MySQUAR Limited Issue of Equity and Total Voting Rights (3611Y)
March 02 2017 - 5:07AM
UK Regulatory
TIDMMYSQ
RNS Number : 3611Y
MySQUAR Limited
02 March 2017
MySQUAR Limited ("MySQUAR" or the "Company")
Issue of Equity and Total Voting Rights
MySQUAR, the Myanmar-language social media, entertainment and
payments platform whose principal activity is to design, develop
and commercialise Myanmar-focused internet-based mobile
applications, announces the issue of 24,060,149 ordinary shares of
no par value ("Ordinary Shares") ("Conversion Shares") pursuant to
the conversion of US$300,000 of loan notes by Sandabel Capital LP
("Sandabel"). Under the terms of the second USD 2.0 million
Convertible Loan Note (CLN) issued to Sandabel dated 9 December
2016 (as announced 12 December 2016), Sandabel receives a
conversion amount of shares equal to 1.1 times the principal value
of loan notes converted at the conversion price of GBP0.0109375
(representing a 12.5% discount to the closing bid price on Thursday
22 February 2017).
Application will be made for the Conversion Shares, which will
rank pari passu with the Company's existing issued Ordinary Shares,
to be admitted to trading on AIM. It is expected that admission
will become effective and that trading in the Conversion Shares
will commence on or around 7 March 2017 ('Admission').
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the Company hereby announces that following
Admission it will have 286,205,833 Ordinary Shares in issue, none
of which are held in treasury. Therefore, the total number of
voting rights in the Company is 286,205,833.
The above figure of 286,205,833 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information:
MySQUAR Limited
Eric Schaer (Chief Executive) Tel: +65 6818
6089
Pham Dang Hung (CFO)
SP Angel Corporate Finance
LLP
Nominated Adviser Tel: +44 (0) 203
470 0470
Stuart Gledhill/Laura
Harrison
Beaufort Securities Limited
Joint Broker Tel: +44 (0) 207
Jon Belliss/Elliot Hance 382 8300
Mirabaud Securities LLP
Joint Broker
Edward Haig-Thomas/Peter Tel: +44 (0)20
Krens 7878 3447
Public Relations Tel: +44 (0) 7816
Damien McCrystal 770 758
damien@mccrystal.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
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