RE: EMI Licence + MiCA Licence due. Semnet ($54mil), BAKE, Angra. 5p+4 Nov 2025 14:11
Angra Limited in the UK is currently applying for an FCA Electronic Money Institution ("EMI") licence which will enable it to substantially increase its market offerings and services, including the ability to issue electronic money and provide payment services such as digital wallets and prepaid cards. Significant investment was made during FY25 in connection with this application and we look forward to reporting further on this in due course.
The Company has also appointed Response Legal to assist in securing a Markets in Crypto-Assets (MiCA) licence. The Company is confident in achieving a positive result, expected in the second half of 2025, further strengthening its position in the European digital asset market.
"SemNet valuation" refers to the financial worth of Semnet Pte Ltd, a Singapore-based cybersecurity company, which has been valued at US$54 million. This valuation was established in November 2024 as part of preparations for a potential listing on the NASDAQ exchange by its parent company, GSTechnologies.
What an exciting period ahead of us.
Semnet outdated official value = about 2p a share equivalent for GST not factoring in everything else. Semnet has since grown