5th Nov 2014 07:00
OCTAGONAL PLC - Update on GISOCTAGONAL PLC - Update on GIS
PR Newswire
London, November 4
5 November 2014 Octagonal plc ("Octagonal") Update on GIS Octagonal Plc (AIM: OCT), the investment company whose principal investment isa 9.97% equity stake in global custody and clearing company, Global InvestmentStrategy UK Ltd ("GIS"), announces continuing strong operational performancefrom GIS for the quarter ended 30 September 2014. Trading Summary Update - GIS * Settlement values for the quarter exceed US$3.9 billion (approximately £2.4 billion), up 322% from the US$924 million (approximately £577 million) for the same period last year. * Total settled transactions for the quarter exceeded 15,000, up 84% from the 8,142 settlements for the same period last year. * GIS signed up over 40 new client accounts during the quarter. About GIS: GIS's main business activities are focused on global settlement and safecustody services for 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. Donald Strang, Octagonal's Chairman, commented; "Octagonal is seeing continued strong year-on-year growth in the GIS business,especially considering the northern Hemisphere Summer is historically one ofthe quietest quarters during the year." Enquiries: Octagonal plc +44 (0) 20 7440 0640Donald StrangJason BerryDavid Lenigas Cairn Financial Advisers LLP +44 (0) 20 7148 7900Nominated Adviser and BrokerJames Caithie / Jo Turner / Carolyn Sansom Square Consulting +44 (0) 20 7929 5599Public RelationsDavid Bick/ Mark Longson
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