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Update on New Business Initiative

21 Nov 2017 07:00

RNS Number : 0340X
Octagonal PLC
21 November 2017
 

21 November 2017

Octagonal plc

("Octagonal" or the "Company")

 

Octagonal PLC to launch consumer investment bond offering via SynerGIS

Octagonal announces soft launch of the SynerGIS bond offering through subsidiary Global Investment Strategy UK Ltd - now available for pre-registration

 

Octagonal PLC (AIM: OCT), is pleased to announce, the soft launch of the SynerGIS consumer investment bonds - backed by majority owned parent company, Global Investment Strategy UK Ltd ("GIS"), its wholly owned subsidiary.

The offering - a fixed-rate, fixed-term bond for UK resident consumers, savers and investors - is expected to launch early 2018. As of today, investors can register and open their accounts: https://www.synergisbonds.com/

The key highlights of the product:

· A fixed-rate, fixed-term bond for UK resident savers and investors

· Bonds are available via ISA as GIS is an HMRC registered manager

· Operating with low overheads, while using the experience and support of parent company GIS as an established financial institution, allows SynerGIS to be innovatively agile - offering exceptional levels of investment security with highly competitive returns

· Consumers will be able to invest a minimum of £1,000, up to a maximum of £250,000

· GIS is a participant in the Financial Services Compensation Scheme

John Gunn, Chairman and CEO of Octagonal comments:

"We see a lot of opportunity in the marketplace to cater to consumers who find savings deposits and ISA rates unattractively low, yet don't feel that their money will be safe with the alternative new market entrants. Our key competitive advantage lies in our ability to build on a decade of experience and know-how in wealth management operations. We are able to use the existing expertise, infrastructure and processes of GIS, keeping the overheads low and thus being able to invest in low risk, high quality assets to deliver attractive returns without taking any unnecessary risks. Unlike some of our competitors, we have been in the market for over a decade, and are able to benefit from a profitable, healthy core business."

-ENDS-

For further information please visit www.octagonalplc.com or contact:

Octagonal Plc

+44 (0) 20 7048 9400

John Gunn, CEO

 

 

 

Beaumont Cornish Limited (Nominated Adviser and Broker)

James Biddle / Roland Cornish

+44 (0) 20 7628 3396

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODBIBDBDSDBGRG
Date   Source Headline
30th Nov 20122:39 pmPRNHolding(s) in Company
26th Nov 20127:00 amPRNDisposal of Sure-Track Europe Limited
24th Oct 20123:04 pmPRNFurther re Eastern European Post Office Tender
18th Oct 20127:00 amPRNFurther re Disposal of Sure-Track Europe Limited
9th Oct 20122:05 pmPRNFurther re Disposal of Sure-Track Europe Limited
3rd Sep 201210:24 amPRNHolding(s) in Company
30th Aug 201210:58 amPRNResult of AGM
31st Jul 20123:42 pmPRNAnnual Financial Report
31st Jul 20127:00 amPRNFinal Results
18th Jun 20127:00 amPRNHolding(s) in Company
10th Apr 201210:32 amPRNHolding(s) in Company
7th Mar 20125:21 pmPRNHolding(s) in Company
7th Mar 20123:58 pmPRNChange of Registered Office
5th Mar 201210:59 amPRNDisposal of Sure-Track Europe Limited
2nd Mar 20124:56 pmPRNHolding(s) in Company
16th Feb 20127:00 amPRNDisposal
23rd Dec 20117:00 amPRNMajor Order
10th Oct 20117:00 amPRNNew Accounting Ref Date
16th Aug 201112:34 pmPRNHolding(s) in Company
29th Jul 20112:48 pmPRNResult of AGM
27th Jul 20117:00 amPRNIssue of Equity
11th Jul 201111:11 amPRNAvailability of Report & Accounts and Notice of AGM
22nd Jun 20117:00 amPRNThatcham Category 7 Accreditation Awarded
16th Jun 20117:32 amPRNFinal Results
19th May 201112:43 pmPRNNotice of Results
27th Apr 20117:00 amPRNDirectorate Change
23rd Feb 20119:32 amPRNHolding(s) in Company
14th Feb 20117:00 amPRNDirectorate Change & Director Shareholdings
11th Feb 20117:00 amPRNTrading Update
10th Dec 20101:20 pmPRNHolding(s) in Company
25th Nov 20103:18 pmPRNDirector/PDMR Shareholding
3rd Nov 201011:33 amPRNHolding(s) in Company
29th Oct 20108:52 amPRNCorrection: Half-yearly Report
29th Oct 20107:00 amPRNHalf-yearly Report
31st Aug 201012:42 pmPRNTotal Voting Rights
3rd Aug 20107:00 amPRNAdmission to trading on AIM
3rd Aug 20107:00 amPRNAdmission to trading on AIM

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