FastForward Innovations Limited Update on disposal of interest in SatoshiPay (9908Z)
March 20 2017 - 10:40AM
UK Regulatory
TIDMFFWD
RNS Number : 9908Z
FastForward Innovations Limited
20 March 2017
FastForward Innovations Ltd
("FastForward" or the "Company")
Update on disposal of interest in SatoshiPay
FastForward, further to it its announcement of 2 March 2017,
notes that Blue Star Capital plc ("Blue Star") has today held its
General Meeting in connection with the proposed acquisition of the
Company's holding in SatoshiPay; all resolutions at the General
Meeting were passed ("Resolutions").
The Resolutions included approval to issue 268,213,880
Consideration Shares to FastForward as consideration for the
acquisition by Blue Star of the Company's 1,471 ordinary shares in
the capital of SatoshiPay Ltd. Completion of the Acquisition
remains conditional upon admission of the Consideration Shares to
trading on AIM which is expected to occur at 8.00 a.m. on 21 March
2017 ("Admission").
Following Admission, it is expected that FastForward will have
an equity interest in Blue Star of approximately 21.7 per cent.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR").
For further information, please contact:
FastForward Innovations Limited
info@fstfwd.co
Josh Epstein / Ian Burns
Beaumont Cornish Limited (Nomad)
+44 (0) 207 628 3396
James Biddle / Michael Cornish
Optiva Securities Limited (Broker)
+44 (0) 203 411 1881
Ed McDermott
CAUTIONARY STATEMENT
The AIM Market of London Stock Exchange plc does not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. All
statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks
and uncertainties, including, without limitation, statements
regarding potential values, the future plans and objectives of Fast
Forward Innovations Ltd. There can be no assurance that such
statements will prove to be accurate, achievable or recognizable in
the near term.
Actual results and future events could differ materially from
those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice. Fast
Forward Innovations assumes no obligation to update forward-looking
statements should circumstances or management's estimates or
opinions change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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