("MySQUAR" or the "Company")
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 a termination notice from its registrar, Computershare, for the provision of depositary services and custody services of the shares that were delisted from the AIM market of the London Stock Exchange on 10 December 2018.
The Company’s cash position remains critically low and is unable to pay the outstanding invoices to Computershare for the maintenance of the share register It is unlikely that the Company would be able to relist on AIM as it was previously unable to find a replacement Nomad despite the diligent efforts of the Board and others.
Computershare will cease to maintain the Company’s share register and CREST as of 8 April 2019. Computershare will mail hard copy share certificates to all ordinary shareholders and depositary interest holders.
Shareholders (that is, those who did not acquire shares through a broker or nominee) should ensure that Computershare hold their correct address. If this has recently changed, Shareholders are advised to send an original letter of instruction quoting the Computershare reference number and updated address to Computershare Investor Services, The Pavilions, Bridgwater Road, Bristol BS13 8AE. The reference number can be found on any Computershare statement. If not known, contact Computershare Investor Services at +44 (0) 370 702 0000. The letter of instruction must be received by 7 April 2019.
Depositary Interest holders (that is, those who acquired shares through a broker or nominee) will be sent a bulk share certificate directly to the broker or nominee who will then advise on obtaining a share certificate.
MySQUAR, announces that Nicolas Nguyen has resigned as Chief Financial Officer of the Group effective yesterday. The Senior Vice President – Finance will be taking over his duties with the support of the Interim Chief Executive Officer as needed.
Status of the Company
MySQUAR continues to operate as a going concern and continues to seek financial support from third parties. The Company continues in discussions with a potential trade purchaser of the Company’s trading subsidiaries and will update shareholders should there be any further developments.
For further information:
Stephen Chong (Interim Chief Executive)
Email: [email protected]