REG - Honye Financial Svcs - Signing of Appointed Representative Agreement

Honye Financial ServicesAnnouncement

08/03/2022 08:00

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RNS Number : 0005E  Honye Financial Services Ltd  08 March 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
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Embargoed for release at 7am on 8 March 2022

8 March 2022

Honye Financial Services Ltd

 (the "Company" or "Honye")

Signing of Appointed Representative Agreement

Honye Financial Services Ltd. is pleased to announce that, through its
newly-incorporated wholly owned subsidiary Honye Trading Limited, it has
signed an Appointed Representative and Tied Agent Agreement (the "Appointed
Representative Agreement") with an established London-based asset management
firm ("the Principal").

Subject to the Principal completing its on-boarding process, Honye Trading
Limited will be added to the FCA Register as the Principal's appointed
representative (the "Appointment").  It is expected that the Appointment will
become effective contemporaneously with completion of the Company's
acquisition of Zoyo Capital Limited and re-admission ("RTO"). With the
Appointment in place, the Company will seek to generate revenue from a
Zoyo-branded white-labelled mobile application whilst conducting further
R&D on its own stand-alone application and applying for full FCA
authorisation with the objective of eventually replacing the white-labelled
solution.

 

Chairman's comments:

"We are pleased to announce the next step on the path towards setting up and
running an equity trading mobile application. This approach will enable us to
commence trading within a matter of weeks of the RTO, generating revenue and
raising brand awareness of the Zoyo name many months earlier than would
otherwise be the case."

 

A further announcement will be made in due course

-Ends-

Further information:

 

Honye Financial Services Ltd

Gareth Edwards (garethmedwards1@gmail.com)

Peterhouse Capital Limited (sole broker)

Lucy Williams/Mark Anwyl +44 207 469 0930

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