Beeks Financial Cloud Group plc

Canaccord Genuity acts as Nominated Adviser, Sole Brokerand Sole Bookrunner to Beeks Financial Cloud Group plc onits £17.8 million Placing, Retail Offer and Share Sale

Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Nominated Adviser, Sole Broker and Sole Bookrunner on a £14.5 million Placing and £0.5 million Retail Offer for Beeks Financial Cloud Group plc (“Beeks” or the“Company”) in addition to a concurrent £2.8 million Share Sale by the Company’s CEO.

Beeks is a leading cloud computing, connectivity and analytics provider for financial services. The Company’s cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 22 data centres, Beeks supports its global customers at scale in the leading financial centres.

The net proceeds of the placing will be used for investment into product improvement, supporting recent contract wins, enhancement of deployment capabilities for clients, accelerating product launches and for the purchase of IT racks, computer servers and other associated hardware.