Completion of Acquisition

RNS Number : 9217B

KRM22 PLC

25 September 2018

 

KRM22 plc

("KRM22", the "Group" or the "Company")

Completion of Acquisition

KRM22 plc, (AIM: KRM: L) the technology and software investment company, with a particular focus on risk management in capital markets, is pleased to announce that further to the announcement made earlier today, the Company confirms that the acquisition of Prime Analytics is now complete.

Accordingly, Admission is now expected to become effective on or around 27 September 2018 ("Admission"). Following Admission, KRM22 will have 16,376,388 Ordinary shares in issue. All Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 16,376,388.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released earlier today unless the context requires otherwise.

For further information please contact:

KRM22 plc                                                                                                                                       via FTI Consulting LLP

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                                  [phone]

Carl Holmes / Kate Bannatyne

FTI Consulting LLP                                                                                                                           [phone]

Matt Dixon / Jamille Smith / Debbie Oluwaseyi Sonaike

This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR")

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management - a fundamental challenge that erodes their profitability and constrains opportunities to generate alpha.

Through the KRM22 Global Risk Platform, KRM22 offers a modular application portfolio addressing risk management challenges across risk domains, covering market, regulatory, technology and operations risk, and across these domains as enterprise risk to assess, monitor and manage the increasing correlation between them.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes to improve profitability and expand opportunities to increase portfolio returns by successfully leveraging risk into alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

 

END

 

 

ACQQELFLVKFXBBD