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RNS Number : 4552D

Croma Security Solutions Group PLC

27 April 2017

 

Croma Security Solutions Group Plc

("CSSG", the "Company" or the "Group")

New Contract Wins

 

CSSG, the AIM listed total security services provider, is pleased to announce three new contract wins for its unique Fastvein technology. Two of the orders relate to the education sector and the third to a consortium of highways contractors. All have chosen Fastvein as their technology of choice for identity management and access control. The orders total £300,000 over the next year.

Commenting on the contract wins, Sebastian Morley, Chairman of CSSG, said: 

"We are delighted to have won these contracts after our clients had run a rigorous round of trials and tests with competitors' products. Fastvein is expanding its reach and clients are beginning to realise its full potential in identity management. Introducing disruptive technology is a long process but Fastvein is gaining vigorous momentum and we look forward to updating the market on further progress as appropriate."

Enquiries:

Croma Security Solutions Group Plc                                                                                                                   07768 006 909

Sebastian Morley (Chairman)

 

WH Ireland                                                                                                                                                            0207 220 1666

(Nominated Adviser and broker)

Paul Shackleton

Nick Prowting

 

This information is provided by RNS

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RNS Number : 5137D

The Mission Marketing Group PLC

27 April 2017

 

 

 

The Mission Marketing Group plc

Acquisition of RJW & Partners

 

 

The Mission Marketing Group plc ('the missiontm', "the Company", AIM: TMMG), the marketing communications and advertising group, is pleased to announce that it has acquired RJW & Partners Ltd ('RJW'), a company providing consultancy services to the pharmaceutical and medical devices industries, working in pricing, market access and payer communications. Initial consideration is £1.75m for the business and £0.23m for cash balances held.  £1.88m is payable in cash and £0.1m will be satisfied through the issue of 237,117 new ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"). Further consideration of up to £4.25m is payable subject to financial performance in 2017, 2018, 2019, and 2020, of which 5% is payable in shares and 95% payable in cash.

 

About RJW

 

Established in 2008, RJW is a UK-based consultancy with around 30 employees and external consultants who specialise in pricing and market access strategy, tactics and communications in all major markets and world regions. The Company works with a wide range of clients in the pharmaceutical sector, including AstraZeneca, Shire and Novartis.  RJW will operate as part of Mission Healthcare, adding an important and new global market access capability to the missiontm's existing skills in medical communications. 

 

In the 12 months to 31 March 2016, RJW had a turnover of £1.6 million, profits of £0.4 million and at 31 March 2016, had total assets of £0.2 million.

 

Commenting, David Morgan, Executive Chairman of the missiontm said:

 

"I am delighted to welcome RJW to the missiontm portfolio. The addition of RJW provides us with a world-class team in the fast-growing specialism of pricing and market access.

 

We are confident that the addition of this capability to our strong marketing communication credentials will provide an enormously compelling Healthcare offer for existing and new Clients alike. We look to the future of Mission Healthcare with great excitement."

 

Neil Johnson, Director of RJW said:

 

"We are extremely pleased to be joining the missiontm Healthcare team. We are convinced that in the missiontm we have found the perfect partner with which to grow."

 

Application has been made for the 237,117 new Ordinary Shares issued as initial consideration, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, to be admitted to trading on AIM, which is expected to be effective from 8.00 am on 4 May 2017.  Subsequent to the issue of these new Ordinary Shares, the total issued share capital of the Company will be 84,357,351 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, after Admission, the total number of voting rights in the Company will be 84,357,351.

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

 

Enquiries:
The Mission Marketing Group plc	020 7462 1415
David Morgan, Executive Chairman Peter Fitzwilliam, Finance Director
finnCap Limited	020 7220 0500
Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking)

 

the missiontm is a network of entrepreneurial marketing communications Agencies employing 1,000 people in the UK, Asia and US. The Group comprises three divisions: Integrated Generalists, Sector Specialists and Activity Specialists, which work together to provide Clients with the expertise and resource to make them more successful in today's challenging environment.

