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Update on GIS

11 Jun 2014 07:00

OCTAGONAL PLC - Update on GIS

OCTAGONAL PLC - Update on GIS

PR Newswire

London, June 10

11 June 2014 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 strong operational performance for GIS for the 2 monthperiod for April and May 2014. Trading update * Total settled transactions for the combined months of April and May exceeded 12,000; * Settlement values for the two months exceed £1.6 billion. * GIS launches mini prime broker service for its global hedge fund clients. * GIS appointed investment advisor for the Seachange Capital Absolute Fund, a Cayman Islands-incorporated fund specialising in on-exchange option trading. About GIS: GIS's main business activities are focused on global settlement and safecustody services for over 300 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. 2 month trading update for GIS provided by its management: "We see continued opportunity for growth by developing the range of services wecan offer our existing and developing client base. Our core activities remainrobust." -END- Enquiries: Octagonal plc +44 (0) 20 7440 0640Donald StrangHamish Harris Cairn Financial Advisers LLP +44 (0) 20 7148 7900Nominated Adviser and BrokerJames Caithie / Jo Turner / CarolynSansom Square Consulting +44 (0) 20 7929 5599Public RelationsDavid Bick/ Mark Longson
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