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Chunky buys coming in at this level :-)
Primed to break .7p with bid ticking up
1 mil buyer in the market all morning
.72!on the offer towards the highs of the day
No placing here, the CLN got cancelled because they don't need to raise
Application has been made to the London Stock Exchange for the 81,189,907 Conversion Shares to be admitted to trading on the Main Market of the London Stock Exchange and the Standard Segment of the FCA Official List ("Admission"). It is expected that Admission will become effective and that dealings in the Conversion Shares on the Main Market of the London Stock Exchange will commence at 8.00 a.m. on or around 11 April 2023.
On Admission, the Company's issued share capital will consist of 1,763,222,277 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 1,703,222,277 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.
Capitalised terms not otherwise defined in this announcement have the same meanings as ascribed to them in the Company's announcement of 28 December 2022.
Enquiries:
The Company
Tone Goh, Executive Chairman
+65 6444 2988
Broker
OvalX
+44 (0)20 7392 1400
Tom Curran / Thomas Smith
Financial PR & Investor Relations
IFC Advisory Limited
Tim Metcalfe / Graham Herring / Florence Chandler
+44 20 (0) 3934 6630
gst@investor-focus.co.uk
Corporate U
GSTechnologies Limited (LSE: GST), the fintech company, announces that the Company has received a conversion notice from the Loan Facility provider to convert the remaining US$285,000 principal amount of the Loan Facility and the associated interest of US$28,500 (10%), into new ordinary shares of no-par value in the capital of the Company ("Ordinary Shares").
The conversion price per Ordinary Share under the terms of the Loan Facility has been determined to be 0.312936 pence per new Ordinary Share and the conversion will therefore result in 81,189,907 new Ordinary Shares being issued to the provider (the "Conversion Shares").
Following this conversion no principal amount or associated interest remains outstanding under the Loan Facility.
I noticed from the GST website that the loan conversion shares were listed today 81 mil. Looks like they knew what was coming and hanging on to those
MM's are struggling, they're going to have to,let it go :-)
People will start positioning for tomorrow soon...another big open tomorrow inbound imo
Be careful if you're going to try to trade this, I noticed on Thursday it was easy to sell large volumes, but then you couldn't buy back until it was higher than the original dip, it happend a lot...good luck all, top of the posters on the BB so is attracting attention
Duty window licker has arrived to scare people :-)
Expect to see a strong close as people position for Tuesday opening:-)
Paid and buyers continue to arrive
.84 on the bid rapidly moving through 1p today imo
Going to break days high now word is getting out
SP now moving into the Blue
Bouncing back well from the earlier flush out MM’s thanking sellers for giving them shares on the cheap
That was a quick drop for stop/losses and now trending up again
Heading to 1p+ this morning:-)