GSTechnologies Ltd. — M&A Activity 2021

Nov 1, 2021

National Storage Mechanism | Additional information

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:

The Company
Tone Goh, Executive Chairman		+65 6444 2988
Financial Adviser
VSA Capital Limited		+44 (0)20 3005 5000
Simon Barton / Pascal Wiese
Financial PR & Investor Relations
IFC Advisory Limited Tim Metcalfe / Graham Herring / Florence Chandler		+44 (0)20 3934 6630

For more information please see: https://gstechnologies.co.uk/

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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