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RNS Number : 5376X

Frenkel Topping Group PLC

01 September 2015

 

 

1 September 2015

Frenkel Topping Group plc

("Frenkel Topping" or "the Company" or with its subsidiaries the "Group")

 

Acquisition and Board Appointment

 

Frenkel Topping (AIM: FEN), a leading provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards, is pleased to announce that it has acquired the entire issued share capital of FC Fund Managers Limited ("FCFM") from FCFM Group Limited ("FCFM Group"), (the "Acquisition"). Following the Acquisition, FCFM will be renamed Frenkel Topping Investment Management Limited and will be a wholly owned subsidiary of Frenkel Topping.

 

The consideration for the Acquisition is £4.425 million, to be satisfied by the issue of 10,000,000 new ordinary shares of 0.5p in the Company ("Ordinary Shares") (the "Consideration Shares") to FCFM Group at an effective price of 44.25 pence per share. FCFM Group has undertaken to the Company that it will not dispose of any of the Consideration Shares for a period of six months from the date of the Acquisition. In addition, with immediate effect, Jason Granite the majority shareholder of FCFM Group, has been appointed to the Board of Frenkel Topping.  Mr. Granite will serve as Chief Investment Officer of the Company and will have additional responsibility focusing on potential investment opportunities.

 

Rationale for the Acquisition

 

The Acquisition and the appointment of Jason Granite as Chief Investment Officer provide Frenkel Topping with all of the regulatory permissions and expertise necessary to build a best in class in-house investment management business, a service which is currently outsourced. As such the Company will be able to offer all clients a full investment advisory and investment management service. This is intended to facilitate growth in the Company's profitability and assets under management, on an accelerated basis.

 

At the time of Acquisition, FCFM has £2.5 million of cash and a wide range of regulatory permissions from the Financial Conduct Authority ("FCA"). These permissions enable FCFM to undertake a wide range of investment management activities, hold client assets, establish and manage funds and provide other investment advisory services. Prior to the Acquisition, all other assets and liabilities of FCFM were transferred to FCFM Group and the historic trade of FCFM will not be continued post acquisition. Approval for the change of control of FCFM has been obtained from the FCA.  The Group's cash balance following the Acquisition is approximately £4.0m.

.

 

Board Appointment

 

Mr. Granite has over 20 years' experience in law, corporate finance and investment management. Most recently Mr. Granite has served as the Chief Executive and Chief Investment Officer at FCFM, managing capital and funds for a wide range of investors, including the UK Government. Prior to this, Mr. Granite served as Head of Research at Sterne Agee UK LLP (formerly known as Yorvik Partners LLP), was a Founding Partner at Agilo, a Director of Deutsche Bank's special situations group and a member of its European Investment Committee and a key member at Mizuho International's special situations group. Earlier in his career, he worked at Close Brothers Corporate Finance and practiced as a restructuring lawyer at Cadwalader, the leading US law firm. 

 

Admission of Consideration Shares to AIM

Application will be made for the Consideration Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 4 September 2015.

 

On Admission, the Company's share capital and total voting rights will comprise 73,837,067 Ordinary Shares and the Company does not hold any shares in treasury. Consequently 73,837,067 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

Richard Fraser, Chief Executive of Frenkel Topping, commented:

 

"For over 25 years Frenkel Topping has been a leading provider of specialist independent financial advice on the investment of personal injury damages and clinical negligence awards. We have built a solid business and now have in excess of £640m of assets under management. We have an excellent reputation and are trusted by our clients.

 

"Earlier this year we announced that we would be hiring additional consultants to fast track our organic growth. We have also created a regional focus with offices in Manchester, Bristol, Leeds, Birmingham, London and Cardiff. The acquisition of FCFM will provide a further acceleration of this growth. We have a pipeline of potential opportunities and we are focused on growing our assets under management to in excess of £1bn.

 

"As we grow, we also want to offer our clients a full investment advisory and investment management service; the acquisition of FCFM, and appointment of Jason Granite provides us with all of the regulatory permissions and expertise necessary to build a best in class in house investment management business, a service we currently outsource. We believe that over the coming years this will be a strong contributor to our revenue and bottom line.  We are delighted to welcome Jason Granite to the Board; he has many years of investment management expertise and will be a valuable addition to the executive team as we seek to grow our assets under management through acquisitions and broaden our offer to clients."