 

www.themission.co.uk

 

This information is provided by RNS

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RNS Number : 3165D

Microsaic Systems plc

26 April 2017

 

26 April 2017

 

Microsaic Systems plc

("Microsaic", "Microsaic Systems" or the "Company")

 

Integration with SCPA chromatography software

 

Microsaic Systems plc (AIM: MSYS), the developer of chip-based mass spectrometry instruments, is pleased to announce its collaboration with SCPA GmbH ("SCPA"), and the integration of Microsaic's 4000 MiD® compact mass spectrometer with SCPA's universal PrepCon 5 preparative data and control software.

 

The PrepCon 5 software can now be used in conjunction with the 4000 MiD® to control all functional aspects of the instrument's operation, including pumps, motor switch valves, autosamplers, detectors and fraction racks in any combination. In addition, the simple user interface allows the current status of the system to be monitored at any time.

 

Glenn Tracey, Microsaic's Chief Operating Officer, commented:

 

"The flexibility and modular structure of PrepCon 5 allows it to be adapted to any user's system.  This universal capability enhances the usability of Microsaic's 4000 MiD® technology, particularly with non-specialist users, and appeals to the wider base of chemists wanting more deterministic approaches to their preparative work for chemical analyses." 

 

SCPA (Software für Chromatographie und Prozess-Analytik), based near Bremen, Germany, is a developer of specialist software and hardware components needed for chromatography applications in research laboratories.

 

               

Enquiries:
Microsaic Systems plc Jim Ramage, CEO Bevan Metcalf, FD	+44 (0) 1483 751577
N+1 Singer (Nominated Adviser & Broker) Shaun Dobson Liz Yong	+44 (0)20 7496 3000
Citigate Dewe Rogerson (Financial PR) Mark Swallow Marine Perrier	+44 (0)20 7638 9571

About Microsaic Systems

Microsaic Systems plc is a high technology company developing chip-based, bench-top mass spectrometry ("MS") instruments that are designed to improve the efficiency of Pharma R&D. MS is an analytical technique of choice for biochemists across many industry sectors.

 

Microsaic aims to bring routine MS analysis to the pharmaceutical scientist, providing powerful methods of analysis to enable earlier decision making relating to product identification, purity and bioactivity.

 

The Company is working with established global companies in preparative and purification science with expertise in Pharma and life sciences to co-develop new, integrated and optimised, application-specific, solutions to improve productivity in the development of small molecule and novel biologic (peptides, antibodies) medicines.

 

The Microsaic 4000 MiD®, single quadrupole, is the world's smallest MS system, retaining the functionality of larger conventional MS systems, is easier to use by non-specialists, consumes less energy and has lower running costs. The Company is also developing new MS systems, based on its patented chip technologies, to address further areas of emerging need in Pharma R&D.

 

Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in 2011 (ticker: MSYS).

 

www.microsaic.com 

 

This information is provided by RNS

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RNS Number : 4015D

Obtala Limited

26 April 2017

 

26 Apr 2017

Obtala Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

 

 

Letter of Intent to Invest in Sustainable Agriculture in Tanzania

 

Obtala Limited (AIM: OBT), the African focused agricultural and forestry company, is pleased to announce that it has signed a Letter of Intent expressing the  Company's commitment to build sustainable and inclusive business in Tanzania through investment activities associated with the Grow Africa partnership(s) in Sub-Saharan Africa.

 

The Grow Africa Partnership was founded jointly by the African Union (AU), The New Partnership for Africa's Development (NEPAD) and the World Economic Forum in 2011. Grow Africa works to increase private sector investment in agriculture, and accelerate the execution and impact of investment commitments.  Our commitment is to Grow Africa which is promoting multi-stakeholder collaboration to advance private sector investment aligned to the Government of Tanzania's agricultural development objectives, as well as the Government of Tanzania's commitment to promote a business enabling environment that provides confidence to both the domestic and international private sector to achieve these objectives.

 

Obtala currently employs around 400 people and actively seeks new partnerships to scale its operations through infrastructure upgrades, extension of its farms and development of agreements with surrounding farms.  Intense planning is underway for several major projects in Tanzania as the company transitions towards meaningful production, and deployment of its substantial assets. Addressing the issues of food security & nutrition, economic development & social impact and environmental sustainability through waste reduction will be priority.

