Description of the business


Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With eleven data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients.

The Company currently offers server infrastructure and connectivity to its clients which enables same-day trading of Forex, Futures, Equities, Fixed income and cryptocurrency financial products on Financial Exchanges and Trading Venues.

The Group’s platform has been specifically designed for latency sensitive automated trading environments and provides ‘on demand’ low latency computing resources to its clients through its direct connectivity to the leading Financial Exchanges across the world.

The Beeks platform uses a cloud computing model, which enables clients to access and manage the trading services they need via the internet on month to month commitments. Clients use an ”on demand” or ”pay for what you use” model which provides low latency trading capability on a large scale and is quicker and cheaper than building their own bespoke physical server platform and obtaining network connectivity themselves, which could take several weeks, by which time the client’s trading advantage could be obsolete.

Beeks is positioned to benefit from the growth in the market for automated trading and the growing adoption of cloud computing. The Company operates in a fragmented marketplace, offering opportunity for accelerated growth through acquisition.

Beeks’ clients include over 170 financial institutions and over 6000 direct/indirect Virtual Private Server (“VPS”) clients worldwide. Over 30 Forex brokers, including some of the largest ranked globally by volume, “white label” the Beeks platform for use by their own clients.

 

Board of Directors


You can find the company’s directors and a biographical description of each on the Board of Directors page.

 

Country of incorporation


Company name: Beeks Financial Cloud Group plc

Country of incorporation: UK

Company registration number: SC521839

Main country of operation: UK

Registered office and principal place of business:
Phoenix House
Phoenix Business Park
Paisley
PA1 2BH

 

Information regarding other exchanges


The Company’s ordinary shares are traded on the AIM market of the London Stock Exchange. There are no other exchanges or trading platforms on which the Company has applied or agreed to have any of its securities admitted or traded.

 

Details of any restrictions on the transfer of AIM securities


There are no restrictions on the transfer of the Company’s securities.

 

Number of shares in issue*


50,753,000 ordinary shares of £0.00125 each

 

Percentage of AIM securities not in public hands (as defined in the AIM Rules for Companies)*


58.43%

 

Significant shareholders*


Name Holding post Admission (%)
Gordon McArthur 58.24**
HSBC Global Custody Nominee (UK) Limited 4.67
Anthony Doleman 4.63
Hargreave Hale Nominees Limited 3.88
Chase Nominees Limited 2.96

** Includes 740,000 Ordinary Shares held by Gordon McArthur’s wife, Claire McArthur, representing 1.46 per cent. of the issued share capital post-Admission.

Note: Gordon MacArthur is a Director of the company.

 

Key Advisers


Details of the Company’s nominated adviser and its other key advisers can be found on the Key Advisers page.

 

Shareholder Documents


You can find the most recently published annual accounts, including the Company’s Admission Document, on the Documents page.

 

Regulatory news service


You can find the most recent published news since admission on the Investor News page.

 

Details of Corporate Governance


The company’s full corporate governance code and how the company complies with the code can be found on the Corporate Governance page.

 

UK City Code on Takeovers and Mergers


Beeks Financial Cloud Group plc is subject to the UK City Code on takeovers and mergers.

 

 

* Information correct as of 5 December 2018