The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think this is very relevant to the cause _
Since the beginning of the war, cryptocurrencies have become a powerful tool for attracting additional funding to support the Armed Forces of Ukraine. In more than three weeks of war, the Crypto Fund of Ukraine has raised more than $ 54 million in cryptocurrencies.
Today, the President signed the law "On Virtual Assets". We are launching a legal market for virtual assets in Ukraine and bringing the cryptosector out of the shadows.
The crypto market is one of the most dynamic sectors of the digital economy. Last year, the total capitalization of the industry increased to $ 3 trillion.
No other area can show such a strong rate of capital growth. The crypto industry is also actively developing in Ukraine.
What will change with the new law?
• foreign and Ukrainian cryptocurrencies will operate legally;
• banks will open accounts for crypto companies;
• Ukrainians will be able to protect their investments in virtual assets.
• The state will guarantee judicial protection of rights to virtual assets
Today we have to build new sectors of the economy. After all, business development is the key to Ukraine's stability.t
RNS Number : 9659N
GSTechnologies Ltd
05 October 2021
5 October 2021
GSTechnologies Limited
("GST" or the "Company" or the "Group")
Conditional acquisition of Angra Limited
GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, is pleased to announce that the Company has entered into a conditional agreement to acquire the whole of the issued share capital of Angra Limited ("Angra"), a UK-based foreign exchange and payment services company (the "Acquisition").
Angra, which operates under the AngraFX brand name, is a Financial Conduct Authority ("FCA") approved Authorised Payment Institution ("API"), conducting fast, secure and low-cost foreign exchange business and payment services internationally. In the year ended 30 September 2020 Angra transacted business to the value of £64.0 million.
The Company is acquiring Angra from its director and sole shareholder Rodolfo Modesto Basilio (the "Seller"). It is GST's intention that Rodolfo and the current management and employees of Angra will remain with the Company.
The Company will conditionally acquire 100% of the issued share capital of Angra and, in addition, the Seller will assign his £100,000 loan to Angra to the Company for a nominal consideration. Consideration for the Acquisition is £800,000 payable in cash upon completion. In its most recent published accounts to 30 September 2020, Angra reported gross assets of £1.7 million of which £0.47 million was cash. For the year to 30 September 2020, Angra reported profit before tax of approximately £69,000.
Completion of the Acquisition is conditional, inter alia, on final due diligence, which is expected to be completed by GST by 31 October 2021, and also on GST obtaining approval from the FCA for the change of control of Angra, a regulated entity. Further announcements will be made on the progress of the Acquisition in due course.
The Company stated in its recent prospectus, published on 6 September 2021, that it intended to seek an API licence in order to be able to connect to traditional banking payment systems and agent networks, operate a remittance business in the UK and grow revenues from the stablecoin network and applications that are being developed from the collaboration with Wise MPay, announced earlier this year. Given the Company's conditional acquisition of Angra, which is already an FCA-approved API, the Company will not now continue its own process to obtain a separate API licence as it is expected that this will not be required.
Further announcements will be made as appropriate.
Tone Goh, Chairman of GST, commented: "We are very pleased to have reached an agreement with Angra. The acquisition of Angra, based in London, is intended to accelerate the development of our blockchain enabled neobanking business. Subject to the completion of our remaining due diligence, and the receipt of FCA approval, the acquisition of Angra will
I have 40000 bou shares but they are not showing as being converted to the new company name I am with lloyds share dealing
Google only quotes last trade not necessarily the price
I have extracted this from Novembers RNS. can someone explain if this will mean more conversions and more dilution|-
Further details of the Convertible Loan Notes
Mint Capital has conditionally agreed to subscribe for up to £60 million in aggregate principal amount of the Convertible Loan Notes pursuant to an agreement entered into today with the Company (the "Subscription Agreement"). The key terms of the Convertible Loan Notes include:
§ A principal amount of up to £60,000,000, split into denominations of £50,000 per Convertible Loan Note. The Convertible Loan Notes will be subscribed for at par.
§ The Convertible Loan Notes are to be issued in up to nine tranches. The first tranche of £12,000,000 in principal amount is expected to be issued immediately following satisfaction of the conditions in the Subscription Agreement (the "Initial Issue Date"). The subsequent eight tranches are issuable at the sole discretion of, and in the amounts determined by, the Company at respective intervals of 90 days after the Initial Issue Date. The aggregate maximum principal amount of the Convertible Loan Notes is limited to £60,000,000.
§ No interest is payable on the Convertible Loan Notes.
SHOW ME THE MONEY NOT SHOWING
Shell companies do not produce and do not have any material assets only name and money therefore clear leisure is no shell
There is approximately 4 million more volume than there is buys and sells there this would say there is more down ward pressure and the 4 million are mostly sell order's
Hi Bash
The volume is just over 26 mil so that is 10 mil unaccounted for is this a sale or buy?
Any one have idea what the price will be when relisted
sold + buys 15 million- 35 million unaccounted for are they massive sell or buys?