 

Under the letter of intent, Obtala has conditionally committed to investing USD 10 million over the coming five years in new modular pack-house facility, housing of staff and training centers, scaling plantation based activities and the development of an outgrower programme, subject to sourcing of matched funding, grants, preferential loans and equity from donors, development finance institutions (DFIs) and impact investors.

 

To advance this commitment over the next 12 months, Obtala will take the following actions:

·     Invest in the first stage of a modular packhouse facility to meet increasing demand from local markets, Kenya and Middle East. 

·     Engage partners for co-financing further expansion of packhouse, development of the outgrower scheme, staff housing and training centres. 

·     Identify local and regional partners for technical assistance to identify and build capacity at local surrounding farms.

·     Collaboration with local and international Universities for upskilling, training and development of farm managers and development of a talent pipeline.

·     Engage local organizations to deliver community engagement activities (health & nutrition).

·     Further develop of national and international distribution networks. 

 

 

Miles Pelham, Chairman of Obtala, commented:

 

"Obtala intends to progress our projects in Tanzania with the collaboration and partnership of the Government of Tanzania.  The project is consistent with the investment priorities identified by the country-led Comprehensive Africa Agriculture Development Programme (CAADP) investment plans. In particular, this project aims to contribute to Tanzania.

 

"We welcome the Government of Tanzania's intent to support this investment with mechanisms for coordination with private sector, farmers, and across Government entities, that are required for a sound and sustainable policy, regulatory, administrative and enabling environment. We further welcome development partners to provide appropriate technical and financial support to accelerate implementation, helping to build policy and provide funding or grants, with the overall goal of facilitating private investment.

 

"We at Obtala are committed to be part of the agricultural transformation of Tanzania and look forward to building a long and lasting relationship with the farmers, the government, the donors, the private sector, and other players in Tanzania.   Accordingly we are pleased to submit this Letter of Intent to support and accelerate the development of Tanzania's agriculture and to improve the lives of Tanzania's farmers and citizens."

 

 

Obtala Limited Miles Pelham – Chairman Paul Dolan – CEO www.obtala.com	+44 (0)20 7099 1940
ZAI Corporate Finance Limited (Nomad)                 Peter Trevelyan-Clark / John Treacy	+44 (0)20 7060 2220
Brandon Hill Capital (Broker)      Jonathan Evans	+44 (0)20 3463 5000

 

This announcement contains information which was previously inside information for the purposes of Article 7 of EU Regulation 596/2014. 

 

This information is provided by RNS

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RNS Number : 4348D

Gresham House PLC

26 April 2017

 

 

26 April 2017

 

Gresham House Plc ("Gresham House" or "the Company")

 

(AIM: GHE)

 

Gresham House receives payment of £1.5 million from continued realisation of legacy assets

               

Gresham House plc, the specialist asset manager, is pleased to announce the receipt of £1.5 million of deferred proceeds from the sale of the Newton-le-Willows site as announced on 23 September 2015.

£1.0 million of the deferred proceeds is in line with the agreed repayment schedule and an additional £0.5 million is an early repayment, which was triggered by the purchaser selling properties at the Newton-le-Willows site quicker than anticipated.

The Kleinwort Benson Bank Limited ("Kleinwort Benson") banking facility is secured against the deferred proceeds of the sale of Newton-le-Willows and in line with this agreement, £1.5 million has been repaid to Kleinwort Benson. The Company's gross borrowing under the facility now stands at £4.4 million, alongside the gross cash position as at 31 March 2017 of £9.4 million.

Tony Dalwood, CEO of Gresham House said,

"This is the third early repayment from the purchaser and demonstrates the continued move to simplify the balance sheet through realising the legacy assets, and ahead of expectations. This also increases our confidence regarding the active sales process currently underway for our remaining five acres of land at Newton-le-Willows."

