Valereum PLC Acquisition of Valereum Collections and AGM Update (8164X)
22 Dicembre 2023 - 1:09PM
UK Regulatory
TIDMVLRM
RNS Number : 8164X
Valereum PLC
22 December 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")
22/12/2023
Valereum Plc
("Valereum" or the "Company")
Acquisition of Valereum Collections Ltd and AGM Update
Valereum Plc (AQUIS: VLRM), the Gibraltar technology group, is
pleased to announce that Valereum now owns 100% of Valereum
Collections Ltd. The acquisition of the minority shareholding of
Valereum Collections Ltd ensures Valereum Plc benefits from all
future value generated in and obtains full control of Valereum
Collections Ltd.
Agreement has been reached for the minority shareholders of
Valereum NFT Collections Limited (currently a 99.8% subsidiary of
Valereum) to exchange their 0.2% 11,280 shares (subscribed for at
GBP6.25 per share for a total of GBP70,500) for the commensurate
number of shares (2,517,857) in Valereum at 2.8p per Valereum share
based on the original investment.
Application will be made for the listing of the new Ordinary
Shares, which will rank pari passu with the existing Ordinary
Shares in issue, to be admitted to trading on the AQSE Growth
Market ("Admission"). Dealings are expected to commence on or about
2 January 2024 and the issue is subject only to Admission.
Total Voting Rights
Following Admission, the total number of Ordinary Shares in the
capital of the Company on issue will be 99,162,905 with voting
rights. This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company's issued share capital pursuant to the Company's
Articles.
Related Party Transactions
By virtue of James Formolli's (Chairman of the Company)
shareholding of 3,200 shares in Valereum Collections Limited, James
Formolli has been issued with 714,286 Ordinary Shares in
Valereum.
Following the issue of shares, James Formolli holds 5,614,286
Ordinary Shares in the Company, which represents approximately
5.66% of the enlarged issued share capital of the Company.
Having exercised reasonable care, skill and diligence, the
directors are comfortable that the transaction is fair and
reasonable as far as the shareholders of the issuer are
concerned.
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation, is appended below.
AGM Update
As previously disclosed, Valereum will be holding its AGM in the
New Year, and we will be inviting all shareholders to attend to
formally approve the new strategy. We will notify you of the date
and location of the AGM in early January. At the AGM we will take
the opportunity to update investors as follows:
1. Meet the new board
2. Business Plan: presentation of the board's medium term plan
(1-3 year cycle) which will detail the updated strategy and vision
for the group, including:
a. The VLRM Markets roadmap;
b. The VLRM Technology roadmap including the launch of the "Bridge"
c. Financial projections
d. Other milestones
e. Governance and compliance
f. Marketing and branding (The Great Reset)
g. ESOP (Employee Stock Option Plan)
3. Financial update
4. Update on new market listings
5. Q&A
James Formolli, Chairman stated: "Since taking over as Chairman
eight weeks ago I have focused on a number of initial priorities to
stabilise the ship and set our course. We've negotiated the removal
of the convertible loan notes; our shares have resumed trading on
Aquis; we have appointed a new CFO; we have acquired the GSX Group
(including appointing a new CEO and CTO) culminating in a newly
appointed Board of Directors. There are significant plans for the
Company and I look forward as a team to maintaining our trajectory
into 2024."
The directors of the Company accept responsibility for the
contents of this announcement.
For more information, please visit the Company's website at
Valereum.gi
Enquiries:
Valereum Plc
James Formolli, Chairman
Tel: +971 4584 6284
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 20 3855 5551
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Formolli
------------------------------ -------------------------------------------
2. Reason for the Notification
---------------------------------------------------------------------------
a) Position/status Chairman
------------------------------ -------------------------------------------
b) Initial notification Initial notification
/ Amendment
------------------------------ -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Valereum Plc
------------------------------ -------------------------------------------
b) LEI 213800EJ8BFEQQ9POX79
------------------------------ -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
---------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1p each
Financial instrument,
type of instrument
Identification Code GI000A1171Y8
------------------------------ -------------------------------------------
b) Nature of the transaction Issue of shares
------------------------------ -------------------------------------------
c) Price(s) and volume(s) Price Volume
GBP0.028 per 714,286 Ordinary Shares
Ordinary Share
-----------------------
------------------------------ -------------------------------------------
d) Aggregated information:
* Aggregated volume 714,286 ordinary shares
GBP20,000
* Price
------------------------------ -------------------------------------------
e) Date of the transaction 21 December 2023
------------------------------ -------------------------------------------
f) Place of the Transaction Outside a trading venue
------------------------------ -------------------------------------------
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END
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(END) Dow Jones Newswires
December 22, 2023 07:09 ET (12:09 GMT)
Grafico Azioni Valereum (AQSE:VLRM)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Valereum (AQSE:VLRM)
Storico
Da Gen 2024 a Gen 2025
