

Announcements.

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A selection of news and recent announcements can be found here.
Challenger Acq Ltd : New York Wheel Construction Update
RNS Number : 9939M Challenger Acquisitions Limited 20 October 2016 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. For Immediate Release 20 October 2016 Challenger Acquisitions Limited ("Challenger" or the "Company") New……
RNS Number : 9939M
Challenger Acquisitions Limited
20 October 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
For Immediate Release
20 October 2016
Challenger Acquisitions Limited
("Challenger" or the "Company")
New York Wheel Construction Update
Challenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry, is pleased to provide an update on construction of the New York Wheel Project ("NYW Project"), a large entertainment complex currently being built on the New York Harbour, which will feature a 630ft Giant Observation Wheel ("GOW"), a 68,000 sq ft terminal and retail building, a 950 space parking garage and a 5,000-person capacity green roof for events. Challenger has made an investment of US$3 million representing a ~2% equity stake in the NYW Project.
Approximately US$300 million has been spent on the NYW Project to date, with major developments so far including:
· The foundation for the GOW pad is now complete (8,000 cubic yards of concrete and 1,800 tons of structural steel). The four leg pedestals (totaling 90 tonnes apiece) have been fabricated and are enroute for installation from Montreal.
· The majority of the parking garage is now operational (825 of the 950 spaces). It is operating under a Temporary Certificate of Occupancy whilst the Mechanical Electrical Plumbing work is being completed to open the entire facility on a permanent basis in December.
· A 465ft crane has arrived at the Brooklyn prep site to start the erection process for some of the main components for the GOW. It will be assembled on site in November.
· The foundation for the terminal building is now mostly complete with steel erection well underway for the structure. It will be structurally complete in December.
· The legs for the wheel have arrived in the South Brooklyn Marine Terminal. Each of the four legs weighs 550 tonnes, measuring 18 feet wide and 275 feet tall (please see the photographs on the following link: http://www.rns-pdf.londonstockexchange.com/rns/9939M_-2016-10-19.pdf) They will be deployed to the site and erected onto the pedestals in December.
· Manufacturing continues on the other major components such as the rim, cables, spindle, drive towers, capsules, electrical and control cabinets, etc.
Construction commenced in May 2015 with a total cost now estimated at US$590 million. The grand opening is April 2018 with an estimated 3.5 million annual visitors expected. The 630ft observation wheel, which will be 50% larger than the London Eye once constructed, will provide passengers with a panoramic view of major landmark sites, including the New York Harbour, the Statue of Liberty, the Verrazano Bridge, Staten Island and the Lower Manhattan skyline.
For more information see www.newyorkwheel.com, which includes a live webcam of the construction site.
Mark Gustafson, the Company's Chief Executive Officer said: "The NYW Project continues to make fantastic progress in advancing towards its commercial opening. As the only public company with an equity stake in this US$590 million project we have secured what we believe to be a unique and extremely prospective investment opportunity for our shareholders. Following a recent tour of the New York Wheel site we can see that the changes on the ground are substantial and the vast scale of the project is becoming very apparent. The four legs, on which the largest GOW in the world will sit, have now been delivered and the next delivery will be the pedestals for the legs. Now that the above ground additions are underway, including the terminal building and the wheel itself, the next 18 months will be very exciting as we progress towards the grand opening targeted for April 2018."
This announcement contains inside information.
**ENDS**
For more information visit www.challengeracquisitions.com or enquire to:
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Challenger Acquisitions Limited |
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Mark Gustafson |
+1 604 454 8677 |
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St Brides Partners Ltd (PR) |
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Lottie Brocklehurst, Charlotte Page |
+44 (0) 20 7236 1177 |
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finnCap (Financial Adviser and Broker) |
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Adrian Hargrave, James Thompson, Kate Bannatyne |
+44 (0) 20 7220 0500 |
Notes to Editors:
Challenger (LSE: CHAL) is focused on the design, engineering, project management and investment in select giant observation wheels. By combining its world-class team of technical engineering and project management skills with proven international financial expertise, the Company is ideally positioned to become a leader in the giant observation wheel sector.
