REG - GSTechnologies Ltd - Statement re Share Price Rise

GSTechnologiesAnnouncement

11/04/2023 07:00

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RNS Number : 7162V  GSTechnologies Ltd  11 April 2023

11 April 2023

GSTechnologies Limited

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

Statement re Share Price Rise

 

GSTechnologies Limited (LSE: GST), the fintech company, notes the recent rise
in the Company's share price and confirms that the Company's stablecoin
application for admission to the UK Financial Conduct Authority ("FCA")
Regulatory Sandbox (the "Sandbox Application"), as announced on 20 February
2023, continues to progress as anticipated.  The Sandbox Application has been
assessed by the FCA who have verbally indicated that it is eligible for, and
undergoing, FCA panel review and further assessment.  The Company expects to
receive the decision on the Sandbox Application in mid-May 2023 and in the
meantime the Company continues to assist the FCA with their panel review of
the Sandbox Application.

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

Enquiries:

 The Company
 Tone Goh, Executive Chairman                            +65 6444 2988
 Financial Adviser
 VSA Capital Limited                                     +44 (0)20 3005 5000
 Simon Barton / Evon Chan
 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/)

 

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