Valereum PLC Sale of Bitcoin Mining Assets (0377X)
21 Abril 2023 - 1:00AM
UK Regulatory
TIDMVLRM
RNS Number : 0377X
Valereum PLC
21 April 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR")
21 April 2023
Valereum Plc
("Valereum" or the "Company")
Sale of Bitcoin Mining Assets
Valereum Plc, the Gibraltar technology group, is pleased to
announce that it has sold its Bitcoin Mining assets to Vinanz Ltd
("Vinanz") for a total consideration of 27,325,171 shares in
Vinanz. Vinanz is listing on London's AQUIS Stock Exchange and
these shares will have an asset value to Valereum of around
GBP800,000 (valued at Vinanz's listing price of 3p per shares).
Richard Poulden, Valereum's Chairman, said: "The sale of the
Bitcoin mining assets clearly demonstrates the board's commitment
to focus completely on the core business of completing the exciting
acquisition of the Gibraltar Stock Exchange and launching our NFT
Collections program."
The shares in Vinanz are subject to a 12 month lock-in.
Rule 4.6 of the Access Rulebook:
Richard Poulden, a director of Valereum, controls Black Swan FZE
which subscribed for shares in Vinanz, having paid a total
consideration of GBP25,000, and currently owns 15.63% of Vinanz's
share capital. On admission of Vinanz, Black Swan's shareholding
will be diluted to 8.58%. Black Swan's shares are also subject to a
12-month lock-in. In addition to being a director of Valereum,
Richard Poulden owns 3.37% of the Company.
The Directors (excluding Richard Poulden), having exercised
reasonable care, skill and diligence, believe that the
above-described transaction is fair and reasonable as far as the
shareholders of Valereum are concerned.
The Directors of the Company accept responsibility for the
contents of this announcement.
END
Enquiries:
Valereum Plc
Richard Poulden, Chairman
Tel: +971 4584 6284
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 (0) 7876 888 011
brian@first-sentinel.com
Investor Relations
J&H Communications Limited
George Hudson
Tel: +44 (0)7803 603130
george@j-hcommunications.com
For more information, please visit the Company's website at
valereum.gi
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END
NEXUAAVROSUSURR
(END) Dow Jones Newswires
April 21, 2023 02:00 ET (06:00 GMT)
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