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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mysquar | LSE:MYSQ | London | Ordinary Share | VGG6361G1072 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.29 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMYSQ
RNS Number : 6973V
MySQUAR Limited
01 February 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 20,066,127 ordinary shares of no par value ("Ordinary Shares") ("Conversion Shares") pursuant to the conversion of US$350,000 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 on 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 GBP0.0153125 (representing a 12.5% discount to the closing bid price on Thursday 26 January 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 6 February 2017 ('Admission').
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 259,749,706 Ordinary Shares in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 259,749,706.
The above figure of 259,749,706 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
MSCLIFSRFAILIID
(END) Dow Jones Newswires
February 01, 2017 02:00 ET (07:00 GMT)
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