MySQUAR Limited Response to recent market commentary (8856A)
January 03 2018 - 9:16AM
UK Regulatory
TIDMMYSQ
RNS Number : 8856A
MySQUAR Limited
03 January 2018
MySQUAR Limited ("MySQUAR" or the "Company")
Response to recent market commentary
Further to speculation from a recent internet article noted
today, 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 that it has received an approach from
another organisation which may or may not lead to a takeover
offer.
Whilst appreciating any interest shown by potential investors or
acquirers, the Company is not actively seeking a purchaser and
believes that the continued growth and monetisation of its products
will make it an even more attractive prospect over time.
There can be no certainty that an offer will be made for the
Company or as to the terms on which any offer might be made.
It should be noted that as a British Virgin Islands incorporate
company, the UK Takeover Code does not apply to MySQUAR however,
further announcements will be made in due course as
appropriate.
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 6725 6388
Pham Dang Hung (CFO)
SP Angel Corporate Finance Tel: +44 (0) 203 470
LLP 0470
Nominated Adviser
Stuart Gledhill/Soltan
Tagiev
Tel: +44 (0) 207 382
Beaufort Securities Limited 8300
Broker
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
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January 03, 2018 10:16 ET (15:16 GMT)
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