Last checked at 31 Aug 2023 14:22
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")
31st August 2023
Valereum Plc
("Valereum" or the "Company")
Reverse Takeover & Suspension of Trading
Valereum Plc, the Gibraltar technology group, refers to the announcement released earlier today relating to the acquisition of the Gibraltar Stock Exchange ("GSX") which, if fully approved and completed, would constitute a reverse takeover for the purposes of the AQSE Access Rulebook.
Accordingly, trading in the Company's shares has been suspended by the Aquis Exchange. This will continue until such time as the Company is able to publish an admission document in relation to the acquisition or confirms that the acquisition is no longer in contemplation.
The admission document will be drawn from existing business plans and budgets for both Valereum and the GSX and we will start work on this now so that it can be ready for a re-admission as soon as possible. This is likely to be early October.
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
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