The Company, which also has a US$3 million equity interest in the US$590 million New York Wheel Project, is currently focusing on appraising approximately 25 opportunities in its project pipeline where it believes that it can utilise its expertise. With a team that has worked on four of the largest giant observation wheels constructed over the last 16 years, including the iconic London Eye, the Company is building on its unique position to deliver projects and generate shareholder value.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseWater Intelligence : Partnership with IME
RNS Number : 9964M Water Intelligence PLC 20 October 2016 Water Intelligence plc ("Water Intelligence") Partnership with University of Chicago Institute for Molecular Engineering The Board of Water Intelligence, a leading provider of non-invasive leak detection and remediation solutions, is pleased to announce a partnership as an……
RNS Number : 9964M
Water Intelligence PLC
20 October 2016
Water Intelligence plc
("Water Intelligence")
Partnership with University of Chicago Institute for Molecular Engineering
The Board of Water Intelligence, a leading provider of non-invasive leak detection and remediation solutions, is pleased to announce a partnership as an industrial affiliate of the Institute for Molecular Engineering at the University of Chicago (IME). Water Intelligence and IME plan to collaborate on the commercialization of technology for potable and non-potable water applications.
Dr. Patrick DeSouza, Executive Chairman of Water Intelligence plc commented:
"We are delighted to collaborate with IME and admire its global reach. We look forward to commercializing IME technologies to provide non-invasive solutions to problems of water loss from leakage and problems emerging from the increase in "gray" water because of our decaying infrastructure. Customers for our American Leak Detection (potable water) and NRW Utilities (non-potable water) brands will welcome IME's innovation."
Dr. Matthew Tirrell, Dean and Founding Pritzker Director of the Institute for Molecular Engineering commented:
"The opportunity to cooperate with Water Intelligence plc gives the Institute for Molecular Engineering a great avenue to bring laboratory developments into the realm of applied water technologies. We look forward to this partnership bringing value both to our students and to society."
Information on IME
The Institute for Molecular Engineering, established in 2011 by the University of Chicago in partnership with Argonne National Laboratory, is a transformational academic unit exploring the intersection of science and engineering. IME has a core focus on water resources and has a partnership with Ben-Gurion University in Israel to promote global water solutions. IME is a founding partner of CURRENT, a part of World Business Chicago, which serves as a platform for the Chicago region's water industry to leverage its strengths for greater economic impact.
Information on Water Intelligence plc
Water Intelligence plc is a company is listed on the London Stock Exchange. It has two wholly-owned subsidiaries that provide minimally invasive water and infrastructure solutions using infrared and acoustic technologies for the residential, commercial and municipal markets. WI's core American Leak Detection business operates in 42 states of the US with 6 locations in Australia and 3 locations in Canada. WI's NRW Utilities business operates largely in the UK and provides asset survey and sewer and wastewater solutions to municipalities. Its experienced team has deployed municipal solutions in various parts of the world and works in collaboration with American Leak Detection.
Enquiries:
Water Intelligence plc Patrick DeSouza (Executive Chairman) Tel: +1 203 654 5426
finnCap Ltd Adrian Hargrave / Giles Rolls, corporate finance
Stephen Norcross, corporate broking Tel: +44 (0) 207 220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseEU Supply PLC : Contract win
RNS Number : 4993M EU Supply PLC 14 October 2016 14 October 2016 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 the Company has signed an addendum (the……
RNS Number : 4993M
EU Supply PLC
14 October 2016
14 October 2016
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 the Company has signed an addendum (the "Addendum") to the agreement with the Minister for Public Expenditure and Reform in Ireland to develop certain enhancements to the Irish Government's national eProcurement platform, www.eTenders.gov.ie, which is powered by the Company's CTM™ platform and in use by over 2,500 public sector bodies in Ireland. As announced on 13 September 2016, the Minister for Public Expenditure and Reform recently executed its option to extend the existing agreement between the parties until May 2020.
The Addendum is on a time and materials basis and EU Supply expects it to generate revenues, in aggregate, of approximately €450,000, with up to €50,000 being generated in 2016 and the remainder in 2017.
While the signing of this Addendum underpins the Board's confidence in the forecasted revenue growth in 2017, for the year ending 31 December 2016 the continued weakening of sterling (versus mainly Swedish Krona and the Euro) is expected to increase the Company's reported revenues (as well as reported costs) ahead of consensus forecasts resulting in an overall loss marginally higher than the bottom of the range of consensus forecasts. However, based on the Company's current pipeline of opportunities, including several enhancement projects under discussion, and its order book, the Board still anticipates that the Group will reach operating profit on a monthly run rate basis in the last quarter of 2016.
