New Customer Contract

KRM22 PLC

15 April 2024

 

KRM22 plc

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

New Customer Contract

ARR for KRM22 plc up to £6.0m

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, is pleased to announce the signing of a major customer contract for the Limits Manager product.

The Company is pleased to announce it has completed the signing of a contract with a major Futures Commission Merchant ("FCM"), one of industry's top 15 largest FCMs.  The three year contract, worth over £0.6m over the life of the contract, is for the Limits Manager product.

The signing of this contract means that seven of the top 15 largest FCMs are now contracted to use the Limits Manager product, both direct with KRM22 and through the sales channel with Trading Technologies International, Inc. ("TT").

Following the announcement of this contract win, and as at the date of this announcement, the Group's Annual Recurring Revenue ("ARR") has increased by £0.2m to £6.0m.

Dan Carter, CEO commented: "This contract win further demonstrates that the Limits Manager product has become a firmly established product within the FCM community.  In addition, the growth in ARR to £6.0m is another milestone on our journey to create a £10.0m ARR, cash generative and profitable business."

For further information please contact:

KRM22 plc                                                                                          Garry Jones, Chairman Dan Carter, CEO Kim Suter, CFO	[e-mail]
Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)                        Carl Holmes / George Dollemore (Corporate Finance) Sunila de Silva (ECM)	[phone]

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.  With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

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.  The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as 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

 

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