GSTechnologies Ltd Sandbox Application Update & Appointment of Broker (1745Z)
May 12 2023 - 2:00AM
UK Regulatory
TIDMGST
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 gst@investor-focus.co.uk
Chandler
For more information please see: https://gstechnologies.co.uk/
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END
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