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LocoSoco Group Plc #LOCO – Letter to Shareholders
LocoSoco Group PLC
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
18th April 2019
Dear Valued Shareholder,
I wanted to thank you for your continuing support and give you an update on all things LocoSoco.
We successfully listed on Wiener Borse on 12th February 2019 with a list price of 0.29 euro cents. We are delighted to report that since then there have been a number of trades and our shares are currently trading at 0.89 euro.
Our listing is an important part of our long term plans as it enables us to generate liquidity for the balance sheet and new opportunities for investment.
We are in the process of issuing share certificates and anticipate that these will be with you by 10th May 2019.
We were also extremely pleased to bring on Simon Rendell as our chairman. Simon is a consultant at law firm Fieldfisher LLP with more than twenty-five years’ experience advising digital business clients on all aspects of their operations, delivering corporate and commercial advice covering everything from legal strategies for business growth through to the exploitation of intellectual property. His experience and input will be invaluable to our board as we develop and expand the LocoSoco offering.
Guiding communities to a sustainable future continues to be our focus. We’re bringing eco-friendly alternatives and new revenue channels to communities to ensure it creates value for everyone.
We see a future where local communities grow their own food and where churches, schools and sports clubs produce their own energy.
There is momentum behind eco-friendly and sustainability conversations so we are strongly of the view that our audience are in place, they are just waiting for us to turn up.
To this end we continue to build a network of localised distribution than encompasses local shops, schools, sports clubs and churches. We believe that there is huge untapped potential in these community assets that our mission for sustainability will help to unlock.
We will update you as events progress
Best wishes
James Perry
CEO
LocoSoco Group plc
A sustainable future for local shops – LocoSoco Group Plc #LOCO
Local shops are a focal point for any community. They are part of its history and part of its story. Without them our villages and towns become simple dormitories but sadly they are closing at an alarming rate. Independent traders are having to shut up shop due to the punishing economics created by out of town supermarkets and rising business rates. It’s not just retailers that suffer, there’s also a knock-on effect to other local businesses. In rural areas the impact is perhaps more acutely felt.
But all is not lost. There are a growing number, 300 at the last count, of local shops that are being turned into community owned enterprises.
There are a number of organisations set up to help communities in this predicament. The Plunkett Foundation (plunkett.co.uk), helps rural co-ops to develop, and Brighter Futures Together (www.brighterfuturestogether.co.uk) offers advice on how to help communities take back ownership of their prized assets.
Although a vibrant and committed community can activate this support it sadly doesn’t change the dynamics of the market.
We have arguably been sleep-walking to this point but are now starting to wake up to the fact that ‘keeping local alive’ benefits everyone. LocoSoco was born from this recognition and believe there are other approaches to levelling the playing field for local shops.
The current drive for sustainabilIty is a big opportunity. Buying what we need and reducing waste should work well for a retailer that manages numerous small transactions rather than 1 or 2 large ones. Refil models for cleaning products or food staples would be one such way to ensure sustainability is commercially attractive. In addition harnessing the power of the web would enable a local shop to sell a wider range of goods to a larger customer base. It needn’t stock them, they can be ordered and collected. The concept is well understood by consumers. That additional in-store footfall will also create incremental revenue.
Local shops and the communities they serve and are waking up to the fact that they can take greater control of their economic environment. LocoSoco is focused on helping them realise that potential and are currently working with a growing number of communities and their local shops to help them become part of a sustainable revolution.
This and other #sustainableliving #socialenterprise blogs can be found at https://locoso.co/news/
Community power at work – LocoSoco Thought Leader
LocoSoco are focused on helping communities realise their potential and guide them to a more sustainable future by turning assets into social enterprises. So it was this writers delight to discover this shining example of community power in a tiny Cambridgeshire village.
Changing social habits and rising taxation on our leisure activities has meant that pubs are fast ceasing to be profitable for their corporate owners. They are being sold off, demolished or even converted to many other uses without planning permission or the involvement of the local community who often relied on them.
