Share Name Share Symbol Market Type Share ISIN Share Description
Gstechnologies Ltd LSE:GST London Ordinary Share VGG4164C1005 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.055 3.25% 1.745 1.73 1.76 1.745 1.69 1.69 1,689,216 09:00:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2.1 -0.4 0.0 - 27

GSTechnologies Ltd Update on Proposed Acquisition of Angra Limited

01/11/2021 7:00am

UK Regulatory (RNS & others)

Gstechnologies (LSE:GST)
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RNS Number : 7987Q

GSTechnologies Ltd

01 November 2021

1 November 2021

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Update on the Proposed Acquisition of Angra Limited

GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce an update regarding the Company's conditional agreement to acquire the whole of the issued share capital of Angra Limited ("Angra"), a UK-based foreign exchange and payment services company (the "Acquisition"), as announced on 5 October 2021.

As previously announced, completion of the Acquisition was conditional, inter alia, on final due diligence and also on GST obtaining approval from the Financial Conduct Authority ("FCA") for the change of control of Angra, a regulated entity. The Company is pleased to report the satisfactory conclusion of the due diligence exercise and that the Acquisition is now only conditional on the FCA granting approval for the change of control of Angra.

Further announcements will be made in due course as appropriate.


The Company 
Tone Goh, Executive Chairman                 +65 6444 2988 
F inancial Adviser 
                                             +44 (0)20 3005 
VSA Capital Limited                           5000 
Simon Barton / Pascal Wiese 
Financial PR & Investor Relations 
IFC Advisory Limited 
 Tim Metcalfe / Graham Herring / Florence    +44 (0)20 3934 
 Chandler                                     6630 

For more information please see: https://gstechnologies.co.uk/

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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(END) Dow Jones Newswires

November 01, 2021 03:00 ET (07:00 GMT)

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