- Investment sought:
- Equity offered:
We are a smart home provider (Home Automation, Home Security & CCTV), with our difference being that we run our smart home software 'over the top' of set top boxes/TV's/Games Consoles to turn that device into a smart home hub. We are very engaged with both Telcos, insurance companies and set top box manufacturers to deliver our solution onto either a new 'multi use' device (home automation, videos streaming & gaming), or onto a device that may already be in the home. Initially our hub software runs on Android. Client apps are both Android & iPhone.
This is a pre-emption round, open to existing shareholders only. As such, a limited amount of information has been provided as part of this campaign.
MyLiveGuard has agreed terms with Finance Wales for a total investment of £150,000 of which £75,000 was invested as part of last years round on the same terms, and a further £75,000 is now available for draw down. Investors are being given the chance to exercise their pre-emption rights on this additional £75,000 investment.
Investors should be aware that MyLiveGuard is in discussions with PlayJam Ltd, a games distributor, for an acquisition of MyLiveGuard for share consideration. This would mean that investors would end up as shareholders in PlayJam Ltd. This deal has not yet been formally agreed and may not complete. Please see the latest announcement on the company's post-investment page for the latest status on discussions.
The company has previously issued preference shares to an external investors which, on a liquidation, will see a preferential return of £163,038 to the holders of the preference shares. The preference shares do not otherwise participate in the equity of the company. They are also redeemable by the company.