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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 : 2699G
MySQUAR Limited
05 November 2018
5 November 2018
MySQUAR Limited
("MySQUAR" or the "Company")
Suspension of Trading
The Company announces that it has requested the suspension of trading on AIM of the ordinary shares ("Shares") of no par value in the capital of the Company with effect from 7.30am today pending the clarification of the Company's financial position. This follows a review of the account into which the proceeds were paid of the bond issues announced on 7(th) March 2018 and 20(th) June 2018.
The Company's cash balances are very low and it has sought to draw down on the $1m facility from Rising Dragon Singapore Pte Limited without success. As a consequence there is material uncertainty regarding the Company's working capital position.
The Company has also withdrawn the application for admission to trading on AIM of the 171,428,571 Shares issued by way of a placing announced on 30(th) October 2018.
The Company is continuing to investigate the above matters and further announcements will be made as soon as practicable.
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 Stephen Chong (Interim Chief Tel: +65 6725 6388 Executive) SP Angel Corporate Finance LLP Nominated Adviser & Joint Tel: +44 (0) 203 470 Broker 0470 Stuart Gledhill / Soltan Tagiev Daniel Stewart and Company Plc Joint Broker Tel: +44 (0) 207 776 6550 David Lawman/Jon Levinson/Daphne Zhang SVS Securities plc Joint Broker Tom Curran +44 (0) 203 700 0093 Public Relations Tel: +44 (0) 781 677 0758 Damien McCrystal damien@mccrystal.info
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
SUSBCBDBLSGBGIS
(END) Dow Jones Newswires
November 05, 2018 02:00 ET (07:00 GMT)
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