MySQUAR Limited Resignation of CFO and Board Changes (3451K)

TIDMMYSQ

RNS Number : 3451K

MySQUAR Limited

10 April 2018

10 April 2018

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

Resignation of CFO and Board Changes

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 Pham Dang Hung has stepped down from his role as Chief Financial Officer of the Company and as an executive director from the board of directors with immediate effect to pursue other interests.

It is intended that Mr. Hung will be available as a consultant to MySQUAR over a transitionary period assisting Lim Ming Shing who has been appointed as Financial Controller of the Company, a non-board role, effective immediately. Mr. Lim will assume responsibility for the financial management and reporting and will report to Stephen Chong, COO of MySQUAR. Mr. Lim is a Fellow Member of the Association of Chartered Certified Accountants and was previously regional financial controller for an operating subsidiary of an NYSE listed business.

A search for a replacement to Mr. Pham has been initiated and further announcements will be made in due course.

MySQUAR's CEO, Eric Schaer, said: "Both myself and the Board appreciate Hung's contributions over the last four years and wish him well in his future endeavors. With Hung's support and commitment, MySQUAR has evolved from a start-up organisation into a publicly listed company with a strong foundation for future growth. The Board and I remain committed to continuing to move our business forward and evolving our products as a leading media and entertainment platform in Myanmar."

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: [phone] 
  Executive) 
 
 SP Angel Corporate Finance LLP 
 Nominated Adviser &   Tel: [phone] 
  Broker                0470 
 Stuart Gledhill/Soltan Tagiev 
 Public Relations      Tel: [phone] 
  Damien McCrystal      0758 
                        [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 10, 2018 02:01 ET (06:01 GMT)