Portfolio

Company Announcements

Exercise of Convertible Bonds and Issue of Equity

Related Companies

By LSE RNS

RNS Number : 2012L
MySQUAR Limited
17 April 2018
 

17 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 £200,000 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 23 April 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 646,574,901 Ordinary Shares in issue, none of which are held in Treasury. Therefore, the total number of voting rights in the Company is 646,574,901.

The above figure of 646,574,901 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 6725 6388

Pham Dang Hung (CFO)




SP Angel Corporate Finance LLP


Nominated Adviser & Joint Broker

Tel:  +44 (0) 203 470 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
 
 
MSCLLFFFSDIDLIT

Top of Page