11 June 2014
Octagonal plc
Update on GIS
Octagonal Plc (AIM: OCT), the investment company whose principal investment is
a 9.97% in global custody and clearing company, Global Investment Strategy UK
Ltd ("GIS"), announces strong operational performance for GIS for the 2 month
period 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 safe
custody 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 offer
a broad scope of settlement, custody, banking, broking and advisory services to
professional, retail, corporate and eligible counterparty clients. GIS has over
100 counterparty relationships including most major international investments
banks 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 we
can offer our existing and developing client base. Our core activities remain
robust."
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Enquiries:
Octagonal plc +44 (0) 20 7440 0640
Donald Strang
Hamish Harris
Cairn Financial Advisers LLP +44 (0) 20 7148 7900
Nominated Adviser and Broker
James Caithie / Jo Turner / Carolyn
Sansom
Square Consulting +44 (0) 20 7929 5599
Public Relations
David Bick/ Mark Longson
