Optima Worldwide Group PLC: Closure of Strand Capital Ltd
OPTIMA WORLDWIDE GROUP PLC
NASDAQ FIRST NORTH, COPENHAGEN TICKER: OWG
FOR RELEASE 19 MAY 2017
CLOSURE OF STRAND CAPITAL LTD
One of the Company's subsidiaries, Strand Capital Ltd, has, with the full co-operation and consent of the FCA, been shut down through the appointment of special administrators to conduct an orderly closure of the business, the objective being to protect client interests and minimise any potential losses to clients. The Directors do not believe that the closure of Strand will have a material impact on the operations of the Group going forward
The Group as previously stated is continuing its strategy to focus on its prime business of Merchant Banking.
THE DIRECTORS OF OPTIMA WORLDWIDE GROUP PLC ACCEPT RESPONSIBILITY FOR THIS ANNOUNCEMENT
Optima Worldwide Group PLC is the Parent company for the Group. The Group is engaged in the provision of financial and related professional services and holds investments in a number of companies, the principal operating subsidiaries being Brandon Hill Capital, which is regulated by the UK Financial Conduct Authority (FCA)
Further information may be found at the Company's website: www.owgplc.com
Company contact details:
+44 (0) 844 997 2082
Keswick Global AG
+43 1 740 408045
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Optima Worldwide Group PLC via Globenewswire