RNS out...24 Mar 2021 11:14
KR1 plc Appointment of Chairman
24/03/2021 11:10am
UK Regulatory (RNS & others)
TIDMKR1
24 March 2021
KR1 PLC
("KR1" or the "Company")
Appointment of Chairman
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that Rhys Davies has been appointed as Non-Executive Chairman of the
Board with effect from today.
Rhys has been tremendously helpful since he joined KR1 as a Non-Executive
Director in December 2020 and brings an excellent perspective to the Company's
governance and operations.
The Board believes that it is the right time in KR1's development to formally
appoint Rhys as Chairman, given the sustained growth in the digital asset
sector and the Company's aspirations going forward.
Rhys Davies, Chairman of KR1, commented: "The exceptional track record of
returns generated by the KR1 investment and research team is a function of
their singular investment thesis and their skill in executing it through the
vagaries of the digital asset investment cycle. As a Company, we are now
developing the requisite support and oversight functions that will enable the
investment and research team to continue executing their strategy in a way that
is commensurate with a larger asset base."
George McDonaugh, Managing Director and Co-Founder of KR1, commented: "We are
excited to have Rhys take on this role, not only for the wealth of experience
he brings, but also for the clear desire he has shown to assist in stewarding
the Company on its journey. Rhys perfectly understands the vision for KR1 and
the rapidly changing and volatile space the Company operates in."
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
KR1 PLC
George McDonaugh +44 (0)16 2467 6716
Keld van Schreven
Simon Nicol simon@KR1.io
Peterhouse Capital Limited (AQSE Corporate Adviser)
Mark Anwyl +44 (0)20 7469 0930
Allie Feuerlein
Nominis Advisory Ltd (PR Adviser)
Angus Campbell pr@KR1.io
About KR1 plc
KR1 is a leading digital asset investment company supporting early-stage
decentralised and open source blockchain and DeFi projects. Founded in 2016 and
publicly traded in London on the Apex segment of the AQSE Growth Market (KR1:
AQSE), KR1 has built a notable reputation for generating significant returns by
investing in many key projects that are designed to power the decentralised
platforms and protocols that
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