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LocoSoco Group Plc #LOCO – New Partnership Agreements & Board Advisory Appointments
LocoSoco Group Plc, the company that builds technology to profit from creating sustainable communities and is listed on the Direct Market segment of the Vienna MTF, is pleased to provide details of new partnership agreements with Purview and LickList, distributor exclusivity for a new hand sanitiser product, additional sites with Co-Op and James’s Retail and additions to the advisory team.
LocoSoco Group Plc (LOCO) is listed on the Direct Market segment of the Vienna MTF. For quotes and trading data, link here: https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BD5BTL23&ID_NOTATION=246035708
New Partnership Agreements
LocoSoco are pushing ahead with their partnership model to secure distribution opportunities for sanitisation products and services across a wide range of industries.
We are pleased to announce a new partnership with Thermal Imaging Camera Technology Company Purview. With advanced detectors and AI algorithms, Temperature Screening and Facial Recognition, Purview Thermographic Cameras can detect elevated skin-surface temperatures, and can thus be used for rapid and preliminary temperature screening in office buildings, factories, stations, airports and other public places. More info at this link. https://locoso.co/thermal-screening-ai/
LocoSoco and LickList, which supports 6,000 venues in the UK have teamed up to provide back-to-work solutions to the hospitality industry.
We have secured exclusivity across independent retailers to distribute a hand sanitiser product and surface spray that is accredited to kill Covid-19. The product provides a residual 4-hour efficacy, while the surface spray provides a 7-day protective layer against bacteria and viruses.
LocoSoco have secured additional new sites within the Co-Op Southern Estate and the James’s Retail Estate.
New Advisors Joining the Team
Due to the influx of international opportunities and procurement spanning health care products, sustainable products and technologies, LocoSoco are delighted to welcome new members to the advisory board
Charlie Regis of Styliff, an award winning international entrepreneur with experience across UK and North America in delivering new technologies and products across a variety of sectors.
Payments and FX expert Brett Darby brings a wealth of experience in international payments and financial services.
Jeremy Derman is a renowned expert in international trade, specialising in the PPE market for over 20 years.
Tamara Shelley joins as our North American advisor, working to create new business opportunities for LocoSoco in North America.
Alexia Latham joins to provide PR services, and offers a wealth of experience working in the sustainability space and with brands across the retail sector
LocoSoco CEO James Perry commented: “As markets at home and around the globe continue to develop and evolve to meet the unprecedented challenges we face today, LocoSoco remains focussed on building strategic partnerships and alliances that secure supply and allow us to scale up and meet the demand from our communities. The opportunities for growth and further diversification of our offering have never been stronger, and along with the new partnerships announced today, we are delighted to welcome Charlie, Brett, Jeremy, Tamara and Alexia to help us manage the challenges ahead.”
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 #LOCO – Heart of England Co-operative Society Distribution Arrangement
LocoSoco Group Plc, the Wiener Borse DM traded company that builds technology and products to profit from creating sustainable communities, is pleased to announce a new distribution arrangement with the Heart of England Co-operative Society.
Following on from our strong March trading performance announced on April 3rd 2020, LocoSoco have signed a distribution arrangement with the Co-Op to install 35 outlets with eco-refill stations.
Heart of England Co-operative Society Ambient Category Manager Philip Moore commented: “This product is very much in demand by our local communities – its popularity has been demonstrated by a fantastic first week of sales in our stores. We look forward to working with the company to develop our sustainable solutions even further for the benefit of our members and customers.”
LocoSoco CEO James Perry commented: “At present, it seems that as fast as we can supply our existing network, new distribution channel opportunities continue to materialise. We are delighted to secure this new distribution arrangement with the Heart of England Co-operative Society and look forward to working with them on further sustainability initiatives.
Following on from our March update, our network continues to grow, and I would like to once again acknowledge our dedicated team and distribution network who have worked night and day to make this happen.
Don’t forget to check in to the LocoSoco website (www.locoso.co) for the latest news and developments. I look forward to providing further updates.”
LocoSoco Group Plc (LOCO) is listed on the Austrian Wiener Borse DM stock exchange. For quotes and trading data, link here
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 #LOCO – Trading Update and Warehouse Facility
LocoSoco Group Plc, the Wiener Borse DM traded company that builds technology to profit from creating sustainable communities, is pleased to provide a trading update.
