Pires Investments PLC Pluto acquires YOP DeFi Project
01 Octubre 2021 - 2:18AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
01 October 2021
1 October 2021
Pires Investments plc
("Pires" or the "Company")
Pluto acquires YOP DeFi Project
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in Pluto Digital Assets plc ("Pluto"), a
technology company that is operating in the exciting digital assets
sector.
Following Pluto's recent announcement of its strategic NFT
partnership, the company today announced that it has acquired the
assets of the innovative DeFi project, Yield Optimisation Platform
("YOP"). Pluto intends to reimagine, redevelop and relaunch the YOP
platform and to support the existing protocol, community and $YOP
token.
Pluto plans to deliver YOP's vision of 'DeFi For Everyone' to
the fullest extent possible. Pluto will be allocating significant
budget and human resources to building a best-in-class quality
decentralised finance ("DeFi") platform, which will drive value
through the $YOP token. Pluto has established a tech team to
re-design and redevelop the YOP platform, initially as a Web 3.0
platform, which can deliver significant value and continue to grow
the community of $YOP token holders. Taking on the assets, which
include the $YOP tokens, IP, brand, and website, Pluto will be
rebuilding the YOP platform to relaunch as YOP 2.0.
The Board believes that this acquisition represents a good
opportunity for Pluto and understands that it was achieved on
attractive terms. Following the announcement, the price of the YOP
tokens increased substantially, further confirming the value of
Pluto's involvement with the YOP project.
As announced on 9 March 2021, Pires holds 32,518,876 shares in
Pluto and warrants over 24 million new ordinary shares in Pluto,
subject to certain vesting conditions.
Nicholas Lee, Director of Pires, commented:
"Following shortly after the announcement of its partnership in
the NFT space, this acquisition clearly demonstrates the rapid
progress that Pluto is continuing to make in this very exciting
sector. We look forward to further developments as the company
proceeds towards its IPO."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Joint Broker Tel: +44 (0) 20 7469 0935
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0936
Duncan Vasey/Lucy Williams
Joint Broker Tel: +44 (0) 20 3167 7221
Tennyson Securities
Peter Krens
Financial media and PR Tel: +44 (0) 20 3004 9512
Yellow Jersey
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
.
About Pluto Digital Assets plc
Pluto Digital PLC (Pluto) is a crypto technology and operations
company whose goal is to bring Decentralised Finance (DeFi) and
Metaverse (blockchain gaming and NFTs) to the global economy. Pluto
is making DeFi available to everyone through products and services
created by Pluto's software development Labs division, new yield
farming strategies through Pluto's Yield division and collaborating
with emerging DeFi projects and the NFT metaverse through Pluto's
Ventures division.
Further information on Pluto can be found at
https://plutodigitalassets.com .
About YOP
YOP is a mobile based DeFi platform which focuses on making DeFi
accessible to everyone via a series of protocols which provide
products via a personalised dashboard. The YOP platform is fueled
by the $YOP token and powered by the Ethereum ecosystems. Users
holding YOP tokens in their wallet unlock premium services within
the app.
Further information on YOP can be found at:
https://yop.finance
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