In 1991 The Green Man, in Thriplow, Cambridgeshire was under threat of being sold by the brewery as a house with planning permission for another dwelling in the grounds. Luckily pressure from locals prevented this and The Green Man was bought by two individuals who gave The Green Man a better future as a free house.
On 1st October 2012, a new limited company formed to manage the purchase of The Green Man. 71 shareholders from Thriplow and surrounding communities pooled their resources to ensure the pub would remain open and preserve it as an asset for the village. The community support the pub by using it & feel a great deal of ownership over it. This is the best support a village pub can ask for.
Today, and we can vouch for it, The Green Man in Thriplow is one of the best pubs in rural Cambridgeshire and nearly 5 stars on Trip Advisor support this.
With beers brewed specifically for them and locally sourced produce that delivers a fabulous menu all the hard work and money invested is proof to how important this community asset is to the people who use it.
The nature of ‘pubs’ will inevitably change as society changes but wouldn’t it be good if we could recognise these historic establishments for the value they deliver to the local community and find ways to enhance that value in the 21st century.
With the backing of the community and a little lateral thinking maybe the future of the pub is healthier than we realise.
Brand CEO Alan Green discusses LocoSoco Group #LOCO, Petrel Resources #PET & iEnergizer #IBPO on Vox Markets podcast
Brand CEO Alan Green discusses Wiener Borse listed LocoSoco Group Plc #LOCO, plus Petrel Resources #PET & iEnergizer #IBPO with Justin Waite on the Vox Markets podcast. The interview starts at 23 minutes 13 seconds.
NB: In this podcast, Alan discusses LocoSoco Group Plc, and refers to LocoCoin as a crypto currency. We need to clarify this: LocoCoin is NOT a crypto currency, but is the entity that will undertake and manage the cashback rewards system and investment side of LocoSoco’s offering. The business has yet to commence and will only commence as and when appropriate legal advice has been taken to ensure full compliance with any regulatory and legal requirements.
LocoSoco Group #LOCO podcast – Director Alex Marks talks to Alan Green
Alex Marks is Director at LocoSoco group Plc, epic code #LOCO, a UK company that listed on the Austrian stock exchange (Wiener Borse) last month. LocoSoco is focused on enabling local businesses and their communities to realise their economic potential through sharing in and reinvesting some of the value generated from their everyday transactions. In this podcast with Alan Green, Alex discusses the business model, how members earn commission, the social enterprise phenomenon and recent board appointments.
LocoSoco website link here
Wiener Borse LOCO quote page here
LocoSoco company page here
Why eco-friendly isn’t a luxury anymore – LocoSoco Thought Leader
Why eco-friendly isn’t a luxury anymore
In some circles the notion of being ‘green’ or ‘eco-friendly is a bit of an anathema. Too expensive, not useful and not available round here.
In addition, the stereotypes given to the environmentally aware have not always been kind.
They can range from the chia latte drinking, yoga-tastic, husband works in the city, yummy mummy’s of suburbia to the dog on a string hippy don’t build that road here eco-warrior of yore.
So, to date many of the barriers to adoption have been high and uptake has been driven by the zealous or those with the means.
Products that we use every day such as washing up liquid, toilet roll, and bin bags are widely available both online and in-store. But on the first channel they need to be actively looked for and in the supermarket their presence is swamped by the promotions of the corporations.
For the average shopper, price and convenience are the strongest levers when it comes to buying everyday household items, and why shouldn’t they be?
LocoSoco are bringing eco-friendly products to market at a price comparable to the big brands. We can do this through the power of bulk buying, which keeps the costs to you low.
You’ll be able to buy them at a place that is probably the most convenient of all. Your local shop. Its probably just down the road, rather than out of town.
When you run out you can go back for a refill.
Simple isn’t it? But then the best ideas always are.
Is social enterprise the saviour of the high street?
Unless you’ve been living under a rock it won’t be news to you that the traditional high street is under threat in most parts of the country and has almost dissolved entirely in others.
