RE: The wait goes on...14 Dec 2021 12:36
As you will see in the second paragraph the Angra purchase is now only subject To FCA approval.
1st Nov 2021 07:00
RNS Number : 7987Q
GSTechnologies Ltd
01 November 2021
1 November 2021
GSTechnologies Limited
("GST" or the "Company" or the "Group")
Update on the Proposed Acquisition of Angra Limited
GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce an update regarding the Company's 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"), as announced on 5 October 2021.
As previously announced, completion of the Acquisition was conditional, inter alia, on final due diligence and also on GST obtaining approval from the Financial Conduct Authority ("FCA") for the change of control of Angra, a regulated entity. The Company is pleased to report the satisfactory conclusion of the due diligence exercise and that the Acquisition is now only conditional on the FCA granting approval for the change of control of Angra.
Further announcements will be made in due course as appropriate.
Enquiries: