REG - GSTechnologies Ltd - Result of Retail Offer

GSTechnologiesAnnouncement

09/07/2025 07:00

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RNS Number : 2543Q  GSTechnologies Ltd  09 July 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

 

 

9 July 2025

GS Technologies Ltd

 

("GST" or the "Company")

 

Result of Retail Offer

 

GSTechnologies Ltd (LSE:GST), the fintech company, is pleased to announce,
further to its announcement on 7 July 2025, that it has conditionally raised
£175,000 (before expenses) via the issue of 14,583,333 new ordinary shares of
no par value in the capital of the Company (the "Retail Offer Shares") at a
price of 1.20 pence per share (the "Issue Price") pursuant to its offer to its
existing retail shareholders via CMC CapX (the "Retail Offer").

 

The funds raised from the Placing and the Retail Offer will be principally
used to further build the Company's Bitcoin treasury reserve in accordance
with the Treasury Policy recently implemented by the Company, as announced on
25 June 2025.  As at 31 March 2025, the Company's financial year end, and
subject to audit, the Company had a gross cash balance of approximately US$4.2
million.  The existing cash resources of the Company coupled with the net
proceeds of the Placing and the Retail Offer will therefore enable the Company
to acquire a significant Bitcoin holding.

 

The Group continues to make good progress with its GS Money strategy of
developing a borderless neobanking platform providing next-generation digital
money solutions, including the advancement of the Bake Cryptocurrency Platform
acquired at the beginning of the year.  A further update will be provided
with the results for the year ended 31 March 2025, that the Company expects to
release before the end of July 2025.

 

The Retail Offer is conditional on the Retail Offer Shares being admitted to
trading on the Main Market of the London Stock Exchange plc ("Retail Offer
Admission").  Retail Offer Admission is expected to take place at 8.00 a.m.
on or around 15 July 2025.

 

In addition to the Retail Offer, the Company has also conducted a placing (the
"Placing") of new ordinary shares to raise gross proceeds of £1,750,000 (the
"Placing Shares"), as announced on 7 July 2025.  The Placing Shares are
expected to be admitted to trading on the Main Market of the London Stock
Exchange plc at 8.00 a.m. on or around 15 July 2025 ("Placing Admission").
For the avoidance of doubt, the Retail Offer is separate from and does not
form part of the Placing.

 

Tone Goh, Chairman of GST, commented: "I would like to thank those investors,
both existing and new, who have supported the Placing and Retail Offer.  The
net proceeds of this fundraise, when combined with the Company's current cash
resources, will enable the Company to acquire a significant Bitcoin holding.
 Holding a substantial proportion of the Company's cash resources in Bitcoin
makes perfect sense given the Group's operations and the services it is
providing to its clients.  We are excited about the potential for Bitcoin to
enhance shareholder value while reinforcing our leadership in the digital
asset space."

Total voting rights

 

Following Placing Admission and Retail Offer Admission, the total issued share
capital of the Company will be 2,299,949,719 ordinary shares, of which
1,155,287 ordinary shares are held in treasury. Therefore, the Company's total
number of Ordinary Shares and voting rights will be 2,298,794,432 and this
figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

Enquiries:

 

The Company

Tone Goh, Executive Chairman

+65 6444 2988

 

Financial Adviser

First Sentinel Corporate Finance

+44 (0)20 3855 5551  

Brian Stockbridge / Gabrielle Cordeiro

 

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

 

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Chandler

+44 20 (0) 3934 6630

 

 For more information please see: https://gstechnologies.co.uk/
 (https://gstechnologies.co.uk/)

 

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