RCS - Tally Central Ltd - Shares Admission to Trading

Deccan Gold MinesAnnouncement

31/01/2025 08:15

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RNS Number : 3853V  Tally Central Ltd  31 January 2025

TALLY CENTRAL LTD

("Tally Central", "TAL" or the "Company")

Shares Admission to Trading

31 January 2025

Tally Central Ltd, the money innovator and central authority of the Tally
full-reserve physical gold monetary system, and digital gold currency,
tally®, is pleased to announce that its shares have been admitted to trading
on the JP Jenkins share dealing platform (TAL:JPJ) with an admission price of
3p per share, giving an indicative market capitalisation of c.£23 million.

Tally Central's monetary system empowers people to use sound money in an
everyday account and debit card, and provides transparent and inexpensive gold
ownership, with instant use.  Every unit of tally® (the currency, spelt with
a lowercase 't') represents 1 milligram of ethically sourced physical gold
from London Bullion Market Association (LBMA)-accredited brokers and vaulted
in Switzerland on behalf of Tally customers with LBMA-accredited high security
provider, Brinks®.  Tally's standalone monetary system operates
independently to the debt-based fiat-currency fractional-reserve banking
system but seamlessly works with established merchant payments and funds
transfers infrastructure.  Tally is the first in the world to offer
individual customer IBANs (International Bank Account Numbers) to access a
currency that is not issued by a government.

In addition to its core operating business, the Company holds strategic
investments of 5% or more in Bombay Stock Exchange-listed gold mining company,
Deccan Gold Mines Limited and travel industry Saas (Software-as-a-Service)
company, Journey Mentor Ltd.  Tally Central's audited accounts for financial
year ending 30 June 2024 that were completed and published at the end of
October 2024, showed the Company's total net assets in excess of £9 million
at financial year end.  The audited financial accounts can be found at
www.tallymoney.com/investors/reports
(http://www.tallymoney.com/investors/reports)

Cameron Parry, Chief Executive Officer and Founder, commented: "Tally is on a
mission to provide people with sound money, that benefits and protects
depositors and savers, and can be used as an alternative to the local currency
issued by the government's central bank.

Combining the value of gold with payments innovation, we deliver sound money
which is foundational to individual financial wellbeing, and promotes savings
and productivity in society.  Tally Central's monetary system enables people
to use tally as their everyday money, for savings and payments.  The
TallyMoney App also provides a transparent and inexpensive way to own gold in
seconds, with instant access through an everyday account and debit card.

Tally Central's subsidiary, Tally UK, currently has a base of several thousand
UK customers, and now with the focus moving to growing customer numbers and
customer activity over 2025 and 2026, it is timely for TAL shares to be
admitted to trading and we're pleased to be joining the JP Jenkins platform.

Tally Central declined to offer new ordinary shares as part of the admission
to trading which would otherwise establish a base market price for the
shares.  Therefore for the first two months of TAL shares being tradable on
the JP Jenkins platform, we're going to establish liquidity at a stable share
price of 3p.  After that time and reflecting on the demand from buyers and
sellers, we may set up an auction-style process so that buyers and sellers can
compete through bids and offers at different prices and have buy/sell orders
matched off at the end of each auction window.

From first concept through to initial product release in June 2019, through to
the proprietary technology platform build going live in May 2023 and building
out the organisation to a team of 30, development has been paid for through
previous capital raisings and investment returns of circa £15 million to
date.  Tally Central now has a scalable monetary technology with potential
global application and all the necessary operational resources in place, to
focus on revenue growth and achieving profitability of the core business over
the next two years.  With the Company able to fund itself through its
realisable investments during this period, admission of TAL shares tradeable
on the JP Jenkins platform provides an avenue for those looking to depart or
join this exciting new stage of Tally Central's journey."

