Redstone Connect is the new name for COMS - Link to old thread

RedstoneConnect Plc is focused on technologies that make real estate more efficient and organisations more effective.
Our businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver Smart Buildings and Smart Workspace Solutions for commercial businesses, public sector organisations, real estate owners and managers.
We achieve great results for our customers through the design and implementation of tailored infrastructure that enables a building’s operational technology to be integrated into a single platform; through the on-site management of our customers’ infrastructure, such as desk top and data centre support; and through innovative software solutions such as sophisticated wayfinding platforms or those that help our customers analyse occupancy data to make their buildings and their businesses more efficient.

Our technologies directly support the drive for improvements across an organisation, be it leadership that are looking for efficiencies and improved margins, facility teams looking to manage flexible work spaces, employees wanting greater freedom to work the way they want to work, whilst security and networking teams look to protect data integrity and physical access control.


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Redstone Connect Fundamentals (REDS)

very nice trading statement, not quite in profit yet but getting there.

Yep, been topping up over the past few weeks. All very encouraging and looking good! onward and upwards! (imho)

RedstoneConnect has announced that it has entered into a Conditional Agreement to acquire the entire issued share capital of Easter Road Holdings Limited and its subsidiary, Anders + Kern U.K Limited for cash consideration of GBP1.4 Million. The Company has also announced a proposed Placing of up to 433,333,334 new Ordinary Shares of GBP0.001 each in the capital of the Company at a price of GBP0.015 per Placing Share to raise up to GBP6.5 Million. As a result of the very large number of RedstoneConnect Shares in issue, the Board believes that it would be appropriate and beneficial to both the Company and its Shareholders to undertake a Share Consolidation. Therefore, following completion of the Acquisition and the Placing, at the Company’s next Annual General Meeting, the Board has decided that it will seek Shareholder approval for a Share Consolidation, based on every 100 existing Ordinary Share of GBP0.001 each being consolidated into one new Ordinary Share of GBP0.10 each. The Placing Shares will form part of the Shares to be consolidated as part of the Proposed Share Consolidation. The Board will seek Shareholder approval to effect a Capital Reduction at the same time as the Proposed Share Consolidation, as the Board believes cancellation of the legacy Deferred Shares (which have no voting rights or value), the Company`s share premium account and the capitalisation of the Company’s merger reserve and subsequent cancellation of the capital reduction share to be issued on such capitalisation will allow the Group to eliminate the accumulated losses and will provide distributable reserves giving greater flexibility for the payment of dividends in the future, the purchase by the Company of its own shares and for other corporate purposes, if required.
Terms: Every 100 existing Ordinary Share of GBP0.001 each will be consolidated into 1 new Ordinary Share of GBP0.10 each.
Further information may follow in due course.

1:100 share consolidation today.

StockMarketWire.com
RedstoneConnect has been awarded a contract to install an IT cabling infrastructure throughout Tottenham Hotspur's new 61,500-seat stadium.

Tottenham Hotspur's new stadium was expected to be the most technologically advanced of its kind, utilising the most innovative technology to ensure flexibility for future demands and development requirements of the space.

TAKEOVER
RedstoneConnect has announced that it received a proposal from A P Systems for an All Share Offer of unlisted securities in A P Systems, a Private Company, at an implied valuation per RedstoneConnect Ordinary Share that represents a discount to the prevailing price of a RedstoneConnect Share.
The Board has considered the proposal from A P Systems, together with its financial adviser Cantor Fitzgerald Europe.
The Board believes the proposal by A P Systems to be totally inadequate and therefore there is no basis upon which to engage in discussions. The Board has informed A P Systems of its conclusion.

StockMarketWire.com (25.01.18)
RedstoneConnect, a provider of technology and services for smart buildings and commercial spaces, expects trading for the year ending 31 January 2018 to be in-line with the board's expectations.

It said all three business divisions (Software, IT Managed Services and Systems Integration) have traded strongly in the second half of the financial year.

The company has secured a number of contract wins and smart infrastructure consultancy mandates. These included a consultancy project for a multinational banking and financial services company to determine how best to utilise OneSpace, RedstoneConnect's workspace occupancy management software solution, within its London headquarters.

In addition, RedstoneConnect secured a number of further contract wins in the financial services and real estate sectors for projects seeking to ascertain how enterprises can best use location-based services from the RedstoneConnect software portfolio.

The company has developed its first independently deployable module of OneSpace, OneSpaceLink.

Mark Braund, CEO of RedstoneConnect, said: "We are delighted to have secured a number of important contract wins across both our smart software solutions and network infrastructure divisions, building on the considerable momentum we have achieved across the business in the current financial year.

"Having successfully deployed our solutions in some of the smartest buildings and spaces in Europe, our team is now optimally placed to support a growing number of customers as they seek to understand how the implementation of smart software can significantly improve both the utilisation of their real estate and the working environment for their employees."

RedstoneConnect has announced that all resolutions at its Annual General Meeting held on 30 July 2018 were duly passed.
As a result, the Company confirms that as of 08.00am on 31 July 2018, its Shares will trade under the new name Smartspace Software Plc.

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