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")
28/03/2024
Valereum Plc
("Valereum" or the "Company")
Market update on
Appointment of PR Agency Wachsman and Interim Funding
Valereum Plc (AQSE:
VLRM), the Gibraltar technology solutions & markets
group, is pleased to announce the appointment of Wachsman as
a specialist PR agency to help execute the VLRM vision through the
delivery of greater brand awareness and to spearhead our
communications strategy & media engagement.
Established in 2015, Wachsman has significant
in-house expertise within the digital securities and blockchain
industry. Since their founding, Wachsman have become trusted
advisors and key-components to hundreds of clients' communications
strategies, with a litany of success stories from rebranding,
product launches and investment raises. Today, their organisation
maintains partnerships with leading companies that are pioneering
new frontiers, as well as household names within fintech and
capital markets.
Valereum has outlined ambitious aspirations to
transform global finance through innovative technology solutions
and marketplaces, in both Real World Assets (RWA) and centralised
exchanges for digital securities. Wachsman will become a vital part
of that VLRM journey, channelling their notable reach and
proficiency in defining, growing, amplifying, and sustaining the
VLRM message on the global stage.
Valereum Plc and Wachsman will now engage in a
collaborative process to build a ground-up communications roadmap
in line with key milestones and go-live expectations on a range of
service and product launches, including the V-wallet, The Bridge
DFMI, VLRM Capital and various RWA marketplaces. Wachsman's
dedicated team will continually help drive a powerful narrative
through media relations management & engagement, seeking out
high-profile media placement opportunities.
Wachsman are due to commence activities from
the 1st of May 2024, with messaging alignment and workshops on the
lead-up to the contract starting.
Interim
Funding
In addition, Valereum Plc has raised interim
funding of £300,000 from the VLRM Chairman in advance of a larger
capital raise due to close in Q3 2024, through the issuance of
5,000,000 new ordinary shares of 0.1 pence each ("Ordinary Shares")
and the same number of Warrants in line with the terms announced on
20 February 2024.
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 April 2024
and the issue is subject only to
Admission.
Total Voting Rights
Following the issuance of the new
Ordinary Shares, the Company's total issued and voting share
capital upon Admission will consist of 109,162,905
Ordinary Shares. 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.
Finally, following on from the Shareholder
Meeting held on the 22nd February 2024 we would like to inform our
shareholders that in line with the shared timelines, work is
progressing on the VLRM ecosystem initiatives detailed at the
meeting including but not limited to:
● VLRM Markets: the
VLRM Wallet, licence application for the exchange and CSD and
developing our Real World Assets marketplace;
● VLRM Technology: 'The
Bridge' DFMI platform development (including launching our VLRM
Technology website to showcase the core aspects of the
technology);
● VLRM Capital: fund
establishment.
A recording of the Shareholder Meeting is
available on Valereum's website: https://vlrm.com/
or can be viewed on YouTube: https://www.youtube.com/watch?v=iz187dIYedU
About
Wachsman
Founded in 2015, Wachsman is a leading global
strategy and communications firm advising the next generation of
companies in Web3, disruptive technologies, fintech and venture
capital. With offices across the world in New York, Los Angeles,
Washington, D.C, London, Dublin, Switzerland, and Singapore,
Wachsman has established its position as a trusted advisor to some
of the most innovative companies around the world.
More information is available at:
www.wachsman.com
Further announcements to follow in due
course.
The directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit the Company's
website at vlrm.com
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)
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Name
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James Formolli
|
|
2.
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Reason for the Notification
|
|
a)
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Position/status
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Chairman
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b)
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Initial notification /
Amendment
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Initial notification
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|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
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a)
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Name
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Valereum Plc
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b)
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LEI
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213800EJ8BFEQQ9POX79
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|
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 Financial
instrument, type of instrument
|
Ordinary shares of 0.1p
each
|
|
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Identification Code
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GI000A1171Y8
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b)
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Nature of the transaction
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Issue of shares
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c)
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Price(s) and volume(s)
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Price
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Volume
|
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£0.06 per Ordinary
Share
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5,000,000 Ordinary
Shares
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|
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d)
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Aggregated information:
· Aggregated volume
· Price
|
Single transaction, see details in item (c)
above
|
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e)
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Date of the transaction
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28 March 2024
|
|
f)
|
Place of the Transaction
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Outside a trading venue
|
|
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 Financial
instrument, type of instrument
|
Warrants over Ordinary Shares
of 0.1 pence each
|
|
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Identification Code
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GI000A1171Y8
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b)
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Nature of the transaction
|
Issue of Warrants
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c)
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Price(s) and volume(s)
|
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Issue Price
|
Volume
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£0.001
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5,000,000
|
|
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d)
|
Aggregated information:
· Aggregated volume
· Price
|
See details in item (c)
above
|
|
e)
|
Date of the transaction
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28 March 2024
|
|
f)
|
Place of the Transaction
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Outside a trading venue
|