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MYSQ Mysquar

0.29
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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

MySQUAR Limited Exercise of Convertible Bonds and Issue of Equity (6538K)

12/04/2018 7:01am

UK Regulatory


Mysquar (LSE:MYSQ)
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RNS Number : 6538K

MySQUAR Limited

12 April 2018

12 April 2018

MySQUAR Limited

("MySQUAR" or the "Company")

Exercise of Convertible Bonds and Issue of Equity

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 that, pursuant to the convertible bond issuance on 7 March 2018, the Company has received a notice of conversion in respect of GBP200,000 convertible bonds into 15,239,643 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Conversion Shares") at a conversion price of approximately 1.31 pence per Conversion Share.

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 18 April 2018 ("Admission").

In accordance with the Financial Conduct Authority's (FCA) Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 631,096,223 Ordinary Shares in issue, none of which are held in Treasury. Therefore, the total number of voting rights in the Company is 631,096,223.

The above figure of 631,096,223 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 to 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        Tel: +65 6725 6388 
 Executive) 
 
SP Angel Corporate 
 Finance LLP 
Nominated Adviser &       Tel: +44 (0) 203 
 Joint Broker              470 0470 
Stuart Gledhill / Soltan 
 Tagiev 
 
Public Relations           Tel: +44 (0) 781 
                            677 0758 
Damien McCrystal          damien@mccrystal.info 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOELIFVFSRIFLIT

(END) Dow Jones Newswires

April 12, 2018 02:00 ET (06:00 GMT)

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