FURTHER ENQUIRIES
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A copy of this announcement is available at www.eu-supply.com.
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 esourcing, 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 9 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. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseAPC Tech Group PLC : Sale of Water Hygiene & Treatment Division
RNS Number : 4042M APC Technology Group PLC 13 October 2016 13 October 2016 APC TECHNOLOGY GROUP PLC ("APC", the "Company" or the "Group") Sale of Water Hygiene & Treatment Division The Board of APC (the "Board") is pleased to announce that it has agreed the sale……
RNS Number : 4042M
APC Technology Group PLC
13 October 2016
13 October 2016
APC TECHNOLOGY GROUP PLC
("APC", the "Company" or the "Group")
Sale of Water Hygiene & Treatment Division
The Board of APC (the "Board") is pleased to announce that it has agreed the sale of its water hygiene and treatment division to Integrated Water Services Ltd ("IWS"), a subsidiary of South Staffordshire Plc. The division has been sold for a total consideration of £1.8m: £0.8m in cash consideration payable to APC, and £1m in respect of the settlement of amounts outstanding under the invoice finance facility provided by ABN Commercial Finance. In addition the transaction has allowed APC to dispose of £0.65m of future liabilities under operating leases, halve the Company's headcount and significantly reduce fixed costs.
This disposal follows a review by the Board to focus efforts on the growth of its high reliability electronic components, Smartwave Internet of Things ("IoT") products, and energy efficient lighting distribution businesses.
The Board believes that these businesses align much more closely, both operationally and in terms of future strategy, and that they provide a sustainable base for the future development of the Group.
Each one of these businesses have established products that exist in markets with significant growth opportunities and this disposal, along with other recent restructuring and financing initiatives, will help the Group to take full advantage of them.
The proceeds of the disposal will be used to strengthen the balance sheet and support working capital.
The business sold relates to the shares of Green Compliance Water Division Ltd which deals with water hygiene and treatment. In the 17 months to 31 August 2015 the business being sold had audited revenues of £11.3m, made a loss before tax of £2.1m and had net assets at 31 August 2015 of £0.4m.
Richard Hodgson, Chief Executive of APC, commented:
"'We are very pleased to have reached agreement with IWS in relation to the disposal of our water hygiene and treatment division and believe that they offer a great home for the water staff and customers to thrive as part of a much larger business within the water industry.
With the restructuring of APC during the past 12 months, the fund raisings that we completed in February and August and now this disposal, APC is entering our fiscal year 2017 as a very focused operator in the high reliability electronic components, Smartwave Internet of Things products, and energy efficient lighting distribution businesses. This deal has also allowed us to significantly reduce our fixed costs.
We are committed to building an outstanding technical sales, marketing and distribution company for the incredible technologies that we represent in these growth markets now and in the future.
We look forward to the coming year as one where we can consolidate and grow our operations in these sectors."
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APC Technology Group PLC |
+44 (0) 330 313 3220 |
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Richard Hodgson, Chief Executive |
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Art Russell, Chief Financial Officer |
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BDO LLP (Financial Adviser to APC) |
+44 (0) 121 352 6200 |
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Satvir Bungar |
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Stockdale Securities Limited (Nominated Adviser and Broker) |
+44 (0)20 7601 6100 |
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Mark Brown / Antonio Bossi / Edward Thomas |
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Redleaf Communications (Financial PR) |
+44 (0)20 7382 4730 |
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Rebecca Sanders-Hewett / David Ison / Susie Hudson |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseCrimson Tide PLC : Significant long term contract win
RNS Number : 4017M Crimson Tide PLC 13 October 2016 Crimson Tide PLC ("Crimson Tide" or the 'Company') Significant long term contract win with large UK retailer Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has signed its most significant long term……
RNS Number : 4017M
Crimson Tide PLC
13 October 2016
Crimson Tide PLC
("Crimson Tide" or the 'Company')
Significant long term contract win with large UK retailer
Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has signed its most significant long term contract with a large UK retailer. Its mpro5 service will be used to ensure store safety, cleanliness and security. This deployment follows a successfully executed pilot.
