Concern Regarding Potential Non-Compliance with Disclosure Obligations under UK MAR by GSTechnologies Limited (LSE: GST) – Update on Semnet Arbitration Settlement13 Feb 2026 06:02
1/2 Get this over to the FCA lads, get them to act!
Below you can make your complaint about the delayed semnet news.
https://www.fca.org.uk/market-abuse-reporting-form
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
Dear FCA,
I am writing as a [private investor/shareholder in GSTechnologies Limited] to bring to your attention a potential failure by GSTechnologies Limited (LSE: GST) to comply with its continuing disclosure obligations under the UK Market Abuse Regulation (UK MAR).
In its Interim Results announcement released via Regulatory News Service (RNS) on 18 December 2025, the Company provided the following update on its ongoing arbitration dispute with the sellers of Semnet Pte. Ltd.:
"A mediation hearing was held in early December 2025 and a formal settlement agreement between the Sellers and the Company is expected to be entered into in late December 2025 or early January 2026. It is currently expected by the GST Board that this will see the return to the Company US$800,000 of cash consideration, the 58,844,713 consideration shares issued to the Sellers and a payment in Singapore Dollars equating to approximately US$300,000 to cover the Company's operational costs. Further updates will be announced as appropriate."
(Source: https://www.londonstockexchange.com/news-article/GST/interim-results/17379371)
This disclosure indicated that a material settlement – involving the return of significant cash, a substantial block of consideration shares, and reimbursement of operational costs – was anticipated imminently, within days of the announcement.
As of today, 12 February 2026 – more than five weeks after the end of the stated timeframe ("late December 2025 or early January 2026") – the Company has issued no further RNS announcement providing an update on the status of the settlement agreement.
Subsequent RNS releases (e.g., Acquisition of Finferno on 29 December 2025, End of MiCA Transitional Period in Lithuania on 31 December 2025, and Completion of Metapay Acquisition on 22 January 2026) contain no reference to the Semnet matter.
The resolution (or material delay) of this arbitration is clearly price-sensitive inside information that directly concerns the issuer. The anticipated settlement terms are financially significant and would have a notable impact on the Company's balance sheet, issued share capital, and overall financial position. A substantial delay in finalising the agreement – or any change in the expected outcome – would likewise be capable of having a significant effect on the share price.
In the absence of any update, the market continues to trade on the basis of the December 2025 statement, which implied an imminent positive resolution. The Company's own commitment to provide "further updates...as appropriate" has not been honoured in circumstances where an update appears plainly required.