RE: Board chat.17 Nov 2023 00:15
L88,
In very simplistic terms Teo had 207m shares on the 06/09/21, then on the 05/10/22 he purchased EMS for a consideration of 60m shares (Now held in GST Treasury). That would leave him with 147.6m shares.
We now see that he holds 102.9m , so where has the difference gone?
Could be on tax, additional costs, he sold some etc.
Thing is GST are not very good when it comes to updating their website/director holdings. As an example take a look at the last recent AGM paper.
My email to IR's
I think there is an error on page 6 , item 7 of the GSTechnologies NOTICE OF 2023 ANNUAL GENERAL MEETING 20th October 2023, with respect to the total number of voting rights when reading the pdf document using below link
https://www.gstechnologies.co.uk/post/notice-of-annual-general-meeting
It states:
viii As at the close of business on 14 September 2023, the Companyās issued share capital comprised
1,548,558,192 shares of no-par value. Each Ordinary Share carries the right to one vote at a
general meeting of the Company, and therefore the total number of voting rights in the Company
as at the time and date given above is 1,548,558,192
Compare this figure to the RNS of the 17th May 2023
On Admission, the Company's issued share capital will consist of 1,838,222,277 Ordinary Shares, each with one voting right. There are 60,000,000 Ordinary Shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 1,778,222,277 and this figure may be used by shareholders following Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
https://www.investegate.co.uk/announcement/rns/gstechnologies-npv-di---gst/placing-to-raise-750-000/7531322
A difference in voting rights of some 229.67m
Also Point 22, 22. Share capital and reserves in the Annual Report as at 31st March 2023 supports the above.
So, in conclusion GST need to start to bear down on the folk who are responsible for ensuring all data is aligned.
I strongly suspect that they are just so busy right now that admin has fallen behind somewhat for now, but that in my book is no excuse!
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