Angelfish Investments plc

June 04, 2015 09:13 ET

Re Agreement

4 June 2015
                                            Angelfish Investments Plc
                                            ("ANGP" or "the Company")
                                 Investment of up to £250,000 ("the Investment")

The  Company  is  pleased to announce that it has entered into a convertible loan agreement  ("Agreement")  with
Andes  Financial Services Limited ("Andes") pursuant to which the Company has agreed to invest  up  to  £250,000
into  Andes  to  be used exclusively for software development, details of which are set out below.  Andes  is  a
company registered in England and Wales and is authorised and regulated by the Financial Conduct Authority.

Pursuant  to the Agreement, interest shall accrue on the funds drawn down by Andes at a rate of 12%  per  annum,
payable  monthly  in arrears. Angelfish has the option to convert its Investment into ordinary shares  in  Andes
such that, if £250,000 is drawn down and then converted, Angelfish would hold 25% of the issued share capital as
enlarged of Andes (or pro rata for any smaller amount of the Investment). Should Angelfish not elect to convert,
the Investment will be repayable in full no later than 31 December 2015.

Andes  will  use  the Investment funds to develop a fully comprehensive computer software system  to  facilitate
straight  through processing of stock market share trades through Crest on the London Stock Exchange  and  other
share  trading markets. Once completed, Andes will look to provide its full share trading platform  to  new  and
existing brokers which will incorporate a full suite of services integrating the execution of share trades  with
compliance, finance and back office administration functions.

The Investment is secured against the fixed and floating assets of Andes.

The directors of the Company take responsibility for this announcement.



Angelfish Investments Plc                                
Andrew Flitcroft                                         +44 (0)7769 591096
Finance Director                                         

ISDX Corporate Adviser                                   
Cairn Financial Advisers LLP                             
Avi Robinson/Liam Murray                                 +44 (0)207 148 7900
SVS Securities Plc                                       
Kulvir Virk                                              +44 (0)203 700 0100

About Angelfish Investments plc

The  Company's Ordinary Shares are admitted to trading on the ISDX Growth Market in London. The Company has  the
ISDX trading symbol ANGP for its ordinary shares and the ISDX trading symbol ANGS for its preferences shares.

Contact Information

  • Angelfish Investments plc