The butcher, baker and candlestick maker have been replaced by café’s, charity shops and chains stores. The supermarket and the growth in online shopping are two of the main contributory factors and they aren’t going away anytime soon.
Nor should they. They create jobs and revenue. Unfortunately, that generated revenue doesn’t benefit the local community in they way that perhaps it should or could.
Social Enterprise exists to achieve a social mission, such as providing healthcare for the poor, creating community assets such as an arts centre, or recycling waste and turning it into luxury handbags.
What differentiates a social enterprise from a charity is that it delivers sustainable revenue and reinvests it back into the business or the local community.
It is arguably the fastest growing entrepreneurial sector.
So imagine a high street where these social enterprises have taken up the mantle left by small businesses that were no longer able to compete.
Imagine that every time you purchased goods or services you were able to get actual real money back from the revenue generated.
Imagine being given the choice to take that money back or re-invest it into projects that your local community needed.
Imagine being given that choice in a world where people who don’t walk in your shoes take your taxes and decides how they are spent.
Imagine that one day, not far from now, the high street looks a little different. Locally owned shops thrive once more. Their contributions genuinely benefitting the people and the community that invests in them.
This is part of the LocoSoco vision.
Beats club card points, don’t you think?
LocoSoco Group Plc #LOCO – Simon Rendell Appointed as Chairman
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains is pleased to announce, that following admission to the Wiener Borse market on February 12th 2019, as advised in the Company IM, Simon Rendell has been appointed as Non-Executive Chairman.
A consultant at law firm Fieldfisher LLP for the last year, Simon was previously Head of London Office at Osborne Clarke, which he joined in 1996 as a Partner and in 2005 spent eight months working as UK Interim Legal Director at Vodafone. He has more than twenty-five years’ experience advising digital business clients on all aspects of their operations, delivering corporate and commercial advice covering everything from legal strategies for business growth through to the exploitation of intellectual property.
Many of the clients he has acted for are based overseas, so a large proportion of his work has been cross-border. He has acted for businesses including Yahoo!, EE, Electronic Arts and VeriSign, and has worked with Facebook on its international growth, having advised on its expansion into 10 new jurisdictions in recent years. He is also a recognized expert in the mobile payments’ arena.
Simon qualified as a lawyer in 1986 and has previously served as a non-executive director of several technology companies.
Simon is currently also Co-Founder of Pretty Green Limited, and Chairman of uCreate Limited, Ocean Barefoot Limited, Licklist Limited and London Intellectual Property Exchange Limited. He is also Non-exec director of Helecloud Limited.
During the last five years, Simon has been a director of the companies in the following table. Companies whose shares are traded on a public market are noted; all others are not listed or traded on any public market.
| No | Name of Company | Country Of | Date appointed | Date ceased | Market |
| incorporation and | |||||
| registration number | |||||
| 1 | Ucreate Ltd | 8503849 | 26-Oct-17 | Current | N/A |
| 2 | Horseguards London Dry Gin Ltd | 10886259 | 27-Jul-17 | Current | N/A |
| 3 | Pretty Green Group Ltd | 10781450 | 26-Jul-17 | Current | N/A |
| 4 | Ocean Barefoot Ltd | 6020058 | 05-May-17 | Current | N/A |
| 5 | SRPO Ltd | 10589534 | 30-Jan-17 | Current | N/A |
| 6 | Pretty Green Holdings Ltd | 10363287 | 07-Sep-16 | Current | N/A |
| 7 | Licklist Holdings Ltd | 9933601 | 01-Feb-16 | Current | N/A |
| 8 | London Ip Exchange Ltd | 8276679 | 30-Nov-12 | Current | N/A |
| 9 | Pretty Green Ltd | 5914755 | 21-Jan-09 | Current | N/A |
| 10 | Superiority Through Evolution Ltd | 10597508 | 05-May-17 | 31-May-18 | N/A |
| 11 | Rezurvit Ltd | 9782821 | 16-Mar-16 | 20-Dec-17 | N/A |
| 12 | Lucky Seven Ltd | 10839576 | 28-Jun-17 | 14-Dec-17 | N/A |
| 13 | Krzana HG Ltd | 9151648 | 29-Sep-14 | 03-Nov-17 | N/A |
| 14 | Imagine Hampshire Ltd | 8088023 | 02-Feb-14 | 25-Aug-17 | N/A |
| 15 | Osborne Clark LLP | OC397443 | 31-Oct-15 | 01-Nov-15 | N/A |
Simon will hold 250,000 shares representing 2.06% of the issued share capital and additionally holds warrants to acquire shares.
