Share Name Share Symbol Market Type Share ISIN Share Description
Angelfish Investments plc NEX:ANGP NEX Ordinary Share GB00B28HZ894
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.025 0.02 0.04 0.025 0.025 0.025 0.00 07:55:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Angelfish Investments Plc Update on Investment

02/01/2019 4:37pm

UK Regulatory (RNS & others)


 
TIDMANGP 
 
Angelfish Investments plc ("Angelfish" or "the Company") 
 
                             Update on Investment 
 
                                 2 January 2019 
 
The Directors of Angelfish announce the following update on its investment in 
Wallet Ads Limited ("Wallet Ads"). 
 
On 9 August 2018, Angelfish announced that it had subscribed for GBP150,000 
convertible loan notes issued by Wallet Ads.  The loan was drawn down in 
instalments and following the final instalment on 31 December 2018, the full 
amount of the loan has been converted into equity representing 20% of the 
ordinary share capital of Wallet Ads, in accordance with the terms of the loan. 
 
Mark Hadleigh, CEO and Founder of Wallet Ads commented: "Wallet Ads has 
continued to develop its Mobile Engagement Platform. Further improvements to 
our technology stack will allow us to offer totally dedicated resources to each 
of our clients.  We can now deliver over 10 million fully personalised pass 
updates per hour for every campaign.  More importantly, we can update hundreds 
of campaigns at these incredible speeds, at the same time.  As we progress from 
our early pilot schemes into our full launch phase, Wallet Ads is positioned as 
a premium service provider in the Mobile Engagement Market. I am delighted by 
the commitment to Wallet Ads demonstrated by today's announcement and to be 
working with Angelfish to grow Wallet Ads within the UK and Internationally." 
 
Richard Walker, director of Angelfish commented : "Angelfish are delighted to 
obtain an equity holding in Wallet Ads ahead of the company's roll out in 2019. 
Since our initial funding, the Wallet Ads management have made significant 
progress in developing the technology behind the model in addition to 
generating positive feedback from its early pilot scheme with Printworks 
Manchester and attracting interest from leading payment terminal companies." 
 
Further updates on Wallet Ads will be made as they become available. 
 
This announcement contains information which, prior to its disclosure, was 
inside information for the purposes of Article 7 of EU Regulation 596/2014. 
 
The directors of the Company take responsibility for this announcement. 
 
                                    -ENDS- 
 
Enquiries: 
 
Angelfish Investments Plc                     +44 (0)7771 013116 
Richard Walker 
Director 
 
Cairn Financial Advisers LLP               +44 (0)207 213 0880 
NEX Exchange Corporate Adviser 
David Coffman / Richard Nash 
 
About Angelfish Investments plc 
 
The Company's Ordinary Shares and Preference Shares are admitted to trading on 
the NEX Exchange Growth Market in London. The Company has the trading symbol 
ANGP for its Ordinary Shares and the trading symbol ANGS for its Preference 
Shares. 
 
 
 
END 
 

(END) Dow Jones Newswires

January 02, 2019 11:37 ET (16:37 GMT)

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