 

For further information:

Frenkel Topping Group plc	www.frenkeltopping.co.uk
Julie Dean, Chief Financial Officer	Tel: +44 161 886 8000
Richard Fraser, Chief Executive Officer
Shore Capital	Tel: +44 207 408 4090
Pascal Keane / Patrick Castle
Walbrook PR Ltd	Tel: +44 207 933 8780
Paul McManus	Mob: +44 7980 541 893
Nick Rome	Mob: +44 7748 325 236
	frenkeltopping@walbrookpr.com

 

Regulatory disclosures

Jason Granite (aged 40) is or has been a director or partner of the following companies or partnerships during the previous 5 years:

 

Current	Past during previous 5 years
FC Fund Managers Limited	Arvoco Limited
FCFM Group Investments I Limited	Arvoco Investments LLP
FCFM Group Investments II Limited	Atlas Genetics Limited
FCFM Group Investments III Limited	Barclay House Cottage Company Limited
FCFM Group Trading I Limited	Barclay House Hotel Limited
FCFM Group Trading II Limited	Daniell Arms Limited
FCFM Group Limited	Devon Duvets Limited
	FCFM Investments Ltd
	FCFM Limited
	Finance South West GP Limited
	Jolliman Clothing Limited
	Konik UK Limited
	Midwest Camping Limited
	Sterne Agee UK LLP
	W. Yeomans (Chesterfield Limited)
	Yeomans Investments Limited

 

The terms of Mr. Granite's service contract include a salary of £100,000 per annum and he may be awarded additional bonus payments at the discretion of the Company. He will be indirectly beneficially interested in the Consideration Shares by virtue of his 52.14% shareholding in FCFM Group Limited. Pursuant to his service contract, Mr. Granite will devote such time to the Company that is necessary to fulfil his role as agreed from time to time by the Board of Frenkel Topping. He will be subject to usual restrictions, commensurate with his position, governing the extent to which he can directly compete with the Company for the duration and following the termination of his service agreement and his appointment is terminable on six months' notice by either party. 

 

Save as set out in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 

About Frenkel Topping: www.frenkeltopping.co.uk

 

Frenkel Topping provides specialist independent financial advice focussed on asset protection for vulnerable clients. The specialist independent financial adviser has a market leading position providing advice and fund management services for personal injury trusts and clinical negligence awards and is well placed to provide services to a wider customer base.

 

The Company provides a range of wealth management services including bespoke investment portfolios, financial and tax planning. It is focused on increasing its assets under management by growing the number of fee earners who are qualified to provide benefits protection for a variety of needs as the Company adds to its personal injury and clinical negligence specialism.

 

It has a national presence with offices on Manchester, Birmingham, Bristol, Cardiff, London and Leeds and has relationships and infrastructure in place to further grow its reach and target markets.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 4297X

Netcall PLC

01 September 2015

 

1 September 2015

RNS Reach

Netcall plc

("Netcall" or the "Company")

Position awarded on new Government procurement agreement

Widening Netcall's reach across UK public sector and reducing procurement cycles

 

 

Netcall plc (AIM: NET), a leading customer engagement software provider, is pleased to announce that it has secured a position on the newly formed Crown Commercial Service Network Services agreement (RM1045) for Inbound Telephony Services (Lot 4) following a successful bid process.

 

The new agreement is a mechanism for public sector organisations, including Central Government departments, Non Departmental Public Bodies, NHS bodies, local authorities, Police and charities, to access and purchase connectivity and telecommunication services through an approved catalogue of accredited commercial suppliers.

The agreement will significantly reduce the complexity and timescales for public sector organisations procuring products and services as each supplier on the agreement will have passed a series of rigorous pre-testing conditions and regulations.

The Network Service agreement (RM1045) will replace the current PSN Connectivity Framework (RM860) and the PSN Services Framework (RM1498) and is anticipated to save more than £50m.

Henrik Bang, CEO of Netcall commented: "We are delighted to have been successful in our bid to join the CCS agreement for Inbound Telephony Services, which creates a more flexible and streamlined procurement process for public sector buyers. A position on the agreement opens up to Netcall a wider portion of the public sector market and provides us with access to new contract opportunities as part of an elite group of suppliers.