James Perry, CEO of LocoSoco Group Plc, commented:
“We are delighted to bring someone of Simon’s calibre in to Chair LocoSoco Group Plc. His experience and input will be invaluable to our board as we develop and expand the LocoSoco offering.”
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Alex Marks, Chief Marketing Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
Tim Curle
info@keswickglobal.com
+43 (1)740 408045
LocoSoco Group Plc #LOCO – Amendment: Admission to Trading on Vienna Bourse
(“LocoSoco”, or “the Company”)
Amendment: Admission to Trading on Wiener Borse
The following amendments have been made to the ‘Admission to Trading on Wiener Borse’ announcement released on 12/01/2019 at 7:00am under Release reference: PRNUK-1202190628-0386:
Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the “Admission Document”) published by LocoSoco Group PLC (the “Company”) on 12 February 2019 in connection with the proposed admission of the ordinary shares of 25 pence (traded in Euros) each in the capital of the Company (the “Ordinary Shares”) to trading on Wiener Borse, an internationally recognised and respected market in order to satisfy the liquidity requirements of existing shareholders and to enhance the potential for further fundraising to provide working capital to support the management’s ambitions for expansion
· On 18 September 2018, the Company entered into a Subscription agreement under which 1,000,000 new ordinary shares are to be issued at 25 pence per share on a date two months after the date of Admission to raise £250,000 gross (there are no costs associated with this).
· On 22 November 2018, the Company issued 1,000,000 new ordinary shares at 25 pence per share under a Subscription agreement raising £250,000 gross (again there are no costs associated with this).
· There are currently 12,152,701 Ordinary Shares in issue and 3.5 million warrants also issued with an exercise price of 25p.
All other details remain unchanged.
The full amended text is shown below.
LocoSoco Group Plc
(“LocoSoco”, or “the Company”)
Admission to Trading on Wiener Borse, Vienna and Share Subscription
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.
This announcement is an advertisement and not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the “Admission Document”) published by LocoSoco Group PLC (the “Company”) on 12 February 2019 in connection with the proposed admission of the ordinary shares of 25 pence (traded in Euros) each in the capital of the Company (the “Ordinary Shares”) to trading on Wiener Borse, an internationally recognised and respected market in order to satisfy the liquidity requirements of existing shareholders and to enhance the potential for further fundraising to provide working capital to support the management’s ambitions for expansion. Copies of the Admission Document are available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company.
12th February 2019
LOCOSOCO GROUP PLC
(“LocoSoco Group” or the “Company” and, together with its subsidiaries, the “Group”)
Admission to Trading on Wiener Borse and First Day of Dealings
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains is pleased to announcethe admission today of its Ordinary Shares to trading on the Wiener Borse market, Vienna (“Admission”) under the ticker “LOCO”. Keswick Global AG, of Hoffingergasse 16/1/6 A – 1120, Vienna, Austria is acting as Capital Market Coach and Broker to the Company in relation to Admission.
Highlights:
· Dealings in the Ordinary Shares of 25 pence (traded in Euros) will commence today under the Wiener Borse Ticker “LOCO” with the ISIN GB00BD5BTL23
· On 18 September 2018, the Company entered into a Subscription agreement under which 1,000,000 new ordinary shares are to be issued at 25 pence per share on a date two months after the date of Admission to raise £250,000 gross (there are no costs associated with this).
· On 22 November 2018, the Company issued 1,000,000 new ordinary shares at 25 pence per share under a Subscription agreement raising £250,000 gross (again there are no costs associated with this).
