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Drumz Plc – Investment | 2020-09-07 | Press Releases – Stockhouse

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7 September 2020

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Drumz plc

(‘Drumz’ or the ‘Company’)

Investment

Further to the change of investing policy approved by shareholders on 30 June 2020, the directors of Drumz (DRUM.L) are pleased to announce that the Company has made its first technology investment in Acuity Risk Management Ltd, (‘Acuity’), which operates an award winning software business specialising in risk management.

Acuity’s business is the supply of its proprietary software, STREAM™, and services for cyber security and risk management, used by organisations globally for customers ISO 27001, GDPR, NIST Cyber Security Framework and other programs.

Drumz has invested £500,000 in cash for an initial 20 per cent. shareholding, in Acuity with an option to acquire an additional 5 per cent. for a further £125,000. As a condition of the transaction, Angus Forrest will become a director of Acuity.

The Acuity business was founded in 2005 by a team who had previously built a consultancy specialising in cyber security which was later acquired by Siemens. They encapsulated their knowledge in developing the STREAM™ software which was launched in 2007. This software enables a risk-based approach to cyber security, reducing the risk of security breaches, optimising cyber security activities and, in the event of a breach, mitigating damage through a strategic risk-based approach.

Acuity’s customers include government organisations, large and medium sized private enterprises in the UK, Europe, Africa and North America. Gartner reports the global market for Integrated Risk Management (‘IRM’) in 2020 to be $7.3 billion with projected growth to $9.3 billion by 2023. This is being driven by the development of new digital products and services designed to propel a company’s future growth. In turn this introduces new risks that require IRM technology.

Acuity regularly wins awards including in Information Age and TechWorld’s top cyber security companies in the UK supplying cybersecurity services to organisations globally. STREAM™ has been awarded a five star rating in the SC Media GRC, Risk and Policy Management Review for five consecutive years. In 2018, STREAM™ was Continuity, Insurance and Risk magazine’s cyber security product of the year.

The last published accounts for the Acuity business were issued by Acuity RM LLP for the 12 months to 31 March 2019 show that the business generated a profit before tax of £226,000 on revenues of £858,000. The net assets of Acuity RM LLP as at 31 March 2019 were £11,000. Acuity RM LLP transferred its business to Acuity earlier in 2020.

More information on Acuity can be found via the following link www.acuityrm.com

Angus Forrest, Chief Executive of Drumz, commented:

“We are delighted to have made this first investment in Acuity. Acuity is an established and well regarded player in the fast growing cybersecurity global market. With the additional expertise Drumz can bring to its investment we are confident that Acuity’s growth over the past year, will be accelerated over the next two to three years to transform its value.”

For further information please contact:
Drumz Plc
Angus Forrest+44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker)www.whirelandcb.com
Mike Coe / Chris Savidge020 7220 1666
Peterhouse Capital Limited (Joint broker)
Lucy Williams / Duncan Vasey020 7469 0936

Note to Editors

Drumz plc

Drumz plc (AIM): DRUM) is an investing company focused on investing in and acquiring established software businesses that own good technology, have quality customers and which could better exploit their assets and accelerate their growth with the injection of experienced management and new funds.

Drumz will, where necessary, make available some of its experienced management team and provide finance to facilitate the necessary changes, so that the value of the businesses in which Drumz invests will be transformed over a two to four year period. In due course, the new Directors expect to dispose of such businesses, in whole or in part, in order to realise value for Drumz and its shareholders.

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Four trends in group retirement, investment programs – Benefits Canada

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The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings.

As plan sponsors review their group retirement plans in the coming months, they may want to consider some, or all, of these four trends.

1. Financial wellness becoming a must.

A survey published by Manulife earlier this month found 80 per cent of U.S.-based employers are planning to offer a financial wellness program by 2023. Currently, fewer than half of these employers said they have a financial wellness program.

Read: How RBC is fitting debt payment into employees’ financial journeys

Employees are becoming more interested in employer assistance with their current financial situations as well as long-term retirement planning. In the short term, student debt is on the minds of many young employees. Manulife estimated about 40 per cent of students will have difficulty saving for retirement because of debt payments. Some record keepers are now offering plans that assist in paying down debt while contributing to group retirement at the same time.

Plan members are also asking about registered education savings plans offered through the workplace. Typically, insurance companies weren’t willing to offer a group RESP because of heavy administration. But recently, some have been able to overcome these hurdles and offer the option.

2. Investment choice assistance prevalent in these uncertain times.

Many plan members are uneasy about the uncertainty caused by the coronavirus. They’d like to speak directly with an advisor and appreciate feedback about risk tolerance and asset mix. This can be done alongside a review of investments in an employer-sponsored plan, which is available to most plan sponsors via their advisor or plan provider. 

