for global hedge funds and family wealth offices. GIS is a London Stock Exchange member firm and is regulated by the FCA to offera broad scope of settlement, custody, banking, broking and advisory services toprofessional, retail, corporate and eligible counterparty clients. GIS has over100 counterparty relationships including most major international investmentsbanks transacting in the UK. Donald Strang, Octagonal's Chairman, commented; "We continue to see very strong growth from GIS as it continues to attract newclients seeking its bespoke London-based financial platforms." Enquiries: Octagonal plc +44 (0) 20 7440 0640Donald StrangJason BerryDavid Lenigas Cairn Financial Advisers LLP +44 (0) 20 7148 7900Nominated Adviser and BrokerJames Caithie / Jo Turner / Carolyn Sansom Square Consulting +44 (0) 20 7929 5599Public RelationsDavid Bick/ Mark Longson
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