REG - Brandshield Systems - WeShop Acquisition

Brandshield SystemsAnnouncement

17/11/2021 13:10

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RNS Number : 7069S  Brandshield Systems PLC  17 November 2021

 

 

 

17 November 2021

BrandShield Systems plc

("BrandShield", or the "Company")

Update on Offer to Acquire Business, Assets and Name of WeShop by Boanerges
Limited

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions from brand protection to online threat hunting, notes the
announcement made by Boanerges Limited in relation to the passing of all
resolutions at its general meeting held earlier today.  The resolutions
passed include approval to acquire the business, assets and name of WeShop
Limited, pursuant to an asset purchase agreement with WeShop Limited. This has
also been approved by WeShop Limited's shareholders.  The full announcement
by Boanerges can be found at the following link:

 

All Announcements | Aquis
(https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3324173)
(https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3324173)

 

BrandShield currently holds 508,809 shares in WeShop Limited, representing
10.5% of WeShop's current issued share capital.

 

Yoav Keren, CEO of BrandShield Systems Plc, has, as a result of the asset
acquisition, resigned from the Board of WeShop Limited.

 

 

Enquiries:

 

 BrandShield Systems plc                                                  +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)                      +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                                             +44 (0)20 7408 4090

 Toby Gibbs / James Thomas (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                                       +44 (0)20 3368 3554

 Peter Krens

 Vigo Consulting (Financial Public Relations)                             +44 (0)20 7390 0237

 Jeremy Garcia / Antonia Pollock

 brandshield@vigoconsulting.com (mailto:brandshield@vigoconsulting.com)

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER
THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

About BrandShield

 

BrandShield is a leading cybersecurity company founded in Israel by
cybersecurity experts that protect the world's largest brands and consumers
from phishing attacks, online fraud, and other online threats posed by
dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies,
tracks, and eliminates online threats for global brands and organizations,
including Bristol Myers Squibb, Levi's, NewBalance, Swisscom, and
the Pharmaceutical Security Institute. BrandShield is quoted on the London
Stock Exchange AIM under ticker symbol BRSD. To learn more about BrandShield,
please visit the company website at www.BrandShield.com
(http://www.BrandShield.com) .

 

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