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MySQUAR Limited (MYSQ)

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Wednesday 03 January, 2018

MySQUAR Limited

Response to recent market commentary

RNS Number : 8856A
MySQUAR Limited
03 January 2018
 

MySQUAR Limited ("MySQUAR" or the "Company")

Response to recent market commentary

 

Further to speculation from a recent internet article noted today, MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, announces that it has received an approach from another organisation which may or may not lead to a takeover offer.

 

Whilst appreciating any interest shown by potential investors or acquirers, the Company is not actively seeking a purchaser and believes that the continued growth and monetisation of its products will make it an even more attractive prospect over time.

 

There can be no certainty that an offer will be made for the Company or as to the terms on which any offer might be made.

 

It should be noted that as a British Virgin Islands incorporate company, the UK Takeover Code does not apply to MySQUAR however, further announcements will be made in due course as appropriate.

 

 

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

 

Eric Schaer (Chief Executive)

Tel: +65 6725 6388

Pham Dang Hung (CFO)

 

 

 

SP Angel Corporate Finance LLP

Tel:  +44 (0) 203 470 0470

Nominated Adviser

 

Stuart Gledhill/Soltan Tagiev

 

Beaufort Securities Limited

Broker

Jon Belliss/Elliot Hance

 

Public Relations

Damien McCrystal

 

 

 

 

Tel:  +44 (0) 207 382 8300

 

 

 

Tel:  +44 (0) 781 677 0758

[email protected]

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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