FastForward Innovations Limited Update on disposal of interest in SatoshiPay (9908Z)

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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 
   [e-mail] 
   Josh Epstein / Ian Burns 
  Beaumont Cornish Limited (Nomad) 
   [phone] 
   James Biddle / Michael Cornish 
  Optiva Securities Limited (Broker) 
   [phone] 
   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

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March 20, 2017 11:40 ET (15:40 GMT)