GSTechnologies Ltd Update on Proposed Acquisition of Angra Limited (7987Q)
01 November 2021 - 6:00PM
UK Regulatory
TIDMGST
RNS Number : 7987Q
GSTechnologies Ltd
01 November 2021
1 November 2021
GSTechnologies Limited
("GST" or the "Company" or the "Group")
Update on the Proposed Acquisition of Angra Limited
GSTechnologies Limited (LSE: GST), the fintech and information
technology solutions company, is pleased to announce an update
regarding the Company's conditional agreement to acquire the whole
of the issued share capital of Angra Limited ("Angra"), a UK-based
foreign exchange and payment services company (the "Acquisition"),
as announced on 5 October 2021.
As previously announced, completion of the Acquisition was
conditional, inter alia, on final due diligence and also on GST
obtaining approval from the Financial Conduct Authority ("FCA") for
the change of control of Angra, a regulated entity. The Company is
pleased to report the satisfactory conclusion of the due diligence
exercise and that the Acquisition is now only conditional on the
FCA granting approval for the change of control of Angra.
Further announcements will be made in due course as
appropriate.
Enquiries:
The Company
Tone Goh, Executive Chairman +65 6444 2988
F inancial Adviser
+44 (0)20 3005
VSA Capital Limited 5000
Simon Barton / Pascal Wiese
Financial PR & Investor Relations
IFC Advisory Limited
Tim Metcalfe / Graham Herring / Florence +44 (0)20 3934
Chandler 6630
For more information please see:
https://gstechnologies.co.uk/
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
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