 

"Our customer engagement solutions empower many public sector organisations to achieve their priority goals; improving customer service, reducing costs to serve and increasing staff productivity. We look forward to expanding the delivery of our expertise and capabilities in this market."

 

 

 

For further enquiries, please contact:

 

Netcall plc	Tel. +44 (0) 330 333 6100
Henrik Bang, CEO Michael Jackson, Chairman James Ormondroyd, Group Finance Director
finnCap Limited (Nominated Adviser and Broker)	Tel. +44 (0) 20 7220 0500
Stuart Andrews / James Thompson, Corporate Finance
Simon Johnson, Corporate Broking
Alma PR	Tel. +44 (0) 7780 901979
Josh Royston / Hilary Buchanan	+44 (0) 7515 805218

 

 

 

About Netcall plc

 

Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall's software product suite provides compelling business process solutions for end-to-end customer engagement, incorporating multi-channel contact centre, workforce optimisation, business process management and enterprise content management. The Netcall software platform helps organisations meet the growing demands of their customers and prospects whilst improving internal efficiencies, thereby increasing profitability and customer satisfaction.

 

Netcall's customer base contains over 700 organisations in both the private and public sectors. These include two thirds of NHS Acute Health Trusts, major telecoms operators such as BT and leading organisations including Interflora, Lloyds Banking Group, Cineworld, Interserve, Prudential, British Sugar and Thames Water.

 

For further information, please consult the Netcall website: www.netcall.com 

 

This information is provided by RNS

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RNS Number : 4572X

Obtala Resources Limited

01 September 2015

 

1st September 2015

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Membership of the Social Stock Exchange

Obtala Resources Limited (AIM:OBT), the vertically integrated agricultural processing, farming, timber and retail company, is pleased to announce that the Company has been admitted as a member of the Social Stock Exchange ('SSX'), following the approval of its impact report by the SSX's independent Admissions Panel.

Social Impact Investing has evolved and grown significantly in recent years as many Investing Institutions and Funds have increased their investment levels in the sector due to a combination of the positive nature of the investment as well as proven superior economic returns when compared with other traditional investments

About the Social Stock Exchange

The Social Stock Exchange was launched in June 2013 by the UK Prime Minster at the first G8 Social Impact Investment Forum in London.

In January 2015, the SSX and ICAP Securities & Derivatives Exchange Limited announced their collaboration to launch a new market segment for Social Impact businesses, providing a central venue for impact opportunities in the UK and beyond.  Member companies articulate and evidence their social and environmental credentials through the production of an independently assessed Impact Report, which is then ratified by an Admissions Panel comprised of finance and social sector experts.

Commenting on today's announcement, Kevin Milne, Executive Deputy Chairman of Obtala, said: "This is a significant event in the evolution of our Company, for our Shareholders and Customers. The Company has always striven to operate its businesses in Africa to the highest standards and with strong regards to working with and developing the communities and environment in which it operates. It is testament to all of our employees who continue to strive to maintain these standards and having the Social Stock Exchange and its Independent Admissions Panel validate this is extremely rewarding. Research shows that Companies who can evidence and focus on socially impactful practices do create longer term and more sustainable shareholder value creation than those who do not. We look forward to engaging with the many institutional investors who work with the Social Stock Exchange and have a mandate to invest in socially impactful companies such as Obtala. Typically these investors have a long term investment view in line with the businesses we are developing."

 

Obtala Resources Kevin Milne – Executive Deputy Chairman Simon Rollason – Managing Director www.obtalaresources.com	+44 (0) 20 7099 1940
ZAI Corporate Finance Limited (Nomad)   Ray Zimmerman Richard Morrison	+44 (0)20 7060 2220
Brandon Hill Capital  (Broker)   Jonathan Evans	+44 (0)20 3463 5000
Square 1 Consulting (Public Relations)   David Bick Mark Longson	+44 (0)20 7929 5599

 

This information is provided by RNS

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RNS Number : 2296X

Fastjet PLC

27 August 2015

 

 

fastjet Plc

("fastjet" or the "Company")

27 August 2015

fastjet Fleet Expansion – Lease Signed for 5th Aircraft

 

 

fastjet (AIM:FJET), Africa's low-cost airline, has signed an operating lease with SMBC Aviation Capital Limited (SMBC) for an Airbus A319 aircraft. This aircraft was originally announced on 10 July 2015 when the LOI was signed and will become the fifth aircraft in the fastjet fleet.

