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NEX Announcements

About Dozens Savings plc

Dozens Savings plc (the “Company”) has been established to offer the Bonds to customers of its corporate parent, Project Imagine Ltd (“Project Imagine”). Project Imagine aims to create an improved, second-generation financial management alternative from scratch – disrupting banking and money problems via a solution that enables users to pursue a simple and equitable financial future.

The Company was incorporated in the United Kingdom as a public limited company on 18 September 2018 with registered number 11575749.


Aritra Chakravarty – Executive Director

Aritra is one of the founders and CEO of Project Imagine and incorporated Project Imagine in January 2018. Aritra has overall responsibility for the governance and strategy of Project Imagine and its wholly owned subsidiary, Dozens Savings.

Before founding Project Imagine, Aritra had a number of roles within HSBC, including as Director of Strategy Implementation and as Global Head of Digital FX and Investment Products for their retail banking and wealth management division.

Aritra holds an MSc in Finance (MIF) from London Business School and an MBA from the Indian Institute of Management in Calcutta.

Gemma Katherine Sapwell Steel – Executive Director

Gemma is General Counsel and Head of Compliance at Project Imagine, as well as being on the board of directors of Project Imagine. She has 12 years of financial services experience in law firms, banks and asset managers, and qualified as a solicitor in 2008 after training and working with Hogan Lovells.

Before working at Project Imagine Gemma was Deputy General Counsel at Source ETF/Invesco PowerShares ETF, responsible for all day-to-day legal, compliance and regulatory matters within the firm, focusing on exchange traded funds and exchange traded certificates/debt securities in the UK and European offices. Prior to that Gemma worked in legal and regulatory teams at Morgan Stanley, BlackRock/Barclays Global Investors and Lloyds Bank.

Gemma holds a MA in Law from Cambridge University, and recently completed the Oxford Fintech Programme at the Saïd Business School.

Ajay Kumar Rajpal – Independent Non-Executive Director

Mr. Ajay Rajpal, ACA, is a Chartered Accountant and member of the ICAEW, qualifying in 1999. During his career, he has gained broad-ranging commercial experience in a number of finance-related roles which involved working for periods in the US, Europe, Middle East and Far East.

In 2011, Ajay established his own consultancy business, providing companies with various corporate services. This included assistance with their pre-IPO funding, the IPO process and post IPO management. Ajay has project managed the IPO process and assisted with the associated funding of two businesses on AIM, namely New Trend Lifestyle Group Plc, which provides Feng Shui products and services across Asia, and Zibao Metals Recycling Group Plc, a Hong Kong and China-based metals recycling company. He currently acts as non-executive directors for these companies. Ajay assisted AIM-listed MNC Strategic Investments Plc in restructuring its debts and oversaw the disposal of the non-performing assets of this company.

In 2018, Ajay participated in the reverse takeover of Grand Vision Media Holdings plc (LSE: GCMH), formerly Simian Global plc, as a non-executive director of that company and continues to hold that position.


Dozens Savings plc is a wholly-owned subsidiary of Project Imagine. The following individuals or entities (and no others) are interested, directly or indirectly, in 3% or more of the votes able to be cast at general meetings of Project Imagine:

* Mr Chakravarty is also a director of Dozens Savings plc.
* A Ordinary Shares, B Ordinary Shares and Preferred Shares confer full voting rights. The remaining two classes of Project Imagine’s share capital, namely C Ordinary Shares and Deferred Shares, do not confer any voting rights and are accordingly omitted from this table.



As 100% of Dozens Savings’ share capital is owned by Project Imagine, none of Dozens Savings’ ordinary shares is held in public hands.

On Admission, Dozens Savings will have issued 4 bonds of £100 par each. Information concerning further issues will be available in the ‘Regulatory Announcements’ page.

Dozens Savings has not issued any instruments that are convertible into, or that confer a right to subscribe for, securities.

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