AQRU plc - Acquisition of Bison Exchange UAB
RNS Number : 3759A
AQRU plc
02 February 2022
 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Press Release

 

02 February 2022

 

AQRU PLC

 

("AQRU" or "the Company")

 

Acquisition of Bison Exchange UAB

 

AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance ("DeFi"), announces that it has acquired Bison Exchange UAB ("Bison"), a blockchain technology company registered in Lithuania, for a cash consideration of €30,000.

 

Following the acquisition, Bison Exchange UAB changed its name to Accru Finance UAB as part of a broader streamlining process that included the Company changing its name from Dispersion Holdings plc to AQRU plc earlier this year and launching the new website.

 

Kameliya Krasimirova Gankova has been appointed a Director of Accru Finance UAB and will oversee the Company's activities in Lithuania.

 

Accru Finance UAB is registered as a Virtual Asset Service Provider (VASP) with the Financial Crime Investigation Services and supervised by the Central Bank of Lithuania. The company is fully entitled to provide virtual currency exchange and wallet custody operations.

 

The Directors of AQRU believe that the acquisition will enable the Company to offer its consumer-facing DeFi platform and associated products in Lithuania, a hub of operations for businesses in the DeFi and cryptocurrency space, in a regulatory compliant manner. The acquisition will also bolster the Company's regulatory footing in the European Economic Area (EEA).

 

Philip Blows, Chief Executive Officer, said:

 

"We are thrilled to welcome Bison Exchange UAB to the AQRU fold. Through this acquisition, we are strengthening our presence in Lithuania by ensuring we are able to offer all our products to both institutional and individual investors in a way that is compliant with all applicable regulatory requirements. We are committed to continue identifying and taking advantage of opportunities that strengthen our regulatory footing in Europe."    

 

The Directors of AQRU plc take responsibility for this announcement.

 

 

For further information, please contact:

 

AQRU

 

Philip Blows

Chief Executive

Neil Thapar

Investor Relations

via Tancredi +44 207 887 7633

 

+44 7876 455 323

 

Tennyson Securities

 

Corporate Broker

Peter Krens

 

+44 207 186 9030

Novum Securities

 

AQSE Corporate Adviser

David Coffman / Lucy Bowden

Broker

Colin Rowbury / Jon Belliss

+44 207 399 9400

Tancredi Intelligent Communication

Media Relations

 

Gabriela Amaya Garcia

Edward Daly

Charlie Hobbs

dispersion@tancredigroup.com

+44 7915 035 294

+44 7861 430 057

+44 7897 557 112

 

About AQRU PLC:

 

AQRU is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.aqru.io.

 

 

 

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