Beeks Financial Cloud Group PLC Acquisition of proposed new headquarters (3251L)

TIDMBKS

RNS Number : 3251L

Beeks Financial Cloud Group PLC

09 September 2021

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Acquisition of proposed new headquarters

9 September 2021 -- Beeks Financial Cloud Group Plc (AIM: BKS) , a cloud computing and connectivity provider for financial markets, is pleased to announce that it has acquired new premises for the Company headquarters.

Beeks headquarters will move from the existing leased office of the Lumina Building to the nearby Riverside Building in Riverside Business Park, King's Inch Road, Braehead PA4 8YU in early 2022, following two years at the Company's current address, during which time the business has grown considerably. With approximately three times the square footage, these larger premises will provide the necessary space to fulfil the Company's growth potential. Consideration for the property was GBP2.1 million, payable to Braehead Park Estates Limited, which was funded out of existing Company cash balances and available debt facililties. There are no profits or losses attributable to the property pursuant to the acquisiton.

Beeks will confirm the change in the Company's registered office address in due course.

For further information please contact:

 
 Beeks Financial Cloud Group plc 
 Gordon McArthur, CEO                                  via Alma PR 
 Fraser McDonald, CFO 
                                                       [phone] 
 Canaccord Genuity                                      8000 
 Adam James 
 Alma PR                                               [phone] 
 Caroline Forde / H ilary Buchanan / Joe Pederzolli 
 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 19 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit: www.beeksfinancialcloud.com

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September 09, 2021 11:54 ET (15:54 GMT)