Valereum Blockchain - Application to Trading on OTCQB
RNS Number : 4853U
Valereum Blockchain PLC
06 April 2021
 

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 (“MAR)

 

 

VALEREUM BLOCKCHAIN PLC

 

("Valereum" or the "Company")

 

APPLICATION TO TRADING ON OTCQB

 

London, UK, 6 April 2021 - Valereum Blockchain Plc (AQSE: VLRM), the Cryptocurrency Finance, Defi and Blockchain Technology venture builder, is pleased to announce that it has appointed the corporate and securities law firm Galanopoulos & Company to act as the Company's US OTC Markets Sponsor. Galanopoulos will work to have the Company's ordinary shares cross-traded on the OTCQB Venture Market ("OTCQB") in the United States. This will be in addition to the existing listing on the AQUIS Stock Exchange in London.

 

Galanopoulos & Company have successfully worked with another London AQSE listed crypto and blockchain company to cross-trade on the OTCQB, and this move has proved highly successful in significantly increasing US investor awareness and share trading liquidity in that company.

 

The objective of applying to the OTCQB in New York, is to provide efficient access to U.S. investors, enhance liquidity and facilitate a fair valuation for the Company going forward. The Company is of the view that through trading on the OTCQB, Valereum can engage with a significant network of U.S. investors, data distributors and media partners, ensuring that U.S. investors have access to the same level of information and disclosure that is available to investors in the United Kingdom, but through U.S. facing platforms and portals used to conduct research.

 

On achieving OTCQB cross-trading, the Company's ordinary shares will continue to trade under the symbol "VLRM" on the AQSE Growth Market, operated by AQUIS Stock Exchange in London.

 

With its primary listing remaining on the AQSE Growth Market, the OTCQB Market cross trading facility will provide U.S. based investors with the ability to access Valereum's shares in U.S. dollars during U.S market hours.

 

Valereum Chairman Richard Poulden commented; "Valereum is one of just a few publicly listed companies in the blockchain sector in London. The United States is home to some of the world's most significant and influential blockchain investors and the largest crypto focussed funds. By joining the OTCQB, we will have an effective platform from which to reach a significantly larger investor audience and we look forward to providing investors in both the UK and the United States with regular progress updates at this exciting and pivotal time for the Company."

 

The Directors of Valereum Blockchain Plc take responsibility for this announcement.

 

The website address of the Company is  www.valereumblockchain.com.

 

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Enquiries:

 

Valereum Blockchain Plc

Richard Poulden, Chairman

Tel: +44 7551 863 830

 

AQSE Growth Market Corporate Adviser

Peterhouse Capital Limited

Guy Miller / Allie Feuerlein

Tel: +44 (0) 207 469 0930

 

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