 

Enquiries:

 

Gresham House plc Anthony (Tony) Dalwood	020 3837 6270
Liberum Capital Ltd Neil Elliot Jill Li	020 3100 2000
Montfort Communications, PR Adviser Rory King	greshamhouse@montfort.london 0203 770 7906

 

 

 

This information is provided by RNS

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RNS Number : 9200C

Gunsynd PLC

21 April 2017

 

Gunsynd plc ("Gunsynd" or the "Company")

 

Sunshine Minerals Update and Further Investment

 

Gunsynd Plc (AIM: GUN, NEX: GUN) is pleased to announce that Sunshine Minerals Limited ("Sunshine") has been granted a letter of intent by the Solomon Islands Ministry of Mines  over its application for a prospecting licence over the Jejevo deposit and it is expected that a prospecting licence will be issued in due course.

 

Gunsynd has signed a subscription agreement with Sunshine to invest £200,000 by way of a convertible loan note ("Note").  The proceeds of the Note shall be used to pay for the costs relating to the issue of the prospecting licence and other costs relating to developing the resource and office costs in the Solomon Islands. 

Terms of the investment:

Gunsynd is investing £200,000 by way of the Note paying interest of 2% per annum, payable in arrears on the redemption date.  Subject to the Note not having been converted in the meantime, Gunsynd will be repaid in full 24 months from the date of issuance.  Gunsynd is entitled to serve a Conversion Notice on the Company to convert the Note into up to 1,389,583 fully paid New Shares at the Conversion Price at any time which would then equate to Gunsynd holding in total 20% of the issued shares of Sunshine.

Hamish Harris, the Company's Executive Chairman, commented:

"This is extremely pleasing news.   Funding the costs of licence applications is fraught with danger.  Many promise, very few deliver.  By obtaining the letter of intent, Sunshine are well on the way to achieving what they said they would do, and within a short timeframe.    We expect this letter of intent will be converted in to a prospecting licence in the short term, after which Sunshine will look to develop a maiden JORC resource.  Given the amount of data already available they are optimistic this will not be a long process.   They and Gunsynd are both very keen for Sunshine to achieve a listing in London.  Should it happen, we are of the belief this will achieve a particularly good outcome for Gunsynd shareholders with respect to return on investment."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

The directors of Gunsynd accept responsibility for this announcement.

 

For further information please contact:

 

Gunsynd plc

+44 (0) 20 7440 0640

Hamish Harris

 

Nominated Adviser/NEX Exchange Corporate Adviser

+44 (0) 20 7213 0880

Cairn Financial Advisers LLP

James Caithie / Liam Murray

 

Peterhouse Corporate Finance (Joint Broker)

+44 (0)20 7469 0930

Lucy Williams

This information is provided by RNS

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RNS Number : 1060C

Integumen PLC

11 April 2017

 

 

 

Integumen plc

 

("Integumen")

 

Integumen signs first supply agreement in Asia

 

Integumen (LSE: SKIN), the personal health care company developing and commercialising technology and products for the human integumentary system is pleased to announce it has signed a strategic supply agreement for an initial term of three years with Mono Dent in South Korea for its oral hygiene products, which will establish an additional income stream from this new market.

 

Mono Dent is a leading distributor of oral hygiene products to dental surgeries and dental universities in South Korea. The agreement provides Mono Dent with the exclusive rights to distribute three products under the TSpro brand within South Korea. TSpro is a disposable tongue vacuum cleaner for professional use in the dental surgery, a tongue gel and a handle which turns the tongue vacuum cleaner into a tongue scraper for home-use. All products are marketed under the original brand "TS1".

 

Opening orders have been received for the TS1 professional product. As part of the exclusive agreement, Mono Dent has committed to a sales and marketing strategy for TS1 to penetrate further the South Korean market.  South Korea has approximately 20,000 dental surgeries and is a growing market driven by medical tourism and cosmetic dental surgery.

 

 

Declan Service, CEO of Integumen, said:

 

"We are delighted to have secured our first supply agreement in Asia, and South Korea represents significant potential for future growth. TS1 is already being sold in parts of Europe and the Middle East and this agreement further validates this innovative product and our ability to enter new markets.  We are actively seeking to launch TS1 in other markets, as we focus on growing our revenues for our commercialised products."