3. Virtual offerings are a requirement during social distancing.

Virtual platforms have gained much traction over the last few months. During the pandemic, face-to-face meetings and member education sessions have been replaced by webinars, voiceovers and links to educational websites. In the recent past, many of these meetings were conducted in person out of respect and courtesy. But where it may have been an insult in the past to conduct a Skype meeting, the virtual mode is now preferred.

4. The rise of socially responsible investments.

With social issues at the forefront of our minds and demographic changes in the workforce, we’re seeing a rise in the demand for socially responsible investments in fund lineups. Some insurance companies have started developing their own socially responsible pooled funds, as well as adopting third-party funds to fill the needs of contemporary investors. For many, the rate of return is no longer the only issue of interest; they are interested in how those investments reflect the values of current societal pushes.

Read: Most pension funds barely scratching surface on sustainable investment

The development and adoption of some of the above offerings is accelerating due to the current extraordinary social climate. While many of these offerings have been available for some time, they weren’t being offered by plan sponsors as quickly as the market thought they might be. But that’s now changing and I’d encourage plan sponsors to consider these industry trends.

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Unpacking the finance sector's climate related investment commitments – NewClimate Institute

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First analysis of financial sector climate-related investment pledges

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Financial institution’s climate-related investment targets have rapidly grown in recent years. In this report, we provide insights into the magnitude and ambition of these targets, and investigate their relationship with GHG emissions in the real economy. Specifically, this report maps out the financial sector’s climate-related investment targets against a range of indicators, such as monetary investments in ‘green’ projects, and required ‘green’ investments and GHG emission reductions. It thereby considers both climate-related investment pledges made by individual financial institutions as well as those made by major finance-related international cooperative initiatives (ICIs).


Main Findings:

Financial institution’s climate-related investment targets have rapidly grown in recent years. We find financial institutions with cumulative assets of at least USD 47 trillion under management are currently committed to climate-related investment targets. This represents 25% of the global financial market, which is around USD 180 trillion. The number and growth of such targets is significant and represents considerable momentum – even if the individual targets vary in their ambition and do not cover all assets under management.

While the trend and efforts of the financial sector are promising, it should be noted that financial institutions do not have full control over their investees’ emissions. Reducing the carbon intensity of a portfolio by divesting, with the objective of aligning it with the Paris Agreement, does not necessarily always lead to emission reductions in the real economy, as others can invest in the emission intensive assets that were sold. Only if a large share of the financial sector sets and works to actualise robust climate-related investment targets and effectively implements them, investees have to react and reduce their emissions. Currently, most financial institutions that have set such targets are located in Europe, the United States of America, and Australia. To align all financial flows with the Paris Agreement temperature goal, it is crucial that institutions in other parts of the world also commit to ambitious investment targets.

We distinguish between three main types of climate-related investment targets – or mechanisms – that financial institutions can use to influence global GHG emissions: divestment, positive impact investment, and corporate engagement. These mechanisms influence the actions investee companies must take – and correspondingly, global GHG emissions – in different ways (see Figure).

Cause effect relation between the different mechanisms, investee companies and global GHG emissions.

We identified a number of factors at the financial institution, company, and country level that can increase the likelihood that a climate-related investment targets will have an impact on actual emission levels. These include for example the size of a financial institution (measured by assets under management) and whether the targeted investee company has previous experience with ESG. The more these factors point in the right direction, the more likely that investment targets will lead to emissions reductions.

The factors play out differently per asset class and per target type. For example, a divestment target related to a government bond share may produce a different outcome than a divestment from a corporate bond; and corporate engagement is usually more effective if there is direct access to investee’s management.

Insights into the factors or impact conditions may support financial institutions in setting potentially more effective targets, policymakers to consider effective regulation and the scientific community, and the wider public, to better assess financial sector targets.


Contacts for further information: Katharina Lütkehermöller, Silke Mooldijk

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$90 million investment into connectivity infrastructure across B.C. – CKPGToday.ca

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Photo Courtesy: ID 180348991 © Michael Nesterov | Dreamstime.com

By Veronica Beltran

connecting B.C.

Sep 22, 2020 5:00 AM

VICTORIA—The Province is investing $90 million in connectivity to encourage a rapid expansion of high-speed internet access and drive regional economic development in rural areas, Indigenous communities, and along B.C.’s highways.

The one-time $90 million investment is part of B.C.’s Economic Recovery Plan for the Connecting British Columbia program and will target connectivity infrastructure projects for a new Economic Recovery Intake.

“Rural and Indigenous communities are an essential part of the province’s economic engine. Now is the time to invest in modern infrastructure so people living outside the city can also benefit from today’s technologies.”—Anne Kang, Minister of Citizens’ Services

“Ensuring people have the connectivity they need to be successful is a key part of our recovery from the COVID-19 pandemic. This investment will bring real and lasting benefits to families, workplaces and communities throughout B.C., ensuring the province emerges stronger than ever,” adds Kang.

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