Highlights:
- GBP150,000 revenue in March 2020 from sales of hand sanitiser and refill stations.
- LocoSoco has temporarily secured a warehouse in Essex, sited adjacent to the M25. The warehouse premises has a 4,000 square metre capacity, and has already been adapted by LocoSoco as a click and collect distribution pointfor retailers and regional distributors. Subject to negotiation, it is the company’s intention to secure this warehouse, or a similar premises a permanent distribution / collection hub for LocoSoco.
- With 250 outlets across the UK, LocoSoco continue to develop relationships and expand existing networks with a range of leading local brands.
- LocoSoco shares for shelfspace offering is rapidly gaining in popularity, i.e. shelfspace in exchange for with equity in stores across the country (10cm here, 10cm over there, a hook to display here, a screen to promote there etc). We anticipate up to 10km of shelfspace will be sold this year.
- Accelerated rollout of local community ‘enablers’, i.e. MyEco.Site, Eco Refill stations and MyDistro.Co
The surge in activity and volume has created an urgent need for a new distribution hub and warehouse. As such we have temporarily secured a warehouse in Essex, sited adjacent to the M25. The warehouse premises has a 4,000 square metre capacity, and has already been adapted by LocoSoco as a click and collect distribution point for retailers and regional distributors. We also intend to offer storage for supplies for/ from businesses that are unable to trade through the COVID-19 pandemic. Subject to negotiation, it is the company’s intention to secure this warehouse, or a similar premises a permanent distribution / collection hub for LocoSoco.
The LocoSoco shares for shelfspace concept has also become very popular with our retailer network. Quite simply, we gain shelfspace in exchange for LocoSoco equity in stores across the country (10cm here, 10cm over there, a hook to display here, a screen to promote there etc). We anticipate up to 10km of shelfspace will be sold this year, and this in turn creates a unique opportunity to bring challenger brands to market.
LocoSoco CEO James Perry commented: “This unprecedented surge in activity and volume has resulted in our team working around the clock to distribute supplies to 250+ outlets across the UK. Our sales have grown rapidly as a result of this, with GBP150,000 of sales in March alone. I would like to put on record my heartfelt thanks to our people who have worked night and day to make this happen.
We have worked to ensure our team comply with safe working practice, including social distancing and self isolation. Thankfully, no LocoSoco employees have tested positive for the COVID-19 virus.
I look forward to updating you on further progress in the coming weeks and months. Don’t forget to check in to the LocoSoco website (www.locoso.co) for the latest news and developments.
Please stay safe in the current pandemic crisis!”
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) – Sustainability Audit and Board Appointments
LocoSoco Group Plc, the Wiener Borse DM traded company that builds technology to profit from creating sustainable communities, is pleased to announce the launch of a Sustainability Audit and two Board Appointments.
Sustainability Audit:
LocoSoco are pleased to launch a Sustainability Audit for businesses. Trained auditors will attend a business premises and perform an audit on the business and it’s processes to discover where changes can be made to improve environmental impact and achieve a zero carbon rating. The audited company will then be furnished with a list of suggestions on how best to make those changes in areas including.
- Energy usage and wastage
- Waste disposal and handling
- Supply of materials and sundries
- Cleaning & maintenance.
Where appropriate, our auditors will recommend LocoSoco’s MyEco.site, MyDistro.co and MyRefillShop as part of any change solution to achieve a zero carbon rating.
To get your business audited, contact sustainability.audit@locoso.co
Board Appointments:
Former Google Strategic Marketing Director Sarah Speake and marketing expert Anna Palmgren-Houel have today joined the LocoSoco advisory board as Non-Executive Directors to help guide LocoSoco in driving sustainability across a range of business sectors.
Sarah Speake commented: “As an Advisory Board member for WWF and a parent, I very much have a vested interest in driving the sustainability agenda. LocoSoco epitomise a vision for sustainability that I whole-heartedly believe in and endorse. I am confident that LocoSoco have the people and the ability to drive a genuine change in attitude across the commercial landscape ”
Anna Palmgren-Houel commented: “The serious climate challenges we are all facing demand novel thinking. James and the Locosoco team are providing a commercial framework to empower local communities, while bringing sustainable products and services to their doorsteps. I am thrilled to be part of the journey”
CEO James Perry commented: “Sarah and Anna are both highly regarded as evangelists for sustainable living, and bring a huge depth of experience and contacts to our board. Added to this, they both share our vision to drive the ongoing move toward sustainable living into communities across the UK and beyond.
