Update on 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

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.