IN BRIEF: GSTechnologies notes share rise, FCA application progressing

GSTechnologies Ltd - Milton Keynes, England-based information technology solutions company - Notes recent share price rise and confirms its stablecoin application for admission to the UK Financial Conduct Authority regulatory sandbox continues to progress as expected. Says 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. Expects to receive the decision on the application in mid-May 2023. Says it continues to assist the FCA with their panel review of the sandbox application in the meantime. The application was first announced in late February, while GSTechnologies says it will make further announcements "in due course" and as appropriate.

Current stock price: 1.35 pence, up 20%

12-month change: down 16%.

By Greg Rosenvinge, Alliance News reporter

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