MySQUAR Limited Exercise of Warrants and Issue of Equity (1826L)

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RNS Number : 1826L

MySQUAR Limited

17 July 2017

17 July 2017

MySQUAR Limited ("MySQUAR" or the "Company")

Exercise of Warrants 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, has received a notice of exercise in respect of certain warrants to subscribe for 1,875,000 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Warrant Shares") at a price of 5.5 pence per Warrant Share. The exercise of these warrants amounts to a cash subscription of approximately GBP103,125.

Application will be made for the Warrant 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 Warrant Shares will commence on or around 20 July 2017 ("Admission").

In accordance with the Financial Conduct Authority's (FCA) Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 583,667,909 Ordinary Shares in issue, none of which are held in Treasury. Therefore, the total number of voting rights in the Company is 583,667,909.

The above figure of 583,667,909 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 Executive)  Tel: +65 6818 
                                6089 
Pham Dang Hung (CFO) 
 
SP Angel Corporate Finance 
 LLP 
Nominated Adviser              Tel: +44 (0) 203 
                                470 0470 
Stuart Gledhill/Soltan 
 Tagiev 
 
 Beaufort Securities Limited     Tel: +44 (0) 207 
 Broker                          382 8300 
 Jon Belliss/Elliot Hance 
  Public Relations 
  Damien McCrystal               Tel: +44 (0) 781 
                                 677 0758 
                                 [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 17, 2017 02:00 ET (06:00 GMT)