REG - GSTechnologies Ltd - Sandbox Application Update & Appointment of Broker

GSTechnologiesAnnouncement

12/05/2023 07:00

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RNS Number : 1745Z  GSTechnologies Ltd  12 May 2023

12 May 2023

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Sandbox Application Update

Appointment of Broker

 

GSTechnologies Limited (LSE: GST), the fintech company, announces that the
Company has been informed by the UK Financial Conduct Authority ("FCA") that
the expected final panel review meeting in relation to the Company's
stablecoin application for admission to the FCA Regulatory Sandbox (the
"Sandbox Application"), as announced on 20 February 2023, is no longer able to
take place as scheduled due to unprecedented levels of sickness within the FCA
team.  As a consequence, the FCA have indicated that they will now be able to
provide a decision on the Sandbox Application by the end of May 2023, not
mid-May as previously indicated.  In the meantime the Company has received
the proposed Sandbox testing plan from the FCA and it continues to assist the
FCA with their review of the Sandbox Application alongside advancing its other
GS Money plans.

Further announcements will be made in due course, as appropriate.

Appointment of Broker

GST is pleased to announce the appointment of CMC Markets UK Plc ("CMC
Markets") as the Company's broker with immediate effect.

Enquiries:

 The Company
 Tone Goh, Executive Chairman                            +65 6444 2988
 Financial Adviser
 VSA Capital Limited                                     +44 (0)20 3005 5000
 Simon Barton / Evon Chan
 Broker
 CMC Markets                                             +44 (0)20 3003 8632
 Douglas Crippen
 Financial PR & Investor Relations
 IFC Advisory Limited                                    +44 20 (0) 3934 6630

 Tim Metcalfe / Graham Herring / Florence Chandler       gst@investor-focus.co.uk

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

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

 

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