The contract value is worth over £1.7m of additional revenue over an initial term of 48 months, the largest gross revenue contract in the Company's history.
This extended roll out involves implementing the mobility platform to almost 500 stores to enable the scheduling of regular cleaning, reactive cleaning and incident capture; as well as providing dynamic audits and bespoke management dashboards.
Barrie Whipp, Executive Chairman of Crimson Tide, said: "This landmark contract is the largest in our history in terms of value and means that mpro5 will be present in nearly 500 more locations throughout the UK. The four-year term represents validation of the partnership we have quickly formed with this well-known retailer. The contract represents another cornerstone of our enterprise level agreement strategy, which now represents a substantial element of our contracted revenues for the coming years
Following this contract win we are accelerating other expansion plans, both in the UK and overseas. The Directors are extremely pleased with this long term contract, which is the culmination of a great deal of work by our team. We are very excited indeed about the future prospects of the Company and look forward to pushing ahead with further opportunities."
For further information:
Crimson Tide plc
Barrie Whipp/Steve Goodwin 01892 542 444
WH Ireland
James Joyce /James Bavister 020 7220 1666
Notes to editors
1. Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 ‐ Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.
2. Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world‐class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.
3. mpro5 is a platform‐agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.
4. mpro5 not only helps people improve their day‐to‐day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseBoston International : Admission to Trading and First Day of Dealings
RNS Number : 2669M Boston International Holdings PLC 12 October 2016 12 October 2016 Boston International Holdings plc ("BIH" or the "Company") Admission to Trading and First Day of Dealings Boston International Holdings plc, a special purpose acquisition company (SPAC) formed to undertake one or more acquisitions of……
RNS Number : 2669M
Boston International Holdings PLC
12 October 2016
12 October 2016
Boston International Holdings plc
("BIH" or the "Company")
Admission to Trading and First Day of Dealings
Boston International Holdings plc, a special purpose acquisition company (SPAC) formed to undertake one or more acquisitions of target companies or businesses in the FX sector, is pleased to announce its entire issued ordinary share capital consisting of 29,620,948 Ordinary Shares of £0.01 each will be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). It is expected that the Admission will become effective and that dealings will commence at 8.00 a.m. on 12 October 2016 under the ticker BIH. Since its incorporation, the company has raised gross proceeds of £1,382,476 through subscription by the founder and a private placing which closed shortly prior to listing.
Highlights:
· Following Admission, BIH is seeking to acquire companies within the FX sector to capitalise on consolidation opportunities and create shareholder value by driving positive change. The company is looking at targets across the entire FX value chain
· BIH will seek re-admission of the enlarged group following the acquisition through a reverse takeover to trading on the London Stock Exchange or admission to another stock exchange
· Once the first successful acquisition is completed (within 18 months) BIH will employ a roll-up acquisition strategy going forward
· Strong management team with deep experience across FX and FS sectors and sourcing M&A opportunities
· BIH will implement an operating strategy in the acquired business(es) to generate value for its Shareholders through:
o Operational improvements
o Potential complementary acquisitions
o Re-admission of the enlarged group
· BIH is looking for a company with the following investment criteria:
o Recent underperformance relative to capabilities
o Strong competitive industry position
o Large potential for growth
o Strong and experienced management teams
The Market
· Foreign exchange is the world's largest financial market with trading volumes of over $5 trillion per day recorded in April 2016 [1]
· The UK market is the largest contributor and is responsible for almost 50% of the daily global volume [1]
· Prime brokered trades accounted for around 17.4% of this total, or $887 billion per day [1]
· Retail FX volumes account for around 5.5% of this total, or a value of $282 billion per day [1]
Use of proceeds:
· Acquiring target business as part of a share consideration
· Expenses relating to the acquisition (e.g. due diligence, legal and accounting costs)
· Remaining cash to be used for working capital purposes
Borden James, the Company's Chairman, commented: "With global FX market volumes reaching over US$5tn per day, it is the largest financial market globally, yet it is also one of the most fragmented. This, combined with an increasingly complex regulatory environment and lower thresholds for risk across the industry, means that this fragmented market is prime for investment and consolidation.
"The knowledge and experience of the Board, in particular in the FX, financial services and legal and compliance sectors, will contribute to the implementation of company strategies in the acquired businesses that enhance shareholder value and generate strong returns for investors.