 

 

 

Integumen plc	Declan Service, CEO	+ 353 (0) 87 770 5506
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin/Sean Wyndham-Quin	+44 (0) 113 370 8974
Turner Pope Investments (TPI) Ltd	Ben Turner/James Pope	+44 (0) 20 3621 4120
Cardew Group	Shan Shan Willenbrock David Roach	+44 (0) 20 7930 0777 integumen@cardewgroup.com

 

About RNS Reach announcements

RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

 

This information is provided by RNS

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RNS Number : 1307C

Tethyan Resources PLC

11 April 2017

 

TETHYAN RESOURCES PLC

TETHYAN RESOURCES DUE TO COMMENCE 2,000 METRE DRILLING PROGRAMME AT THE RUDNITZA PORPHYRY PROSPECT IN LATE-APRIL 2017

Tethyan Resources plc ("Tethyan" or the "Company") is pleased to announce that it has concluded an agreement with drilling contractor Drillex International d.o.o. in order to commence drilling at the Rudnitza porphyry prospect in late April 2017. The plan is to drill approximately 2,000 meters of diamond core in 3 to 4 drill holes. Drilling will be targeted at expanding the area of mineralisation where Tethyan's first drilling programme in late 2016 intersected significant copper and gold mineralisation.

As announced in January 2017, Tethyan's first drilling programme at Rudnitza in late 2016 returned highly encouraging intersections of copper and gold mineralisation commencing near surface and extending to significant depths. Highlight intersections from these drill holes include:

·     Drill hole RDD-001: 567 m @ 0.28% copper and 0.45 g/t gold from surface;

 

·     Drill hole RDD-004  356 m @ 0.38% copper and 0.31 g/t gold from 48 m 

(including 30 m @ 1.45% copper and 0.39 g/t gold from 102 m);

 

·     Drill hole RDD–003  285 m @ 0.31% copper and 0.33 g/t gold from 42 m

(including 16.7 m @ 1.55 % copper and 0.20 g/t gold from 102 m).

 

The aim of the drilling programme is to step away from and drill adjacent to these previous results in order to expand the footprint of mineralisation and test areas where mineralisation appears to be open, particularly to the north of previous drilling.

Drilling will be carried out by Serbian contractor Drillex International d.o.o. which completed a successful and highly professional programme for Tethyan in 2016, using two drill rigs and consisting of PQ and HQ size diameter core. Half core will be analysed by ALS Laboratories in Serbia and Romania. Tethyan will implement a comprehensive QAQC (quality assurance/quality control) programme including standard, duplicate and blank samples.

Tethyan holds an option over the Suva Ruda project, which includes the Rudnitza porphyry among other prospects, which gives Tethyan the exclusive right to purchase 100% of the Suva Ruda project provided that Tethyan completes certain exploration work and payment milestones (please refer to the press release dated 27th September 2016 for details). To date, Tethyan has completed all required milestones and as such the option is in good standing.

Peter Mullens, CEO of Tethyan commented "We are excited to commence drilling and build on the excellent results of 2016, which indicate to us that Rudnitza holds potential for the discovery of a significant copper-gold porphyry deposit. We expect the 2017 drill programme to expand the known extents of mineralisation as previous drilling indicates that the deposit is still open in all directions, and soil sampling has defined a surficial footprint of mineralisation extending over an area 1,400 by 600 metres. We expect to release the first assay results from this drill programme in late June 2017."

For further information please contact:

Tethyan Resources PLC	+44 1534 881 885
Peter Mullens (CEO)	pjm@tethyan-resources.com
Cairn Financial Advisers LLP	+44 (0) 207 213 0880
James Caithie / Sandy Jamieson

About Tethyan

Tethyan Resources Plc ("Tethyan Resources") is incorporated in England & Wales (company registration number 3781581) and is a gold and copper mineral exploration company. Tethyan Resources listed on AIM (TETH.L) in 2004.

Exploration is conducted in the Tethyan Belt of Eastern Europe, in particular Serbia where we are acquiring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets.

Sustainability is paramount to all Tethyan's activities. The long-term success of Tethyan Resources is connected to our ability to operate in a socially and environmentally responsible way. We are committed to proactively implement sustainable health, safety and environmental management, as well as engage with local communities and all stakeholders. Tethyan Resources' business philosophy is to adhere to good international best practice (GIIP) and implement the highest standards of corporate governance.

