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Update on GIS

12 Jan 2015 10:40

OCTAGONAL PLC - Update on GIS

OCTAGONAL PLC - Update on GIS

PR Newswire

London, January 12

12 January 2015 Octagonal plc Update on GIS Octagonal Plc (AIM: OCT), the investment company whose principal investment isa 9.97% in global custody and clearing company, Global Investment Strategy UKLtd ("GIS"), announces a solid operational performance for GIS for the quarterended 31 December 2014. Trading Summary Update - GIS * Settlement values for the quarter exceed US$4 billion (approximately £2.6 billion), up 98% from the US$2.04 billion (approximately £1.35 billion) for the same period last year. * Total settled transactions for the quarter exceeded 17,700, up 7% from the 16,544 settlements for the same period last year. * GIS have continued expanding its global client base with an additional 72 clients signing up this quarter. 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 are encouraged that GIS continues to grow through these challenging timesof global political and economic uncertainties. GIS 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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