Octagonal PLC Update on New Business Initiative (0340X)

TIDMOCT

RNS Number : 0340X

Octagonal PLC

21 November 2017

21 November 2017

Octagonal plc

("Octagonal" or the "Company")

Octagonal PLC to launch consumer investment bond offering via SynerGIS

Octagonal announces soft launch of the SynerGIS bond offering through subsidiary Global Investment Strategy UK Ltd - now available for pre-registration

Octagonal PLC (AIM: OCT), is pleased to announce, the soft launch of the SynerGIS consumer investment bonds - backed by majority owned parent company, Global Investment Strategy UK Ltd ("GIS"), its wholly owned subsidiary.

The offering - a fixed-rate, fixed-term bond for UK resident consumers, savers and investors - is expected to launch early 2018. As of today, investors can register and open their accounts: https://www.synergisbonds.com/

The key highlights of the product:

   --     A fixed-rate, fixed-term bond for UK resident savers and investors 
   --     Bonds are available via ISA as GIS is an HMRC registered manager 

-- Operating with low overheads, while using the experience and support of parent company GIS as an established financial institution, allows SynerGIS to be innovatively agile - offering exceptional levels of investment security with highly competitive returns

   --     Consumers will be able to invest a minimum of GBP1,000, up to a maximum of GBP250,000 
   --     GIS is a participant in the Financial Services Compensation Scheme 

John Gunn, Chairman and CEO of Octagonal comments:

"We see a lot of opportunity in the marketplace to cater to consumers who find savings deposits and ISA rates unattractively low, yet don't feel that their money will be safe with the alternative new market entrants. Our key competitive advantage lies in our ability to build on a decade of experience and know-how in wealth management operations. We are able to use the existing expertise, infrastructure and processes of GIS, keeping the overheads low and thus being able to invest in low risk, high quality assets to deliver attractive returns without taking any unnecessary risks. Unlike some of our competitors, we have been in the market for over a decade, and are able to benefit from a profitable, healthy core business."

-ENDS-

For further information please visit www.octagonalplc.com or contact:

 
                                        +44 (0) 20 
 Octagonal Plc                           7048 9400 
 John Gunn, CEO 
 
 Beaumont Cornish Limited (Nominated 
  Adviser and Broker)                   +44 (0) 20 
  James Biddle / Roland Cornish          7628 3396 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 21, 2017 02:00 ET (07:00 GMT)