REG - KRM22 PLC - Subscription Update

KRM22Announcement

22/12/2021 07:00

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RNS Number : 4188W  KRM22 PLC  22 December 2021

KRM22 plc

("KRM22", the "Group" or the "Company")

Subscription Update

Completion of acquisition of Trading Technologies International, Inc. by
7RIDGE Investments 3 LP

KRM22 plc, (AIM: KRM) the technology and software investment company that
focuses on risk management for capital markets, is pleased to announce that
further to the announcement on 1 November 2021, the acquisition of Trading
Technologies International, Inc. ("TT") by 7RIDGE Investments 3 LP ("7RIDGE")
has now completed.

The Company will in due course provide a further update with regards to the
proposed subscription by 7RIDGE or its nominee for 25 per cent of the enlarged
ordinary share capital of the Company at 53 pence per share to raise
approximately £4.7 million in aggregate.

 

For further information please contact:

 

KRM22
plc
InvestorRelations@krm22.com

Keith Todd CBE, Executive Chairman and CEO

Stephen Casner, President

Kim Suter, CFO

 

finnCap Ltd (Nominated Adviser and Sole Broker)
        +44 (0)20 7220 0500

Carl Holmes / Kate Bannatyne

Alice Lane / Sunila de Silva (ECM)

 

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April
2018.  The Company has been established with the objective of creating value
for its investors through the investment in, and subsequent growth and
development of, target companies in the technology and software sector, with a
focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital
market companies reduce the cost and complexity of risk management.  The
Global Risk Platform provides applications to help address firms' market,
compliance, operations and technology risk challenges and to manage their
entire enterprise risk profile.

 

Capital markets companies' partner with KRM22 to optimise risk management
systems and processes, improving profitability and expanding opportunities to
increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with
offices in several of the world's major financial centres.

See more about KRM22 at www.krm22.com (http://www.krm22.com) .

 

About 7RIDGE

7RIDGE is an asset manager invested in transformative technology with a
focused on B2B companies within the financial services sector.  7RIDGE has
deep domain knowledge and strong networks, as well as a proven operating and
investment track record distinguish the team and empower the strategy.

 

About Trading Technologies

Trading Technologies (www.tradingtechnologies.com
(http://www.tradingtechnologies.com/) , @Trading_Tech
(https://twitter.com/trading_tech) ) creates professional trading software,
infrastructure and data solutions for a wide variety of users, including
proprietary traders, brokers, money managers, CTAs, hedge funds, commercial
hedgers and risk managers.  In addition to providing access to the world's
major international exchanges and liquidity venues via its TT® trading
platform, TT offers domain-specific technology for cryptocurrency trading and
machine-learning tools for trade surveillance.

 

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