1st Aug 2016 15:19
MySQUAR Limited ("MySQUAR" or the "Company")
Directors' subscriptions
Directors' dealings
Total voting rights
Further to the announcement earlier today relating to the placing to raise £455,000 (the "Placing"), MySQUAR Limited is pleased to announce that Neil Osborn, a directors of the Company, has subscribed for a total of 571,429 new ordinary shares of no par value in the Company at a price of 3.5 pence per share (the "Director Shares"), being on the same terms as the Placing, for a further sum of £20,000. For each Placing Share subscribed for, Neil Osborn will also receive 1 warrant to subscribe for one new share of no par value each in the Company at an exercise price of 5.5 pence per share with a 3 year exercise period from admission of the Placing Shares to trading on AIM ("Admission").
Application will be made for the 13,000,000 new ordinary shares of no par value issued under the Placing, together with the 571,429 Director Shares, to be admitted to trading on AIM ("Admission"). Such shares will rank pari passu with all existing ordinary shares in the Company, and Admission is expected to take place on or around 15 August 2016.
The following Director has subscribed for Director Shares, with the resultant shareholding as described below:
Name | Number of Director Shares | Shareholding upon Admission | Percentage of enlarged share capital upon Admission |
Neil Osborn | 571,429 | 571,429 | 0.28% |
Total voting rights
At Admission, the Company's issued share capital will consist of 201,356,097 ordinary shares with no par value, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 201,356,097.
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Neil Osborn | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
b) | Initial notification/amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | MySQUAR Limited | ||||
b) | LEI: |
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4. i) | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument:
Identification code: | Ordinary shares of no par value
VGG6361G1072 | ||||
b) | Nature of the transaction: | Equity placing participation | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information:
Aggregated volume:
Price: | Single transaction as in 4 c) above
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e) | Date of transaction: | 1 August 2016 | ||||
f) | Place of transaction | Outside a trading venue | ||||
4. ii) | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument:
Identification code: | Warrants over ordinary shares of no par value
VGG6361G1072 | ||||
b) | Nature of the transaction: | Grant of warrants over ordinary shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information:
Aggregated volume:
Price: | Single transaction as in 4 ii) c) above
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e) | Date of transaction: | 1 August 2016 | ||||
f) | Place of transaction | Outside a trading venue | ||||
For further information:
MySQUAR Limited |
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Eric Schaer (Chief Executive) | Tel: +65 6818 6089 |
Pham Dang Hung (CFO) |
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SP Angel Corporate Finance LLP |
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Nominated Adviser | Tel: +44 (0) 203 470 0470 |
Stuart Gledhill Laura Harrison
Beaufort Securities Limited Joint Broker Jon Belliss Elliot Hance
Mirabaud Securities LLP Joint Broker Edward Haig-Thomas Peter Krens |
Tel: +44 (0) 207 382 8300
Tel: +44 (0)20 7878 3447 |
Public Relations Damien McCrystal |
Tel: +44 (0) 7816 770 758 |
Related Shares:
Mysquar