Hansard Global plc Hansard gains regulatory approval in Japan (9511C)
June 21 2019 - 1:00AM
UK Regulatory
TIDMHSD
RNS Number : 9511C
Hansard Global plc
21 June 2019
21 June 2019
Hansard gains regulatory approval to operate in Japanese
market
Hansard Global plc, the FTSE-listed savings provider, has
announced that Hansard International Limited has been granted an
Investment Manager licence in Japan, marking the first step to
enable the company to enter the Japanese market with a new,
innovative 'next generation' savings proposition.
A General Manager has been appointed in Tokyo, who will build on
the opportunity that the new licence presents and lead the
development of local resource and distribution relationships.
Gordon Marr, Group Chief Executive of Hansard Global plc said:
"I am delighted that we have successfully achieved our registration
in Japan. This is a major development for Hansard's business in a
market that we are confident demonstrates high potential, and
represents a key part of our strategic growth plan. We are well
advanced in implementing our business plan, which includes
registering our next generation product, the appointment of a
General Manager and engaging in productive discussions with
distributors in the local market. There is more to do before we are
fully operational but this presents us with a very significant and
material opportunity to achieve a step change in Hansard's future
growth potential."
ENDS
For more information please contact
Camarco +44 (0) 203 757 4980
Ben Woodford/Geoffrey Pelham-Lane/Kimberley
Taylor
Hansard Global +44 (0) 1624 688 000
Gordon Marr, Group Chief Executive Officer
Tim Davies, Group Chief Financial Officer
Notes to editors
-- Hansard Global plc is the holding company of the Hansard
Group of companies. The Company was listed on the London Stock
Exchange in December 2006. The Group is a specialist long-term
savings provider, based in the Isle of Man.
-- The Group offers a range of flexible and tax-efficient
investment products within a life assurance policy wrapper,
designed to appeal to affluent, international investors.
-- The Group utilises a controlled cost distribution model via a
network of independent financial advisors and the retail operations
of certain financial institutions who provide access to their
clients in more than 170 countries. The Group's distribution model
is supported by Hansard OnLine, a multi-language internet platform,
and is scaleable.
-- The principal geographic markets in which the Group currently
services contract holders and financial advisors are the Middle
East & Africa, the Far East and Latin America. These markets
are served by Hansard International Limited and Hansard Worldwide
Limited.
-- Hansard Europe dac previously operated in Western Europe but
closed to new business with effect from 30 June 2013.
-- The Group's objective is to grow by attracting new business
and positioning itself to adapt rapidly to market trends and
conditions. The scaleability and flexibility of the Group's
operations allow it to enter or develop new geographic markets and
exploit growth opportunities within existing markets without the
need for significant further investment.
-- Following the closure of Hansard Europe dac to new business
with effect from 30 June 2013, the Group continues to report new
business performance of Hansard International Limited alone within
this document. Reporting of Assets under Administration
incorporates cash flows relating to insurance policies issued by
both Hansard International Limited and Hansard Europe dac.
Forward-looking statements:
This announcement may contain certain forward-looking statements
with respect to certain of Hansard Global plc's plans and its
current goals and expectations relating to future financial
condition, performance and results. By their nature forward-looking
statements involve risk and uncertainties because they relate to
future events and circumstances which are beyond Hansard Global
plc's control. As a result, Hansard Global plc's actual future
condition, performance and results may differ materially from the
plans, goals and expectations set out in Hansard Global plc's
forward-looking statements. Hansard Global plc does not undertake
to update forward-looking statements contained in this announcement
or any other forward-looking statement it may make. No statement in
this announcement is intended to be a profit forecast or be relied
upon as a guide for future performance.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regime.
Legal Entity Identifier: 213800ZJ9F2EA3Q24K05
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END
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