Funding Discussions and Proposed Board Changes

GS Chain PLC

26 October 2026

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED WHICH, BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, FORMS PART OF UK LAW. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (“RIS”), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

GS CHAIN PLC
("GS Chain" or the "Company")

Update on Funding Discussions and Proposed Board Changes

GS Chain Plc, a UK company admitted to the Equity Shares (Shell Companies) category of the Official List of the Financial Conduct Authority (the “Official List”) and to the main market of the London Stock Exchange (“Main Market”), is pleased to provide an update on ongoing discussions regarding potential new funding arrangements and the anticipated evolution of its Board of Directors.

Financial Position and Proposed Funding

The Company is actively engaged in discussions with potential financing parties, including two of its principal shareholders, with a view to securing a significant near-term refinancing.

The proposed funding is intended to strengthen the Company's financial position, address its outstanding financial obligations and provide a more stable foundation for its future activities.

While the Company continues to face material financial constraints, the Board is focused on progressing these discussions and securing the financial resources necessary to support the Company's next phase of development.

Discussions remain ongoing, and there can be no certainty at this stage that the proposed refinancing will be completed.

Convertible Loan Note

It is envisaged that a convertible loan note (CLN) structure, subject to the customary corporate approvals and protections, will be put in place to facilitate the new funding arrangements. The market will be kept informed of the material terms of any new financing instruments in due course.

Proposed Board Changes

Alongside the ongoing funding discussions, the Company is progressing plans to strengthen and refresh its Board of Directors.

Chief Executive Officer Paul Carroll has agreed to resign from the Board to focus on his other projects. New Board members are expected to join the Company shortly.

The proposed appointments are intended to bring additional experience and leadership to the Company as it works towards strengthening its financial position and advancing its strategic objectives.

Prospective directors are completing the necessary due diligence and appointment procedures, with any appointments remaining subject to the relevant approvals.

The Company looks forward to providing further details as these arrangements are finalised.

Outlook

The Board remains focused on resolving the Company's outstanding financial obligations, securing additional funding and establishing an appropriate leadership structure to support its future development.

The Company will provide further updates to the market as material developments occur.

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For further information please contact:

GS Chain plc www.gschain.world
Sebastien Guerin, Director	[e-mail]
Bowsprit Partners Limited, Financial Adviser      John Treacy / Luis Brime	[phone]

Caution regarding forward looking statement:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

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