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LocoSoco Group #LOCO – Trading Statement
LocoSoco Group Plc, the Wiener Borse traded company that builds technology to profit from creating sustainable communities, is pleased to announce a trading update for February 2020.
As indicated in post year end highlights in our full year results statement published on December 4th 2019, the last quarter of the year and decade delivered significant growth in partnerships across the independent retail sector, the backbone of LocoSoco’s vision to enable sustainable communities.
Over 150 shops were onboarded across the UK from Penzance to Aberdeen between October 2019 and January 2020. Added to this, more than 10 new advisors, among whom are some of the most successful and reputable leaders in the industry, have joined the team including:
- Kay Patel – Global Food & Wine (Best One) Multi-award winning retailer with a group of stores in East London, Member of the National Federation of Retailers Newsagent (NFRN) and Association of Convenience Stores (ACS).
- Avtar Sidhu – Budgens, St Johns Wood, Ex IT Company owner turned multi-award winning retail store owner and Board Member of the Association of Convenience Stores(ACS).
- Raj Aggarwal – Spar – Multi-awarding winning retailer with multiple outlets in the Midlands and Board Director of the Association of Convenience Stores (ACS) and Spar Meridian and Welsh Guild Board Member
The recently-launched MyEco.Site is already proving very popular with retailers as an online extension to their store fronts, giving them a new unique proposition to promote and sell over 300 eco-products to their respective communities.
LocoSoco Eco-Refill stations are now situated in over 50 shops and charity shops, along with a number of schools and places of worship. And Wandsworth Oasis has just set up a pilot scheme with MyEco.Site.
LocoSoco have also confirmed a stand at the biggest retail event of the year at the NEC in Birmingham (National Convenience Show). Founder and CEO James Perry will be taking part on a panel discussion on Sustainability in Retail on the 1st April. (email locosoco@locoso.co for complimentary tickets).
LocoSoco have also recruited a Community Psychologist, Luca Comazzi as Community Engagement Officer to build relationships, and articulate shared revenue and equity opportunities with communities across the country.
CEO James Perry commented: “The surge in community partners and advisors joining our team is no coincidence; the LocoSoco offering is seen as a potential cornerstone for sustainable commerce as we head into a new decade.
Industry backing for our offering continues to grow, as our company now offers the Holy Grail for brands by reaching independent retailers through our network.
LocoSoco Eco-Refill stations and MyEco.Sites will continue to incentivise our network of award winning retailers, and at the same time help challenger brands expand market share.
As trading patterns emerge from Eco-Refill and MyEco.Site outlets, we will be providing detailed financials and ARPU data in future updates.
During Q1 2020, we are targeting more than 500 outlets to become part of the LocoSoco network, and as we expand our team we aim to reach 4,000 by the year end. I look forward to updating you on further progress.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608 / +44 (0)207 448 9839
Keswick Global AG – Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com / +43 (1)740 408045
About LocoSoco Group Plc
LocoSoco builds technology to profit from creating sustainable communities. We work with community partners to turn community assets into eco-enterprises enabling them to generate additional revenues whilst going green.
Community partners have the opportunity to engage with their local community on sustainability, whilst also earning additional revenue for themselves, their businesses and causes.
LocoSoco Group Plc listed on the Austrian Wiener Borse Direkt Market in February 2019.
LocoSoco Group Plc (LOCO) – Issue of shares and change in Registered Office address
The Company announces that it has today issued 131,032 new Ordinary Shares of £0.01 each at a price of £0.25 per share, raising £32,758.
The issued share capital of the Company is now 12, 283,733 Ordinary Shares of £0.01 each.
The Company also announces that it has moved its registered office and its new registered office address is:
8 Madeira Avenue
Leigh on Sea
SS9 3EB
UK
LocoSoco Group PLC
James Perry, Chief Executive 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, Klaus Schwerdtfeger
info@keswickglobal.com
+43 (1)740 408045
LocoSoco Group Plc (LOCO) Directorate Change
Monday 24th June 2019
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains announces that CMO Alex Mark has resigned with immediate effect in order to pursue other opportunities.
The directors are seeking to appoint a suitable replacement as soon as possible, and an announcement will be made in due course.
James Perry, CEO of LocoSoco Group Plc, commented: “Alex has played a key role in the development of LocoSoco and in regard to our float on the Wiener Borse in February this year. We wish him well for the future.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive 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 – 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/