Octagonal PLC Update on New Business Initiative (0340X)
21 November 2017 - 6:00PM
UK Regulatory
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
END
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