Druces’ Capital Markets team has advised GSTechnologies Limited, the information and communication technology infrastructure provider, in connection with a secondary placing to raise a gross amount of approximately £1.4 million. This was achieved by way of a simplified disclosure prospectus.

GST’s strategy is to continue to develop its existing ICT and IoT offerings, serving governments and major private sector organisations worldwide. At the same time, the business is expanding its range of fintech services using blockchain technology. Druces worked closely with VSA Capital Limited on the deal, GST’s financial adviser.

David Smith (Consultant) led the Druces’ Capital Markets team which included Jack Kemmish (Senior Associate) and Mark Lamph (Solicitor).

David Smith commented: “We were delighted to have the opportunity to work with Tone Goh and his team on this fundraising. GST has exciting plans for the future and we are looking forward to developing our relationship with the company further over the coming months”.

Tone Goh, Chairman of GST commented: “Druces provided a high quality service on all aspects of the transaction and worked in synergy with us and GST’s other advisers. We look forward to continuing our relationship and highly recommend them“.

The announcement and prospectus are available on GST’s website at:
https://www.gstechnologies.co.uk/post/placing-to-raise-1-4m-publication-of-prospectus
https://www.gstechnologies.co.uk/investor-relations