· There are currently 12,152,701 Ordinary Shares in issue and 3.5m warrants also issued with an exercise price of 25p.
The Company’s Admission Document is available on request by emailing contact@locoso.co.
James Perry, CEO of LocoSoco Group Plc, commented:“Our admission to the Wiener Borse today represents a significant milestone for LocoSoco group and strongly positions the company to accelerate its growth plans.
LocoSoco is uniquely positioned to engage with local business and their communities, enabling all to benefit from and share in the value of the everyday transactions they make with each other, both online and in-store. There are significant opportunities for growth in this new economic model both in the UK and globally which we intend to capitalise on.
We are delighted with the backing shown by a wide number of investors and we thank them for their support and we very much look forward to life as a public company and to updating the market on our continued progress in the months and years ahead.”
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Alex Marks, Chief Marketing Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
info@keswickglobal.com
+43 (1)740 408045
LocoSoco Group #LOCO CEO James Perry introduces the company and the listing on the Vienna Bourse
LocoSoco Group(LOCO.AV) CEO James Perry introduces the company and the listing on the Vienna Bourse.
Through LocoSoco:
– Local Communities share in the value of the transactions they make
– These transactions keep money in the local economy
– A portion of the money spent locally is recycled into local enterprise
– Growing transaction volume = growing investment opportunities
– Local retailers appearing on LocoSoco platform benefit from exposure to a much wider audience
LocoSoco Group Plc (LOCO.AV) – Admission to Trading on Wiener Borse, Vienna and Share Subscription
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.
This announcement is an advertisement and not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the “Admission Document”) published by LocoSoco Group PLC (the “Company”) on 3 December 2018 in connection with the proposed admission of the ordinary shares of 25 pence each in the capital of the Company (the “Ordinary Shares”) to trading on Wiener Borse, an internationally recognised and respected market in order to satisfy the liquidity requirements of existing shareholders and to enhance the potential for further fundraising to provide working capital to support the management’s ambitions for expansion. Copies of the Admission Document are available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company’s website.
Admission to Trading on Wiener Borse and First Day of Dealings
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains is pleased to announce the admission today of its Ordinary Shares to trading on the Wiener Borse market, Vienna (“Admission”) under the ticker “LOCO”. Keswick Global AG, of Hoffingergasse 16/1/6 A – 1120, Vienna, Austria is acting as Capital Market Coach and Broker to the Company in relation to Admission.
Highlights:
- Dealings in the Ordinary Shares will commence today under the Wiener Borse Ticker “LOCO” with the ISIN GB00BD5BTL23
- On 18 September 2018, the Company entered into a Subscription agreement under which 1,000,000 new ordinary shares are to be issued at 25 pence per share on a date two months after the date of Admission to raise £250,000 gross.
- With 12,152,701 new Ordinary Shares at 25 pence in issue and 3 million warrants also issued at 25p, the Company’s market capitalisation as at Admission, based on the Placing Price, is £3.78 million.
- On 22 November 2018, the Company issued 1,000,000 new ordinary shares at 25 pence per share under a Subscription agreement raising £250,000 gross.
The Company’s Admission Document is available on request by emailing contact@locoso.co
James Perry, CEO of LocoSoco Group Plc, commented:“Our admission to the Wiener Borse today represents a significant milestone for LocoSoco group and strongly positions the company to accelerate its growth plans.
LocoSoco is uniquely positioned to engage with local business and their communities, enabling all to benefit from and share in the value of the everyday transactions they make with each other, both online and in-store. There are significant opportunities for growth in this new economic model both in the UK and globally which we intend to capitalise on.
We are delighted with the backing shown by a wide number of investors and we thank them for their support and we very much look forward to life as a public company and to updating the market on our continued progress in the months and years ahead.”
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Alex Marks, Chief Marketing Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green
+44 (0)7976 431608
+44 (0)207 448 9839
Keswick Global AG (Capital Market Coach and Broker)
Tim Curle
+44 (0)7990 511553