"We are very pleased to have secured investment for the Admission and look forward to executing our stated acquisition strategy for the benefit of our shareholders."
[1] The Bank of International Settlements Triennial Central Bank Survey of foreign exchange and OTC derivatives markets in 2016, September 2016
Copies of the Prospectus, published by the Company on 7 October 2016 in connection with the Admission, will be available from the Company's registered office at Unit 514, The Metal Box Factory, 30 Guildford Street, London, SE1 0HS and at the National Storage Mechanism website at http://www.morningstar.co.uk/uk/NSM. The Prospectus, along with further information about the Company, can also be found at www.bihplc.com
ENDS
Boston International Holdings (BIH) is a special purpose acquisition company (SPAC) listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. BIH is seeking to acquire a business operating in the foreign exchange (FX) sector. Following the acquisition, BIH intends to seek re-admission of the enlarged group to trading on the London Stock Exchange or admission to another stock exchange.
Enquiries:
Yellow Jersey PR Limited (Financial PR)
Charles Goodwin / Joe Burgess
Tel: +44 203 735 8918
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseCrimson Tide PLC : Long Term Contract with NCHCD
RNS Number : 2818M Crimson Tide PLC 12 October 2016 Crimson Tide PLC ("Crimson Tide" or the 'Company') Crimson Tide signs long term contract with National Centre for Hereditary Coagulation Disorders (NCHCD) Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has entered……
RNS Number : 2818M
Crimson Tide PLC
12 October 2016
Crimson Tide PLC
("Crimson Tide" or the 'Company')
Crimson Tide signs long term contract with National Centre for Hereditary Coagulation Disorders (NCHCD)
Crimson Tide ﴾TIDE﴿, the AIM‐quoted provider of mpro5 ‐ Smart Mobility as a Service, has entered into a contract with the NCHCD in Ireland, whereby mpro5 will deliver its healthcare solution to patients in the management of treatment for hereditary coagulation disorders, commonly known as haemophilia.
The contract value is worth approximately €140,000 in revenue over a term of 36 months, which includes delivery of the mpro5 mobility solution directly to patients. This is the first contract Crimson Tide has signed directly with the NCHCD as previously its solutions were delivered via a third party.
Patients at home use mpro5 to scan medication they receive from the hospital. The barcode information is then sent to a central hub for verification of type and date ranges. Confirmation is then returned to the patient, informing them of the medication validity and safe administration.
New functionality now improves this process, – including verification of stock levels and expiry date prompts, thereby providing further information to the patient and assisting in reducing stock wastage.
Barrie Whipp, Executive Chairman of Crimson Tide, said: "We are delighted to be able to work directly with the NCHCD in providing patients with hereditary coagulation disorders a solution to manage their use of prescribed pharmaceutical products. This empowers patients to manage their condition and provides the NCHCD with valuable real time information."
For further information:
Crimson Tide plc
Barrie Whipp/Steve Goodwin 01892 542 444
WH Ireland
James Joyce /James Bavister 020 7220 1666
Notes to editors
1. Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 ‐ Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.
2. Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world‐class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.
3. mpro5 is a platform‐agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.
4. mpro5 not only helps people improve their day‐to‐day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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CloseNeville Registrars welcomes Boston International Holdings Plc
Neville Registrars is delighted to welcome Boston International Holdings Plc as the newest addtion to its list of client companies. Boston International Holdings is a special purpose acquisition company listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange, which is seeking to……
Neville Registrars is delighted to welcome Boston International Holdings Plc as the newest addtion to its list of client companies.
Boston International Holdings is a special purpose acquisition company listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange, which is seeking to acquire a business operating in the foreign exchange sector.
Further information can be found on the Company's website: http://www.bihplc.com/
Close
WANdisco Plc : WANdisco secures two new record contracts
RNS Number : 0768M WANdisco Plc 10 October 2016 10 October 2016 WANdisco plc ("WANdisco" or the "Company") WANdisco secures two new record contracts Big Data contract WANdisco (LSE: WAND) a leading provider of enterprise-ready, non-stop software solutions, is pleased to announce it has secured……
RNS Number : 0768M
WANdisco Plc
10 October 2016
10 October 2016
WANdisco plc
("WANdisco" or the "Company")
WANdisco secures two new record contracts
Big Data contract
WANdisco (LSE: WAND) a leading provider of enterprise-ready, non-stop software solutions, is pleased to announce it has secured a significant new Big Data contract through a large Oracle reseller. The end customer is a leading US financial services institution. This contract, secured in conjunction with WANdisco's partnership with Oracle, is the largest so far for WANdisco's Fusion Big Data product and is valued at $1.5 million.
