OneView Group PLC Launch of Digital Store Platform with Wickes (2009F)
May 16 2017 - 1:01AM
UK Regulatory
TIDMONEV
RNS Number : 2009F
OneView Group PLC
16 May 2017
16 May 2017
OneView Group plc
("OneView" or the "Company")
Launch of Hosted, Cloud-Based Digital Store Platform with
Wickes
Update on Proposed Fundraise and Debt Restructuring
OneView (AIM: ONEV), one of the retail industry's leading
digital transformation software providers for in-store customer
service announces that Travis Perkins (LON:TPK), one of the UK's
leading distributors of materials to the building, construction and
home improvement markets, is piloting its Point of Sale (POS)
transformation at Wickes, Travis Perkins' home improvement retail
business. In addition, the Company gives an update on its proposed
fundraise.
Launch of Hosted, Cloud-Based Digital Store Platform with
Wickes
OneView's hosted, cloud-based Digital Store Platform went live
at Wickes' Bristol store over the Easter weekend, initiating the
retailer's busiest season. Aligning the pilot and planned rollout
with Wickes' peak season allowed Travis Perkins to test OneView's
capability to handle Wickes' fast-moving and effective promotional
strategy. The pilot demonstrated that OneView's Digital Store
Platform reduces promotion set-up time from more than a day to
minutes, driving sales volume and improving customer
satisfaction.
As well as hosting the cloud-based Digital Store Platform for
Travis Perkins, OneView also provides application management and IT
infrastructure support.
Neil Pearce, Chief Information Officer of Travis Perkins
commented:
"The successful pilot of OneView Digital Store at Wickes is a
significant milestone as we embark on our commitment to digital
transformation across the Travis Perkins brands. OneView's digital
point of sale enables a high level of agility in delivering on
operational strategy, and the hosted infrastructure aligns with the
Travis Perkins cloud-based business strategy that supports the
ability to take advantage of innovative, advanced applications to
continuously improve store operations and supply-chain
effectiveness."
Stuart Mitchell, Chief Executive Officer of OneView
commented:
"Retailers like Travis Perkins are leading the race toward
digital transformation by ensuring that their business partners and
store associates have access to real-time customer and inventory
information, supporting a unified commerce experience. OneView's
digital point of sale supports this transformation at a pace
previously unattainable with enterprise software."
Update on Proposed Fundraise and Debt Restructuring
The Board remains in discussions with its shareholders with
regards to an equity fund raising as detailed in an announcement
dated 24 February 2017. At that time the Company also announced
that, contingent on the success of the fund raise, its debt holders
had agreed to convert $2million of debt into ordinary shares at the
same share price as the equity fund raise.
The debt holders have now agreed to convert the additional
$2million of convertible debt they hold at the time of the fund
raise. Thus it is agreed that the entire $4m of convertible debt
will convert into equity at the price at which new equity is to be
raised. This is contingent on the equity fund raise completing and
ensuring that post conversion no party holds more than 29.99% of
the ordinary share capital of the Company. .
The equity fund raise will provide the working capital to enable
the Company to focus on delivering its pipeline. The Board expects
to update shareholders in the next month.
Further Details:
OneView Group Tel: 01634
plc 673172
Stuart Mitchell,
CEO
Linda Palanza,
COO
Mark Wilson, Finance
Director
finnCap Limited Tel: 020 7220
0500
Geoff Nash
Hybridan
Claire Noyce Tel: 020 3764
2341
Newgate Communications Tel: 020 7653
9848
Bob Huxford
Lydia Thompson
About Travis Perkins plc
Travis Perkins plc is one of the U.K.'s leading distributors of
materials to the building and construction and home improvement
markets. The Group operates 21 businesses from 2,000 plus sites and
employs nearly 30,000 people across the UK. With a proud heritage
that can be traced back over 200 years, our employees are
continuing that tradition by working with our customers to build
better, together. For more information, please visit
www.travisperkinsplc.co.uk
About OneView Commerce
OneView Commerce is a pioneer in digital store transformation,
helping global retailers implement successful unified commerce
strategies that centre on the critical engagement in store. The
company's cloud-based Digital Store Platform combines digital-ready
point of sale, line busting, and end-to-end unified commerce
capabilities, with the ability to capture and deliver the rich
content from these store interactions across the retail enterprise.
OneView enables the exchange of this powerful store information to
immediately impact sales, business operations and the customer
experience. Travis Perkins plc, Wickes, and Discount Tire
Corporation are among the global retailers revolutionizing their
stores with OneView Commerce. For more information, visit
www.oneviewcommerce.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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