RE: Afternoon all31 Mar 2026 13:52
Flip-Flop BoD ....ot who Tao be called Mr TACO perhaps
Strategic Focus on Integrated Financial Services
Following the successful integration of the Bake Cryptocurrency Platform into the Group's digital asset arm, GS Fintech, and a significant expansion of the Group's regulated financial services footprint across Europe, the GST Board has reviewed the Group's current strategic priorities.
On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a cross-border payments business. After careful consideration, the GST Board has determined that there is no urgent need to proceed with the acquisition of EasySend at this time. Therefore any completion of the acquisition of 60% of EasySend has been postponed and the GST Board will continue to monitor the appropriateness of EasySend joining the Group. This decision reflects the Company's commitment to enhancing shareholder value through disciplined capital allocation and operational efficiencies.
Additionally, in light of the SPA entered into to acquire Metapay, GST has made the strategic decision not to proceed with the previously considered acquisition of Bonfirepay SL in Spain.