Honye Financial Services Ltd Signing of Appointed Representative Agreement (0005E)
08 March 2022 - 6:58PM
UK Regulatory
TIDMHOYE
RNS Number : 0005E
Honye Financial Services Ltd
08 March 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE
SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
Embargoed for release at 7am on 8 March 2022
8 March 2022
Honye Financial Services Ltd
(the "Company" or "Honye")
Signing of Appointed Representative Agreement
Honye Financial Services Ltd. is pleased to announce that,
through its newly-incorporated wholly owned subsidiary Honye
Trading Limited, it has signed an Appointed Representative and Tied
Agent Agreement (the "Appointed Representative Agreement") with an
established London-based asset management firm ("the
Principal").
Subject to the Principal completing its on-boarding process,
Honye Trading Limited will be added to the FCA Register as the
Principal's appointed representative (the "Appointment"). It is
expected that the Appointment will become effective
contemporaneously with completion of the Company's acquisition of
Zoyo Capital Limited and re-admission ("RTO"). With the Appointment
in place, the Company will seek to generate revenue from a
Zoyo-branded white-labelled mobile application whilst conducting
further R&D on its own stand-alone application and applying for
full FCA authorisation with the objective of eventually replacing
the white-labelled solution.
Chairman's comments:
"We are pleased to announce the next step on the path towards
setting up and running an equity trading mobile application. This
approach will enable us to commence trading within a matter of
weeks of the RTO, generating revenue and raising brand awareness of
the Zoyo name many months earlier than would otherwise be the
case."
A further announcement will be made in due course
-Ends-
Further information:
Honye Financial Services Ltd
Gareth Edwards (garethmedwards1@gmail.com)
Peterhouse Capital Limited (sole broker)
Lucy Williams/Mark Anwyl +44 207 469 0930
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END
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