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DJ Indigo Holdings Plc Investment in 3sootjobs

 
TIDMINGO 
 
12 October 2017 
 
                              INDIGO HOLDINGS PLC 
 
                       ("Indigo" or the "Company") 
 
                            Investment in 3sootjobs 
 
Indigo Holdings plc (NEX: INGO), the Middle East focused Investment Company 
that provides investors with exposure to early stage businesses, has invested GBP 
10,000 (EUR11,146) in 3sootjobs ("3sootjobs"). 
 
3sootjobs aims to become Iran's leading job-search platform by revolutionising 
Iran's job-search market by creating and introducing a smart, fast and 
easy-to-use app that will allow job seekers and employers to instantly search, 
connect, and get hired, all through a swipe. 
 
3sootjobs has raised EUR125,000 at a post money valuation of EUR725,000. After the 
investment of EUR11,146, Indigo has a 1.53%% holding in 3sootjobs. 
 
Related Party Transaction 
 
Following completion of the investment referred to above, Turquoise Group 
Limited ("Turquoise Group") owns 62.89% of 3sootjobs' enlarged issued share 
capital (49.65% directly and 13.24% indirectly through its stake in Ctrl+Tech 
Incubator). Rouzbeh Pirouz, Nick Harwood and Ramin Rabii invested EUR10,000, EUR 
10,000 and EUR6,000 respectively in this fundraising round, and own 1.38%, 1.38% 
and 1.53% respectively of the issued share capital of 3sootjobs, where Ramin 
Rabii's 1.53% stake includes 0.7% from consideration of previous activities he 
has performed. Rouzbeh Pirouz and Ramin Rabii also own 44.62% and 13.029% 
respectively of Turquoise Group, which itself owns 32.13% of the issued share 
capital of the Company. Rouzbeh Pirouz and Ramin Rabii also own 3.21% and 
10.94% of the Company's issued share capital respectively. Pursuant to the NEX 
Exchange Growth Market Rules for Issuers, the transaction with Turquoise Group 
constitutes a related party transaction. Hamish Harris, the Independent 
Non-Executive Director of the Company, considers that the terms of the 
transaction between the Company and Turquoise Group and the investment into 
3sootjobs are fair and reasonable insofar as the Company's shareholders are 
concerned. 
 
Indigo Non-Executive Chairman Nick Harwood sees strong growth potential in 
e-commerce in Iran: 
 
"And this is evidenced by the exciting pipeline of projects across numerous 
industries  that we are currently evaluating as investment prospects." 
 
Commenting on the latest acquisition, Eddie Kerman, Executive Director of 
Indigo Holdings, said: 
 
We are delighted to make this investment into a fantastic team and a model 
which we think has enormous potential within the Iranian e-commerce market. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
For further information please contact: 
 
The Company                                                                +44 (0) 20 7493 0412 
Indigo Holdings plc 
Eddie 
Kerman 
 
NEX Exchange Corporate Adviser                                             +44 (0) 20 7469 0930 
Peterhouse Corporate Finance Limited 
Guy Miller and Mark 
Anwyl 
 
Financial PR                                                               +44 (0) 7747 788 221 
Yellow Jersey PR 
Charles Goodwin/Joe Burgess 
 
 
About Indigo Holdings plc: 
 
Indigo Holdings is an Isle of Man incorporated investment Company targeting 
opportunities in the Frontier Markets of the Middle East. The region represents 
an exciting investment jurisdiction given recent political developments, both 
internally and externally, and also its considerably advantageous geographic 
location. 
 
Initially concentrating on the fast-growing Technology, Consumer and Financial 
Services sectors, the Company is focussed on helping early stage businesses 
with huge growth opportunities to reach their potential and to provide 
significant shareholder returns. The strong background of the management team 
in these sectors, combined with their established business network in the 
region will help Indigo to identify the best possible investment opportunities. 
 
Indigo Holdings is perfectly placed to grant UK investors unique exposure to 
the Middle East's renewed economic and political trajectory. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 13, 2017 06:11 ET (10:11 GMT)