Valereum PLC - VLRM advances Gibraltar Stock Exchange acquisition
RNS Number : 9828L
Valereum PLC
19 May 2022
 

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")

 

19th May 2022

Valereum Plc

("Valereum" or the "Company")

 

Valereum advances Gibraltar Stock Exchange acquisition

Valereum Plc (AQSE:VLRM), the Gibraltar technology group, is continuing to work through the regulatory processes to complete the acquisition of its 90% stake in the Gibraltar Stock Exchange ("GSX").

Currently Valereum holds a fixed charge over shares totalling 50% of the GSX and is working closely with GSX management to plan the transition. Our lawyers, Hassans, are working with the Gibraltar Financial Services Commission to complete the regulatory aspects.

Richard Poulden, Chairman of Valereum commented: "I am looking forward to this project being fully launched and the GSX becoming a true global player and a key component of the Gibraltar financial community. I particularly welcome the review of the financial services community by Minister Albert Isola as it clearly demonstrates Gibraltar's commitment to this key sector."

The Directors of the Company accept responsibility for the contents of this announcement.

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Enquiries:                                                                                            

 

Valereum Plc

Richard Poulden, Chairman

Tel: +971 4584 6284

 

AQSE Corporate Adviser

Peterhouse Capital Limited

Mark Anwyl

Tel: +44 (0) 207 469 0930

 

Investor Relations

J&H Communications Limited

James Henderson

Tel: +44 (0)7774 444163

james@j-hcommunications.com

 

George Hudson

Tel: +44 (0)7803 603130

george@j-hcommunications.com

 

For more information, please visit the Company's website at www.valereum.gi

 

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