The end customer joins a growing list of companies using a combination of WANdisco Fusion and Hadoop for storing and analysing huge amounts of unstructured data running on Oracle's Big Data Appliance ("BDA").
ALM contract
In addition, WANdisco also secured its largest deal in two years for its Subversion MultiSite Plus ALM (application lifecycle management) software with a major global bank headquartered in Europe. The value of the deal is $775,000.
David Richards, WANdisco Chief Executive Officer, comments:
"We're delighted to have secured two important contracts both in terms of size and market opportunity that help us towards our targets for this financial year and beyond. The Big Data contract win is testament to the progress our product is now having across the market. The end customer is one of Oracle's largest BDA customers and joins a growing list of companies using WANdisco Fusion with Oracle BDA for critical analytics applications that require continuous availability across multiple locations.
"Our new business pipeline for cloud solutions continues to grow. We remain focused on delivering our objectives of growing revenues, controlling our cost base, becoming cash flow breakeven and taking the market opportunity that is open to us."
For further information, please contact:
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WANdisco plc |
via Vigo Communications |
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David Richards, CEO and Interim Chairman |
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Vigo Communications |
+44 (0)207 830 9700 |
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Jeremy Garcia / Fiona Henson / Antonia Pollock |
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Investec (Joint Broker and NOMAD) |
+44 (0)207 597 4000 |
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Christopher Baird / Dominic Emery |
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UBS (Joint Broker) Rahul Luthra / Sandip Dhillon |
+44 (0)207 567 8000 |
About WANdisco plc
WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability. WANdisco's products are differentiated by the company's patented, active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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CloseMission Marketing : Launch of new Sales Promotion business
RNS Number : 0439M The Mission Marketing Group PLC 10 October 2016 Launch of new Sales Promotion business The Mission Marketing Group plc ('the missiontm', "the Company", AIM: TMMG), the marketing communications and advertising group, has today announced the launch of Mongoose Promotions, a specialist sales promotion business. Sales promotion……
RNS Number : 0439M
The Mission Marketing Group PLC
10 October 2016
Launch of new Sales Promotion business
The Mission Marketing Group plc ('the missiontm', "the Company", AIM: TMMG), the marketing communications and advertising group, has today announced the launch of Mongoose Promotions, a specialist sales promotion business. Sales promotion is a technique to help Clients better understand the behaviour of their customers and to create and execute campaigns to influence this, whether the aim is to sell more products, encourage the testing of new products or to attract new members.
Mongoose Promotions will bring a new source of revenue to the Company and further expands the Client offering of the missiontm. The Board believes that there are many opportunities to provide this capability to Clients across the Group.
Mongoose Promotions will be headed up by David Pearson, who recently joined the missiontm and brings with him a wealth of experience, including 15 years at Motivcom where he was responsible for running the sales promotion division and led a team to establish cinema promotions and rewards specialist, Filmology. He has also held the role of Head of Consumer Programmes at Sodexo Benefit and Reward's UK COMEX.
David Morgan, Chairman of the missiontm, commented: "We are aiming to build the UK's most respected Agency Group, capable of providing a complete range of marketing communications services to any Client.
"We have been building our capabilities through hiring new teams, acquisitions and, more recently, start-up ventures. The launch of Mongoose Promotions is another step on our journey and, through the highly experienced David Pearson, introduces a proven capability that will enable our Clients to match brands with the best, and most appropriate, promotional opportunities."
To hear more from David Pearson and watch the Mongoose Promotions launch video, please click on this link:
https://www.brrmedia.co.uk/broadcasts-embed/57f3c9b8b01a762667df77fe/event/?popup=true
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Enquiries David Morgan, Chairman Peter Fitzwilliam, Finance Director The Mission Marketing Group plc |
020 7462 1415 |
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Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking) |
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finnCap Limited |
020 7220 0500 |
the missiontm is a network of entrepreneurial marketing communications Agencies employing over 950 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients. www.themission.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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