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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.03 | 3.03% | 1.02 | 1.01 | 1.03 | 1.03 | 0.955 | 0.99 | 52,160,577 | 16:22:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Services, Nec | 2.32M | -1.63M | -0.0011 | -9.27 | 15.8M |
From Apr 2022 to Apr 2024
By Kyle Morris
Shares in GSTechnologies Ltd. rose 23% on Tuesday after it said that it has appointed Pinsent Masons LLP as its legal adviser for the company's stablecoin application for admission to the U.K. Financial Conduct Authority's Regulatory Sandbox.
The FCA Regulatory Sandbox provides a production environment for companies to test propositions in the market with real consumers. Using it is designed to encourage experimentation with the company's fiat-linked--full-reserve backed--stablecoins.
"We believe the U.K. market is in need of a trusted U.K.-based provider to offer regulated electronic money and payment activities specifically related to stablecoins," GSTechnologies Chairman Tone Goh said.
Shares in GSTechnologies at 0751 GMT were up 0.28 pence at 1.45 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
September 13, 2022 04:23 ET (08:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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