GSTechnologies Ltd Statement re Share Price Rise (7162V)

TIDMGST

RNS Number : 7162V

GSTechnologies Ltd

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     gst@investor-focus.co.uk 
 Chandler

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

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April 11, 2023 02:00 ET (06:00 GMT)

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