MySQUAR Limited Exercise of Convertible Bonds and Issue of Equity (2538M)
26 April 2018 - 8:51PM
UK Regulatory
TIDMMYSQ
RNS Number : 2538M
MySQUAR Limited
26 April 2018
26 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
15,478,678 new ordinary shares of no par value in the capital of
the Company ("Ordinary Shares") ("Conversion Shares") at a
conversion price of approximately 1.29 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 2 May 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 662,053,579 Ordinary Shares
in issue, none of which are held in Treasury. Therefore, the total
number of voting rights in the Company is 662,053,579.
The above figure of 662,053,579 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
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 company news service from the London Stock Exchange
END
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