More information can be found on our website: www.tethyan-resources.com. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Disclaimer

This announcement does not comprise a prospectus or other form of offering document relating to Tethyan Resources plc ("the Company"), and does not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities.

The announcement does not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below.

This announcement may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company's current projects in Serbia are at an early stage and all estimates and projections are based on limited and possibly incomplete data. More work is required before geological and economic aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this announcement. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be economic.

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Neville Registrars is delighted to welcome Integumen plc as the newest addtion to its list of client companies.

Integumen is a personal health care company developing and commercialising technology and products for the human integumentary system that may improve physical appearance, hygiene and general health outcomes.

Further information can be found on the Company's website: http://www.integumen.co.uk/

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RNS Number : 4450B

Trakm8 Holdings PLC

04 April 2017

 

TRAKM8 HOLDINGS PLC

 

("Trakm8" or the "Group")

 

Young Marmalade Awards Trakm8 Telematics Contract Extension

 

 

Trakm8, the AIM-listed telematics and data insight provider, is pleased to announce it has been awarded a contract extension by Young Marmalade, the UK vehicle insurance company.

 

The contract extension covers the provision of T10 Micro hardware and data services supplied to Young Marmalade for their Young Drivers Insurance product, first announced by Trakm8 in February 2015. The contract extension is valued at £1.7m.

 

John Watkins, Executive Chairman of Trakm8 commented: 

"We have been working with Young Marmalade for two years providing insurance telematics solutions. We are delighted to extend this relationship as the range of services and demand increases. This contract provides additional visibility for our expectations for this financial year and beyond."

 

 

For further information please contact:

 

Trakm8 Holdings plc	+44 (0) 174 785 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad and Broker)	+44 (0) 20 7220 0500
Ed Frisby / Simon Hicks – corporate finance
Tim Redfern / Richard Chambers – corporate broking
MHP Communications	+44 (0) 20 3128 8100
Reg Hoare
Charlie Barker

 

About Trakm8

Trakm8 is a UK based Big Data company utilising telematics as its primary enabler. Through IP owned technology, over three billion miles worth of data is collected annually through its fleet management solutions to create and fine tune algorithms used to score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiencies of customers' vehicles.

With its headquarters in Dorset and a manufacturing facility in the West Midlands, the Group supplies a number of well-known customers in the fleet management and insurance sectors across the UK and further afield including customers such as the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.

The Group's portfolio offers complete telematics solutions including dashboard cameras that enable customers to record driving incidents and mitigate the risk from "crash to cash" accidents. This is complemented through a comprehensive hardware range, which includes a self-install unit that is one of the smallest available on the global market.

The Group acquired both Route Monkey and Roadsense Technologies Ltd. Route Monkey has enhanced Trakm8's logistics solution offering route scheduling and optimisation, including routing for electric vehicles. Roadsense has been acquired to strengthen the Group's presence in the SME fleet management market.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

 

About Marmalade

Marmalade is the leading provider of car insurance and cars for young drivers. Founded in 2006, it helps young drivers get behind the wheel, keeps them safe, improves their driving skills and saves money.

As a champion of young people, Marmalade provides a range of products that specifically meet the needs of young people – and their parents – today. These include:

·     Learner Insurance – is tailor-made for provisional drivers, enabling them to drive a parent's car from as little as £2.05 per day while protecting No Claims Bonus.

·     New Driver Insurance – Marmalade offers low insurance premiums from the outset as we trust our customers to be safe and responsible drivers. They are only penalised if they repeatedly drive dangerously, potentially saving hundreds of pounds on premiums. This policy is based on telematics technology – black boxes are installed into the insured car to monitor journeys and to ensure that young person is not driving dangerously. Our black boxes don't have curfews but do provide added security in case of an accident or vehicle theft.

·     Fuel & Go – Marmalade is the only UK insurance company to offer free insurance for 17 year olds through its Fuel & Go scheme. The scheme, which uses black box technology, enables young people to buy a new car with free insurance for the first year for a fixed monthly price.

www.wearemarmalade.co.uk

 

This information is provided by RNS

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