 

The aircraft will commence commercial services in Tanzania on 1 September, serving to expand the network in the region. This will include increasing the Dar es Salaam to Johannesburg route to a daily service.

 

Ed Winter, Chief Executive Officer of fastjet, commented: "Having reached our target figure for utilisation of our existing Tanzanian fleet, we are delighted to introduce an additional aircraft into Tanzania to satisfy the growing demand for our low-cost flights."

 

On 26 August 2015, fastjet announced  it had signed a Letter of Intent (LOI) for the purchase of an Airbus A319 aircraft, planned for operation in Zambia. This aircraft will be the sixth aircraft in the fastjet fleet.

 

For more information, contact:

 

UK media – Citigate Dewe Rogerson	Tel: +44 (0) 20 7638 9571
Angharad Couch
Toby Moore
Nick Hayns
South African media – Tribeca Public Relations	Tel:  +27 (0) 11 208 5500
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:
W.H. Ireland Ltd.- Nominated Adviser and Joint Broker	Tel: +44 (0) 20 7220 1666
James Joyce
Mark Leonard
Liberum Capital Limited – Joint Broker	Tel:  +44 (0) 20 3100 2222
Clayton Bush
Christopher Britton

 

 

NOTES TO EDITORS

 

About fastjet Plc

 

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. The airline introduced Airbus A319s into its fleet.  By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline. fastjet Plc is also the holding company of Fly540 Angola where operations are currently suspended.

 

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet, the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London, and the Transport Innovator Award at the 8th Transport Africa Awards 2015 in Johannesburg.

 

fastjet Plc is quoted on the London Stock Exchange's AIM market.

 

For more information see www.fastjet.com

 

This information is provided by RNS

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RNS Number : 0774X

Xeros Technology Group plc

26 August 2015

 

26 August 2015

 

Xeros Technology Group plc

 

Xeros expands partnership agreements, entering Canadian, Caribbean and Latin American commercial laundry and dry cleaning markets

 

Xeros Technology Group plc (AIM: XSG, "Xeros") the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, announces that it has expanded its Commercial Laundry footprint into Canada, the Caribbean and Latin America, demonstrating growing acceptance of and demand for Xeros' polymer bead cleaning technology beyond the US Commercial Laundry market. 

 

In Canada, Xeros has entered into a Forward Channel Partner agreement with Michael St. Clair Fine Cleaners, a dry cleaning and laundry specialist, under which Xeros' polymer bead laundry systems will be sold and serviced. Michael St. Clair services much of Vancouver's hospitality industry and has retail locations across the city.

 

This partnership will help bring Xeros' patented cleaning technology to the Canadian market, a country in which changing climate conditions and increased energy demand has given rise to nationwide initiatives to accelerate utility conservation efforts.

 

Xeros has also entered into a Forward Channel Partner agreement with Worldwide Laundry, Inc., a full service laundry equipment, parts and supplies company, to sell and service Xeros' polymer bead cleaning laundry systems. Worldwide Laundry, Inc. will be facilitating the delivery of Xeros cleaning solutions to the broader Caribbean and Latin American markets, both of which offer significant drivers for growth as severe drought conditions and rising energy prices are increasing demand for ecologically sustainable but commercially viable solutions.

 

The Caribbean islands are some of the most vulnerable countries in the world to water shortages. The impact of climate change is expected to raise the sea level significantly, increase salt-water intrusion, flooding and hurricanes, and decrease rainfall.  Today, the islands are experiencing the worst drought conditions in five years. Puerto Rico, St. Lucia, and Cuba are all suffering drought and have implemented water conservation restrictions. In addition, according to Caribbean Development Bank (CDB), Caribbean electricity costs are approximately four times the average rate in North America.

 

Xeros Chief Executive Officer, Bill Westwater, commented:

 

"We are hugely encouraged by Xeros' expansion internationally, further evidencing the relevance and increasing acceptance of Xeros' near-waterless and energy-saving cleaning solution in geographic markets that can no longer ignore issues around water scarcity and need for energy conservation.

 

"These agreements also demonstrate the success of our Forward Channel Partners programme, in which we create a broad sales and service network across the Americas of established laundry industry players.

 

"In a world that can no longer depend on traditional aqueous processes, Xeros offers unprecedented performance and value for customers."

