13 Aug 2020 12:26
Two Shields Investments plc
("TSI", or the "Company")
WeShop Update
Two Shields Investments plc, the AIM quoted investment company with a strategy to build a high-quality portfolio of investments in fast growing and scalable digital and technology enabled businesses, is pleased to announce that WeShop Limited ("WeShop") has appointed Yoav Keren to its Board as a Non-Executive Director. TSI has a 10.7% holding in WeShop. Yoav Keren is the CEO of BrandShield Limited ("BrandShield") in which TSI holds an 11.34% stake alongside a $1.8m Convertible Loan Note.
The appointment of Mr Keren follows the global partnership agreement between BrandShield and WeShop announced by TSI in September 2019. The partnership focusses on the co-development of a global product, merchant and user verification proposition for social ecommerce. This will protect users from fraudulent online merchants, counterfeit product offerings and fake user accounts together with protecting brands from counterfeiting and trademark infringement. WeShop intends to integrate the verification proposition into its B2C and B2B offering across over 100 million products in the UK alone within various marketplaces, further enhancing its credentials as a leading social commerce platform.
Andrew Lawley, Chairman of TSI said:
"The appointment of Yoav to the Board of WeShop highlights the developing relationships and the deepening of the commercial partnership between our two core investee companies. As WeShop pushes forwards with its launch, Yoav's experience in driving BrandShield through impressive annual recurring revenue growth and the scaling of its client base will be invaluable. It should also hasten the relationships required in rolling out the joint, consumer focused fraud protection tools that are so relevant in this era of increasing threat to businesses and consumers as a result of large spikes in online fraud, phishing and counterfeit activities."
For further information please visit https://twoshields.co.uk/ or contact:
Andrew Lawley | Two Shields Investments plc | Tel: +44 (0)20 3143 8300
|
Neil Baldwin / Andrew Emmott | Spark Advisory Partners Limited (Nominated Adviser)
| +44 (0) 20 3368 3554 |
Andy Thacker | Turner Pope Investments (TPI) Ltd (Brokers)
| +44 (0) 20 3621 4120 |
Notes to Editors:
Two Shields Investments plc, the AIM quoted investment company with a strategy to build a portfolio of high-quality investments in fast growing, scalable digital and technology enabled businesses, including those in the cyber security, e-commerce services and consumer sectors. The Company has appointed an experienced Board of Directors with a proven pedigree in the origination, acquisition, development & sale of projects and creating value for shareholders. The investment mandate covers unquoted and quoted businesses, as well as direct project investment. Where appropriate the Board will apply its extensive combined experience to directly support investee businesses achieve their growth potential.
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