 

tally® priced in GBP at time of this announcement (and previous
announcements):

·    1 tally® = 7.24 pence

·    £1.00 = 13.82 tally®

 

o  As of 08 January 2025 announcement, 1 tally = 6.92 pence (approx. £1 =
t14)

o  As of 08 October 2024 announcement, 1 tally = 6.44 pence (approx. £1 =
t16)

o  As of 31 July 2024 announcement, 1 tally = 6.05 pence (approx. £1 = t17)

o  As of 02 April 2024 announcement, 1 tally® = 5.79 pence (approx. £1 =
t17)

o  As of 02 January 2024 announcement, 1 tally® = 5.23 pence (approx. £1 =
t19)

o  As of 02 October 2023 announcement, 1 tally® = 4.86 pence (approx. £1 =
t21)

o  As of 03 July 2023 announcement, 1 tally® = 4.86 pence (approx. £1 =
t21)

o  As of 01 April 2023 announcement, 1 tally® = 5.11 pence (approx. £1 =
t20)

o  As of 31 December 2022 announcement, 1 tally® = 4.85 pence (approx. £1 =
t21)

o  As of 30 September 2022 announcement, 1 tally® = 4.77 pence (approx. £1
= t21)

o  As of 30 June 2022 announcement, 1 tally® = 4.77 pence (approx. £1 =
£21)

o  As of 01 April 2022 announcement, 1 tally® = 4.71 pence (approx. £1 =
t21)

o  As of 31 December 2021 announcement, 1 tally® = 4.33 pence (approx. £1 =
t23)

o  As of 30 September 2021 announcement, 1 tally® = 4.17 pence (approx. £1
= t24)

o  As of 30 June 2021 announcement, 1 tally® = 4.10 pence (approx. £1 =
t24)

o  As of 31 March 2021 announcement, 1 tally® = 4.00 pence (approx. £1 =
t25)

o  As of 31 December 2020 announcement, 1 tally® = 4.47 pence (approx. £1 =
t22)

o  As of 30 September 2020 announcement, 1 tally® = 4.71 pence (approx. £1
= t21)

o  As of 30 June 2020 announcement, 1 tally® = 4.63 pence (approx. £1 =
t22)

o  As of 31 March 2020 announcement, 1 tally® = 4.21 pence (approx. £1 =
t24)

o  As of 02 January 2020 announcement, 1 tally® = 3.71 pence (approx. £1 =
t27)

o  As of 25 November 2019 announcement, 1 tally® = 3.67 pence (approx. £1 =
t27)

o  As of 02 September 2019 announcement, 1 tally® = 4 pence (approx. £1 =
t25)

o  As of 10 June 2019, the initial release date, 1 tally® = 3.33 pence
(approx. £1 = t30)

 

 

JP Jenkins

JP Jenkins provides a share trading venue for unlisted or unquoted assets in
companies, enabling shareholders and prospective investors to buy and sell
equity on a matched bargain basis. JP Jenkins is a trading name of InfinitX
Limited and Appointed Representative of Prosper Capital LLP (FRN453007).

The indicative pricing for the ordinary shares as well as the transaction
history, will be available on the JP Jenkins website
at (https://jpjenkins.com/ (https://jpjenkins.com/) ).

 

For further information:

 Tally Central Ltd                JP Jenkins Ltd

 Investor Relations               Veronika Oswald / Mason Doick
 Email: corporate@tallymoney.com  Email: info@jpjenkins.com
 Tel: +44 (0) 20 3858 0373        Tel. +44 (0) 207 469 0937

 

 

About TALLY

·  Tally Central Ltd is the central monetary authority and innovator behind
the Tally monetary system, independent payments platform and physical-asset
digital money, tally®, which stays separate to but seamlessly exchanges with,
government-issued fiat currency (e.g. pounds, euros, dollars) for electronic
funds transfers, card payments and ATM withdrawals.

·    Each unit of tally® = 1 milligram of LBMA-accredited gold vaulted in
Switzerland with Brinks® on behalf of the customer and utilised by the
customer via their Tally Account with individual IBAN (International Bank
Account Number) and Tally debit Mastercard®.

·    tally is not a fiat currency and tally is not a cryptocurrency.

·   Tally's platform technology enables customers to use physical gold as
everyday money and save, send, and spend in real time.

·   Tally Savings & Everyday Accounts can be accessed via the
TallyMoney Smartphone App, available on iPhone and Android under "TallyMoney"
on the Apple App Store or Google Play Store.

·   Tally Central Ltd holds strategic investments by way of a significant
shareholding in Bombay Stock Exchange-Listed Deccan Gold Mines Limited (BSE:
DECNGOLD) and 5% of travel industry SaaS (Software-as-a-Service) provider,
Journey Mentor Ltd.

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