MySQUAR Limited Exercise of Convertible Bonds and Issue of Equity (3188D)
08 Ottobre 2018 - 3:25PM
UK Regulatory
TIDMMYSQ
RNS Number : 3188D
MySQUAR Limited
08 October 2018
8 October 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 20 June 2018, the Company has received a notice of
conversion in respect of GBP100,000 convertible bonds into
9,848,892 new ordinary shares of no par value in the capital of the
Company ("Ordinary Shares") ("Conversion Shares") at a conversion
price of approximately 1.02 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 15 October 2018 ("Admission").
Total Voting Rights
In accordance with the Company's Memorandum and Articles of
Association, the Company hereby announces that following Admission
it will have 918,375,072 Ordinary Shares in issue, none of which
are held in Treasury. Therefore, the total number of voting rights
in the Company is 918,375,072.
The above figure of 918,375,072 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 Company's Memorandum and Articles of Association.
Following the conversion, there is GBP1,822,222 of principle
outstanding under the Convertible Bond facility.
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
Stephen Chong (Interim Chief Tel: +65 6725 6388
Executive)
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint Tel: +44 (0) 203 470
Broker 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
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contact rns@lseg.com or visit www.rns.com.
END
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