MySQUAR Limited Suspension of Trading (2699G)
November 05 2018 - 2:00AM
UK Regulatory
TIDMMYSQ
RNS Number : 2699G
MySQUAR Limited
05 November 2018
5 November 2018
MySQUAR Limited
("MySQUAR" or the "Company")
Suspension of Trading
The Company announces that it has requested the suspension of
trading on AIM of the ordinary shares ("Shares") of no par value in
the capital of the Company with effect from 7.30am today pending
the clarification of the Company's financial position. This follows
a review of the account into which the proceeds were paid of the
bond issues announced on 7(th) March 2018 and 20(th) June 2018.
The Company's cash balances are very low and it has sought to
draw down on the $1m facility from Rising Dragon Singapore Pte
Limited without success. As a consequence there is material
uncertainty regarding the Company's working capital position.
The Company has also withdrawn the application for admission to
trading on AIM of the 171,428,571 Shares issued by way of a placing
announced on 30(th) October 2018.
The Company is continuing to investigate the above matters and
further announcements will be made as soon as practicable.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information:
MySQUAR Limited
Stephen Chong (Interim Chief Tel: +65 6725 6388
Executive)
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint Tel: +44 (0) 203 470
Broker 0470
Stuart Gledhill / Soltan Tagiev
Daniel Stewart and Company
Plc
Joint Broker Tel: +44 (0) 207 776
6550
David Lawman/Jon Levinson/Daphne
Zhang
SVS Securities plc
Joint Broker
Tom Curran +44 (0) 203 700 0093
Public Relations Tel: +44 (0) 781 677
0758
Damien McCrystal damien@mccrystal.info
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END
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