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Further re Investment in Global Investment Strategy

10th Apr 2014 07:00

OCTAGONAL PLC - Further re Investment in Global Investment Strategy

OCTAGONAL PLC - Further re Investment in Global Investment Strategy

PR Newswire

London, April 9

10 April 2014 Octagonal Plc ("Octagonal" or the "Company") Completion of acquisition of GIS Octagonal Plc (LSE AIM: OCT) announces that the transaction to acquire 9.97% ofLondon headquartered Institutional custodial and clearing specialist GlobalInvestment Strategy UK Ltd ("GIS"), as announced on 27 March 2014, has now beencompleted. For the month of March 2014, GIS settled over 8,000 transactions for itscustody clients with a settlement value exceeding £1 billion. During thisperiod GIS also processed over 30 new account openings. 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. For further information, contact: Octagonal plcDonald Strang/Hamish Harris +44 (0) 207 440 0640 Sanlam Securities UK LimitedSimon Clements/Catherine Miles/Virginia Bull +44 (0) 207 628 2200 Public RelationsSquare 1 ConsultingDavid Bick/Mark Longson +44 (0) 207 929 5599

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