As we launch our Sustainability Audit, I am confident that both Sarah and Anna will play key roles in driving this forward. I am delighted to welcome them both to the LocoSoco board.”
Sarah Speake – Experience and Background:
Founder of Speake up Consulting, Sarah specialises in Aligning Board, Business & Brand. She is a goal-oriented, commercially driven former Board level CMO and senior Sales Director with 25′ years experience, specialising in business transformation & delivery. Sarah spent 7 years at Google, as Sales Director for Technology, and latterly as Strategic Marketing Director. Aside from holding these senior roles at Google, she is also known as an inspirational motivator, leader, mentor and coach, and has an excellent track record for implementing positive business change. Sarah is a proud member of WACL (Women in Advertising & Communications London), a passionate believer in Diversity driving better business and winner of a global TIAW (The International Alliance for Women) award for economic empowerment of women. Sarah is also a Marketing Academy mentor, a Cherie Blair Foundation mentor and holds a Professional Accreditation in Coaching at Henley Business School
Anna Palmgren-Houel – Experience and Background:
Anna is an international marketing and business leader, with 20+ years’ experience across 30+ countries. She is passionate about building brands, developing people, exploring digital boundaries, leading transformation and driving sustainability. She has a wide skill set across the full marketing mix in B2C, D2C and B2B, with experience in both operational country level and global central roles for multinationals, SMEs (incl. Private Equity backed) and start-ups. Companies & Brands include Britvic, E&J Gallo, Tommee Tippee, Miele, Moet Hennessy and Ericsson. Anna’s extensive experience, broad skills, energy, inclusive leadership style and can-do-attitude has enabled her to deliver results across a broad range of contexts and cultures.
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 #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 – Full year results, trading update and MyEco.site launch
LocoSoco Group Plc, the Wiener Borse traded company that builds technology to profit from creating sustainable communities is pleased to provide a comprehensive trading update and FY results for the year ending May 31st 2019.
Financial Highlights:
The loss after tax was £240,550 to 31 May 2019 2019, (31 May 2018: £32,279), giving a loss per share of 2.06 pence (31 May 2018: 0.31 pence).
During the year the Group raised £305,757 through share issues (2018: £179,978). Total assets increased from £222,382 in 2018 to £304,995 in 2019, and total equity increased from £196,814 in 2018 to £262,021 in 2019.
There is no tax charge for the year.
Operational and Post Results Period Highlights:
– Over 20 brand partnerships for sustainable products and services now in place, including prestigious brands such as Delphis Eco, Bio-D, Rude Health, Twipes, London Houseguards Gin, Torti Wine, Eco-Living now signed up as sustainable product and service partners, with over 10 new partnerships with store owners of symbol groups including Nisa, Costcutter, One Stop, Premier, Budgens, Simply fresh and Spar signed up in Q4 2019 alone.
– Over 50 shops signed up, with 20 in November 2019 alone.
– Over 25 refill stations now signed up, with over 10 in October 2019 alone.
– Over 40 My Eco-Sites, our ‘instant e-commerce solution’ web store and affiliate page for community assets launched in December 2019. MyEco.Site brings over a dozen partner brands with over 300 sustainable products as part of a roll out of services to enable community owned enterprise at scale.
LocoSoco CEO James Perry said: “While our statutory results to May 31st 2019 reflect a period of foundation-building for a technology start up company, I am delighted that the long anticipated roll-out of brand partnerships, shops and refill stations has absolutely hit the ground running, with our operational size effectively doubling during Q4 2019.
We are in the midst of a sustainable revolution both for the environment and the economy. At a rough estimate, 50% of household spend could transition into sustainable alternatives. That’s a whopping £400 billion market annually in the UK alone. A typical village with a church and local shop will generate some £1.5m in transactions, equating to around £37k per head in the village. LocoSoco can provide that community with the tools to move that spend into to sustainable alternatives.
We are also proud and excited to be launching MyEco Sites this month, providing our partner brands with a channel to address specific needs within communities. With My Eco Sites, we have provided our sales team with a complete range of tools to roll out to local communities across the UK. I look forward to providing a further trading update early in 2020.”
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, Klaus Schwerdtfeger
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
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
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