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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 : 3543V
MySQUAR Limited
20 July 2018
20 July 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 20 June 2018, the Company has received a notice of conversion in respect of GBP100,000 convertible bonds into 9,236,737 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Conversion Shares") at a conversion price of approximately 1.08 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 26 July 2018 ("Admission").
Total Voting Rights
In accordance with the Company's Memorandum and Articles of Association, the Company hereby announces that following Admission it will have 873,582,865 Ordinary Shares in issue, none of which are held in Treasury. Therefore, the total number of voting rights in the Company is 873,582,865.
The above figure of 873,582,865 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 Company's Memorandum and Articles of Association.
Following the conversion, there is GBP1,922,222 of principle outstanding under the Convertible Bond facility.
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 6725 6388 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 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
MSCLLFLEDVIIFIT
(END) Dow Jones Newswires
July 20, 2018 11:16 ET (15:16 GMT)
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