(MENAFN- ProactiveInvestors)AIM dealmaker David Lenigas has now added stockbroking and financial services to his portfolio of businesses. Octagonal (LON:OCT) has signed an agreement to acquire all of Global Investment Strategy UK. The investment vehicle previously owned just under 10% of the GIS business which makes most of its money from settlement and safe custody services for institutional clients family wealth offices and high net worth individuals. Whilst these operations account for around 80% of turnover the City firm also carries out stockbroking services such as execution-only trading discretionary fund management and corporate broking. A £1.7mln share placing and a capital reorganisation have been arranged in conjunction with the acquisition. Lenigas chairman of several AIM listed companies is named among a number of major shareholders which together will own just over 61% of the enlarged company. He is not however on the board which will comprise chairman Grant Roberts chief executive John Gunn and finance director Nilesh Jagatia as well as non-executive director Martin Davison. GIS is growing fast Lenigas told his followers on Twitter. 'And for the record. All my shares in OCT will be locked in for a year. I like this business and growth a lot' he added. The proposals announced today are subject to shareholder approval and as such a general meeting will be held on June 29.
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