Business
US$10 million Unsecured Loan Facility
GSTechnologies Limited has secured a US$10 million unsecured term loan facility from Clarivan Group Kommanditbolag, which will be available in two tranches of US$5 million each in July and August 2026. This facility, carrying a 5% annual interest rate payable monthly, is intended to bolster working capital and provide financial flexibility for strategic growth initiatives, including potential acquisitions. The loan matures on July 31, 2030, with options for repayment through cash, ordinary shares, or a new class of non-voting preference shares, subject to certain conditions and approvals. Disclaimer*
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018. 17 June 2026 GSTechnologies Limited ("GST", "GSTechnologies" or the "Company") US$10 million Unsecured Loan Facility GSTechnologies Limited (LSE: GST), the fintech company, is pleased to announce that it has entered into a US$10 million unsecured term loan facility agreement with Clarivan Group Kommanditbolag, a company incorporated in Sweden (the "Lender") (the "Facility"). The Company intends to utilise the Facility to provide additional working capital and financial flexibility as it progresses its strategic growth initiatives, including for potential strategic acquisitions. Tone Goh, Chairman of GSTechnologies, commented: "The Facility provides GST with access to significant additional capital on attractive terms, enhancing our financial flexibility as we continue to execute our growth strategy. In particular, the Facility strengthens our ability to pursue strategic acquisition opportunities while supporting the ongoing development of our existing businesses and initiatives." Key Terms of the Facility · Unsecured term loan facility of up to US$10 million. · The Facility is available in two tranches: US$5 million from 1 July to 31 July 2026; and US$5 million from 1 August to 30 August 2026. · Interest accrues on amounts drawn under the Facility at a rate of 5 per cent. per annum and is payable monthly in arrears. · The proceeds of the Facility may be used for general working capital purposes and potential corporate opportunities, including strategic acquisitions. · The Facility has a maturity date of 31 July 2030. · The Facility is repayable in full on 31 July 2030 unless prepaid, redeemed or converted in accordance with its terms. · Subject to the terms of the Facility agreement, the Lender may elect to receive repayment of the outstanding principal amount of the Facility together with accrued interest through the issue of a new class of non-voting preference shares to be created by the Company, with such shares carrying prefe...
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