 

 

 

For further information, please contact:

 

Xeros Technology Group plc www.xeroscleaning.com	Via Instinctif Partners
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director
Jefferies International (Nominated Adviser)	Tel: 020 7029 8000
Simon Hardy / Harry Nicholas
Instinctif Partners	Tel: 020 7457 2020
Helen Tarbet / James Gray

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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Neville Registrars are delighted to welcome Acorn Minerals plc as the newest addtion to its list of client companies.

Acorn Minerals plc pursues investment opportunities in the mining, minerals & energy sectors. Further information can be found on the Company's website: http://www.acornminerals.com/

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RNS Number : 3194W

Avanti Communications Group Plc

18 August 2015

 

18 August 2015

 

AVANTI COMMUNICATIONS GROUP PLC

Completion of HYLAS 4 satellite financing

 

Avanti Communications Group plc ("Avanti"), a leading provider of satellite data communications services in Europe, the Middle East and Africa ("EMEA"), announces the completion of financing for its HYLAS 4 satellite, in line with the previously announced financing plan.

 

Avanti has successfully placed $125m in Senior Secured Notes due 2019 (the "Notes") under the Company's existing indenture. The Notes will be issued at a small discount to the current trading price of Avanti's existing notes and will have a coupon of 10%.

 

The investor group was led and managed by MAST Capital Management, LLC, a Boston-based investment firm.

 

HYLAS 4 remains on-track for launch in early 2017 and will complete Avanti's coverage of EMEA. The majority of the satellite's capacity will serve high-growth markets in Africa. The Company expects that this will consolidate its first mover advantage across EMEA, and enhance the future cash generation potential of the Group.

 

In addition, Avanti has also simultaneously conducted an equity capital raising (the "Capital Raising"). Avanti has issued 3,592,781 new ordinary shares (the "New Ordinary Shares") of 1p each ("Ordinary Shares") at a price of 200.65p per New Ordinary Share, to raise approximately £7.2m ($11.3m) (net of expenses) in order to satisfy demand from bond investors.

 

The Capital Raising has been conducted under the Company's existing shareholder authorities to allot new Ordinary Shares for cash on a non-pre-emptive basis. The issue price of 200.65p represents a discount of 4.0% to the closing middle market price of 209.00p per existing Ordinary Share on 17 August 2015, the last dealing day prior to this announcement.

 

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will represent approximately 2.47% of Avanti's issued Ordinary Share capital immediately following Admission. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 21 August 2015. The Notes will be issued on the same day.

 

Following the Admission, the total number of Ordinary Shares with voting rights admitted to trading on AIM will be 145,396,350. The New Ordinary Shares will rank pari passu in all respects with Avanti's existing Ordinary Shares in issue. Avanti does not hold any Ordinary Shares in treasury.

 

The above figure of 145,396,350 Ordinary Shares may be used by shareholders in Avanti as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Avanti, under the Financial Conduct Authority's Disclosure and Transparency Rules.  

Peter Reed, Partner and Portfolio Manager, MAST Capital Management, LLC said: "We have long admired Avanti's business and its management team. The completion of the financing for the HYLAS 4 satellite is an exciting and important milestone for the Company and we are pleased to play a leadership role in the satellite's development by investing $125 million into newly issued notes and shares."

David Williams, Avanti Chief Executive, said, "Today's funding for HYLAS 4 enables us to complete our coverage of EMEA in early 2017.  Avanti now offers more High Throughput Satellite capacity to its telco customers in Africa than any other satellite operator, enabling us to build strong partnerships for the long term. Millions of people and businesses in Africa don't have to wait for tomorrow, Avanti delivers superfast broadband today."

 

For further information please contact:

Avanti: Matthew Springett, +44 (0)207 749 6703

Montfort: Nick Miles / James Olley, +44 (0)203 770 7909

Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900

Redleaf: Hannah Nicolas, +44 (0)207 382 4734

MAST: Steve Bruce or Taylor Ingraham, ASC Advisors,  +1 203 992 1230 

 

 

Notes to editors

Avanti connects people wherever they are – in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.

 

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka band spectrum in perpetuity that covers an end market of over 1.7bn people.

 

The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring.

 

Avanti has a unique Cloud based customer interface that is protected by patented technology.

 

The Group has three satellites in orbit and a further two fully funded satellites under construction.

