Business
First Day of Dealings
First Day of Dealings.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n \nRNS Number : 5241X Beeks Financial Cloud Group PLC 27 November 2017 \n\n27 November 2017\nBeeks Financial Cloud Group plc\n(\"Beeks\", \"the Company\", or \"the Group\")\n \nAdmission to Trading on AIM and First Day of Dealings\n \nBeeks Financial Cloud Group plc (AIM: BKS), a niche cloud computing and connectivity provider for financial markets, is pleased to announce its admission to trading on AIM at 8:00 a.m. today (\"Admission\"). Dealings in the ordinary shares will trade under the ticker (\"BKS\") (ISN: GB00BZ0X8W18).\n \nThe Company has successfully raised a total of £7 million through a placing of 9,000,000 new ordinary shares and the sale by existing shareholders of 5,000,000 ordinary shares at a placing price of 50p (the \"Placing\").\n \nThe proceeds of the Placing will enable the Company to accelerate growth and take advantage of new opportunities within the existing Beeks' business. The Directors intend to enter new geographical markets by adding additional data centres around the world, increase WAN capacity, and add more cross connects between brokers and trading venues. Additionally, the Company will continue to enhance its self-service web portal and provide additional value added services to generate additional revenue from existing clients and attract new customers. The Company also intends to progress existing and new bolt-on and strategic acquisition opportunities.\n \nFurther information on the Company, including Beeks' Admission Document, is available on the Company's website www.beeksfinancialcloud.com.\n \nCenkos Securities plc is acting as nominated adviser and broker to the Company.\n \nGordon McArthur, CEO of Beeks Financial Cloud, commented, \"We are delighted to be joining AIM today in what marks a significant milestone for the Company. As a growing technology provider for automated trading, we believe that public company status and the new funds raised will enable us to accelerate our clear organic and acquisitive growth strategy.\n \n\"On behalf of the Board we would like to thank our clients, employees and shareholders for their support and we are excited about the prospects that lie ahead.\"\n \nThe Company has 49,000,000 ordinary shares of 0.125 pence each in issue following Admission. This figure may be used by shareholders as the denomi...