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RNS Number : 6564S Tally Central Ltd 08 January 2025
TALLY CENTRAL LTD
("Tally" or the "Company")
Activities Summary 2024, Q4 Update & AGM Results
08 January 2025
Tally Central Ltd, the independent money innovator and central authority of
the Tally full-reserve non-fiat monetary system, and physical-gold digital
currency, tally®, is pleased to update shareholders about the Company's
activities and objectives.
Tally Central's monetary system empowers people to use sound money in an
everyday account with a Mastercard(®) debit card, and provides simple and
inexpensive gold ownership, with instant utility. 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 stored with LBMA-accredited high security vaulters, held on behalf
of Tally customers. Tally's standalone monetary system operates
independently to the debt-based fiat-currency fractional-reserve banking
system but seamlessly works with established merchant and payments
infrastructure. Tally is the first in the world to offer individual customer
IBANs (International Bank Account Numbers) denominated in a currency that is
not issued by a government.
Cameron Parry, Chief Executive Officer and Founder, commented: "Tally is on a
mission to provide people with sound money as an everyday mainstream
alternative that serves and protects them, as an alternative to their national
debt-based currency. Through innovation and competition, we endeavour to
enhance people's individual financial position and encourage productivity and
prosperity in society.
2024 provided some challenges and breakthroughs for the Company. For the
first half of the year the business was unable to onboard new customers whilst
migrating away from an old BaaS (Banking-as-a-Service) platform and
integrating with a new provider - Transact Payments Limited ("TransactPay").
In Q1, amongst platform integration work, in February 2024, Tally won 'Best
Product Design' for Tally's 'piece of art in your pocket' debit Mastercard®
at The Card & Payments Awards in London.
In Q2 2024, work continued to complete integration with TransactPay and from
June 2024 new customers were again able to be onboarded and issued with
individual IBAN (International Bank Account Number) accounts. Also
importantly, Tally's shares held in Bombay Stock Exchange-listed company,
Deccan Gold Mines Limited ("Deccan"), came out of lock-in.
Q3 2024 saw Tally divest part of its Deccan holdings and start recovering the
cost of its investment outlay, provide working capital and repay (including
repayments made in Q4) £1.8m in Convertible Loan Notes. In Q3 Tally also
commenced recruiting additional key talent into the team to complete the
organisational structure to deliver the UK market growth strategy and
concluded a new investment for a strategic 5% holding in travel industry SaaS
(Software-as-a-Service) company, Journey Mentor Ltd.
In Q4 2024, key additional personnel were secured and added to the TallyMoney
team, including: Chief Revenue Officer, Head of Product, Head of CRM, and Head
of Compliance & MLRO. In line with increasing organisational
capabilities, Tally used Q4 to evolve its UK market plans and global growth
strategies. In addition, Tally appointed a Guernsey-based corporate
specialist as Company Secretary to, among other activities, implement the
corporate strategy to see the Company's shares quoted in early 2025 on a
private capital market in London.
Tally Central starts 2025 as a self-funded fintech with global application of
its platform technology and the necessary operational resources to deliver
revenue growth over the next two years to achieve profitability of the core
business. To fulfil the Board's commitment to provide a readily available
secondary market for shareholders to buy/sell shares, the Board has determined
the best way to achieve this corporate objective whilst focusing resources on
core business growth, is to quote the Company's shares on the JPJ Jenkins
exchange in London. After 2026 the Board will review business performance as
well as the UK capital market's trajectory and reassess which public company
stock market, be it the London Stock Exchange, New York NASDAQ or other public
stock market, best fits the next high growth phase of Tally's commercial
development.
It has no doubt been a long hard road to get Tally to this point, but building
something of substance is never easy. There is much to drive and achieve
over the next two years, as we deliver choice to the public in the quality of
everyday money they can choose for saving and spending. And we shall do this
with Tally's shares tradeable on a private market for those looking to depart
or join this new stage of Tally's journey. In the words of the American author
Margaret Mead: 'Never doubt that a small group of thoughtful committed
citizens can change the world; indeed, it is the only thing that ever has'.
With that in mind we thank our team of dedicated individuals for their
resolve and our shareholders for their patience and support as Tally moves
into this new phase of growth and opportunity."
tally® priced in GBP at time of this announcement (and previous
announcements):
· 1 tally® = 6.92 pence
· £1.00 = 14.46 tally®
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)
AGM Results
The Annual General Meeting of Shareholders for Tally Central Ltd was held on
Wednesday the 11(th) of December 2024 at the Company's registered office in
Guernsey and all Ordinary Resolutions and Special Resolutions were unanimously
passed.
For further information or if shareholders have any queries, please contact
our office via corporate@tallymoney.com
Enquiries:
Cameron Parry (Chief Executive Officer) Tel: +44 (0)20 3490 6210
corporate@tallymoney.com www.tallymoney.com (http://www.tallymoney.com)
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 connects
with the fractional-reserve banking payments network to exchange seamlessly
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 contactless 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 spendable money and save, send, and spend in real time.
· Tally Savings & Everyday Accounts can be accessed via the
Tally' Smartphone App, available on iPhone and Android under "TallyMoney" on
the Apple App Store or Google Play Store.
· Tally Central Ltd holds investment assets by way of a significant
shareholding in Bombay Stock Exchange-Listed Deccan Gold Mines Limited (BSE:
DECNGOLD).
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