MySQUAR Limited Exercise of Warrants and Issue of Equity (1826L)
July 17 2017 - 1:00AM
UK Regulatory
TIDMMYSQ
RNS Number : 1826L
MySQUAR Limited
17 July 2017
17 July 2017
MySQUAR Limited ("MySQUAR" or the "Company")
Exercise of Warrants and Issue of Equity
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, has received a notice of exercise in respect of
certain warrants to subscribe for 1,875,000 new ordinary shares of
no par value in the capital of the Company ("Ordinary Shares")
("Warrant Shares") at a price of 5.5 pence per Warrant Share. The
exercise of these warrants amounts to a cash subscription of
approximately GBP103,125.
Application will be made for the Warrant 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 Warrant Shares will
commence on or around 20 July 2017 ("Admission").
In accordance with the Financial Conduct Authority's (FCA)
Disclosure and Transparency Rules, the Company hereby announces
that following Admission it will have 583,667,909 Ordinary Shares
in issue, none of which are held in Treasury. Therefore, the total
number of voting rights in the Company is 583,667,909.
The above figure of 583,667,909 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 to 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/Soltan
Tagiev
Beaufort Securities Limited Tel: +44 (0) 207
Broker 382 8300
Jon Belliss/Elliot Hance
Public Relations
Damien McCrystal Tel: +44 (0) 781
677 0758
damien@mccrystal.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEQQLFFDDFBBBD
(END) Dow Jones Newswires
July 17, 2017 02:00 ET (06:00 GMT)
Mysquar (LSE:MYSQ)
Historical Stock Chart
From Apr 2024 to May 2024
Mysquar (LSE:MYSQ)
Historical Stock Chart
From May 2023 to May 2024