MYSQ Mysquar

TIDMMYSQ

RNS Number : 2699G

MySQUAR Limited

05 November 2018

5 November 2018

MySQUAR Limited

("MySQUAR" or the "Company")

Suspension of Trading

The Company announces that it has requested the suspension of trading on AIM of the ordinary shares ("Shares") of no par value in the capital of the Company with effect from 7.30am today pending the clarification of the Company's financial position. This follows a review of the account into which the proceeds were paid of the bond issues announced on 7(th) March 2018 and 20(th) June 2018.

The Company's cash balances are very low and it has sought to draw down on the $1m facility from Rising Dragon Singapore Pte Limited without success. As a consequence there is material uncertainty regarding the Company's working capital position.

The Company has also withdrawn the application for admission to trading on AIM of the 171,428,571 Shares issued by way of a placing announced on 30(th) October 2018.

The Company is continuing to investigate the above matters and further announcements will be made as soon as practicable.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information:

 
MySQUAR Limited 
Stephen Chong (Interim Chief       Tel: +65 6725 6388 
 Executive) 
 
SP Angel Corporate Finance 
 LLP 
Nominated Adviser & Joint          Tel: +44 (0) 203 470 
 Broker                             0470 
Stuart Gledhill / Soltan Tagiev 
 
Daniel Stewart and Company 
 Plc 
Joint Broker                       Tel: +44 (0) 207 776 
                                    6550 
David Lawman/Jon Levinson/Daphne 
Zhang 
SVS Securities plc 
 Joint Broker 
 
 Tom Curran                        +44 (0) 203 700 0093 
Public Relations                    Tel: +44 (0) 781 677 
                                     0758 
Damien McCrystal                   damien@mccrystal.info 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 05, 2018 02:00 ET (07:00 GMT)

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