 

Avanti Communications is listed in London on AIM (AVN:LSE).

 

www.avantiplc.com

 

About MAST

Founded in 2002, MAST Capital Management, LLC is an SEC-registered investment advisor that specializes in event-driven and credit investments, focusing predominantly on middle market opportunities. Currently, MAST manages and sub-advises approximately $1.2bn for sophisticated institutional and family office investors globally. The Boston-based Firm is employee-owned with a minority stake held by Dyal Capital Partners, a subsidiary of Neuberger Berman.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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Neville Registrars Limited is pleased to announce that the Surrey County Cricket Club Bond is now live.

Anyone seeking further information on the bond or wishing to make an application should visit: 

https://www.surreycountycricketclubbond.com/

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RNS Number : 1569W

EU Supply PLC

17 August 2015

 

17 August 2015

EU Supply plc

("EU Supply", the "Company" or "the Group")

 

Contract win

 

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has

been awarded a long term contract with Oslo Kommune (Capital City Council of Norway), in  competition with several of its main competitors in Norway. The contract allows the city council central procurement and any of its subsidiaries the right to use the Company's CTMTM platform.

 

The contract is a 6 years fixed contract, with up to 2 years optional extensions, and is expected to lead to more than 50 organisational units and up to 800 users using the CTMTM platform by the time the new EU Directives are expected to become effective in Norway. Fees depend on the number of users of each module of the service. This is the third European capital city contract awarded to the Company in the last three months.

 

This agreement underpins the Company`s development in multiple markets and confirms management's confidence in growth for 2015 and beyond.

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Mattias Ström, CFO   Westhouse Securities Tel: 020 7601 6100 Tom Griffiths, David Coaten

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 10 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013 when the Company raised £5.0 million before expenses. In July 2014, the Company raised a further £1.35 million by way of a placing of new ordinary shares, the proceeds of which were mainly used to strengthen the Company's balance sheet, provide working capital to support the growth of the business as it expands and aims to gain market share and to provide additional funds for sales and marketing.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 1404W

Netcall PLC

17 August 2015

 

17 August 2015

RNS Reach

Netcall plc

("Netcall" or the "Company")

Contract Win

Largest SaaS contract for new Liberty platform

 

Netcall plc (AIM: NET), a leading customer engagement software provider, is pleased to announce that it has secured a five-year SaaS contract worth a minimum of £1.4 million to provide its Liberty multi-channel contact centre and unified communication solutions.

 

As part of the agreement Netcall will deliver a range of inbound and outbound voice, email and chat applications that utilise Liberty's business process management capabilities for workflow automation and data integration with legacy systems. This will enable the client to deliver a consistent, personalised customer experience and achieve efficiencies. Netcall's solution will replace a number of legacy on-premise systems with a hosted solution that provides a virtual contact centre for the client's six sites.

 

Henrik Bang, CEO of Netcall commented: "Today's announcement represents a milestone for Netcall as it is the largest SaaS contract we have been awarded for our new Liberty platform.

 

"The end-to-end, fully hosted solution will transform the way in which our client interacts with its customers and we look forward to working with them."

 

For further enquiries, please contact:

 

Netcall plc	Tel. +44 (0) 330 333 6100
Henrik Bang, CEO Michael Jackson, Chairman James Ormondroyd, Group Finance Director
finnCap Limited (Nominated Adviser and Broker)	Tel. +44 (0) 20 7220 0500
Stuart Andrews / James Thompson, Corporate Finance
Simon Johnson, Corporate Broking
Alma PR	Tel. +44 (0) 7780 901979
Josh Royston / Hilary Buchanan	+44 (0) 7515 805218

 

 

 

About Netcall plc

 

Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall's software product suite provides compelling business process solutions for end-to-end customer engagement, incorporating multi-channel contact centre, workforce optimisation, business process management and enterprise content management. The Netcall software platform helps organisations meet the growing demands of their customers and prospects whilst improving internal efficiencies, thereby increasing profitability and customer satisfaction.

 

Netcall's customer base contains over 700 organisations in both the private and public sectors. These include two thirds of NHS Acute Health Trusts, major telecoms operators such as BT and leading organisations including Interflora, Lloyds Banking Group, Cineworld, Interserve, Prudential, British Sugar and Thames Water.

 

For further information, please consult the Netcall website: www.netcall.com 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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