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GSTechnologies Limited noted a recent rise in its share price on April 11, 2023. The company confirmed its stablecoin application for admission to the UK Financial Conduct Authority (FCA) Regulatory Sandbox, first announced on February 20, 2023, is progressing. The FCA has verbally indicated the application is eligible for panel review, with a decision expected in mid-May 2023.
| Date | 11 Apr 2023 |
| Time | 07:00:08 |
| Category | Corporate updates |
| ID | 7162V |
11 April 2023
GSTechnologies Limited
("GST" or the "Company" or the "Group")
Statement re Share Price Rise
GSTechnologies Limited (LSE: GST), the fintech company, notes the recent rise in the Company's share price and confirms that the Company's stablecoin application for admission to the UK Financial Conduct Authority ("FCA") Regulatory Sandbox (the "Sandbox Application"), as announced on 20 February 2023, continues to progress as anticipated. The Sandbox Application has been assessed by the FCA who have verbally indicated that it is eligible for, and undergoing, FCA panel review and further assessment. The Company expects to receive the decision on the Sandbox Application in mid-May 2023 and in the meantime the Company continues to assist the FCA with their panel review of the Sandbox Application.
Further announcements will be made in due course, as appropriate.
Enquiries:
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The Company |
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Tone Goh, Executive Chairman |
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+65 6444 2988 |
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Financial Adviser |
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VSA Capital Limited |
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+44 (0)20 3005 5000 |
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Simon Barton / Evon Chan |
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Financial PR & Investor Relations |
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IFC Advisory Limited Tim Metcalfe / Graham Herring / Florence Chandler |
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+44 20 (0) 3934 6630 |
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For more information please see: https://gstechnologies.co.uk/