Skip to content

Valereum PLC - Update on GSX Acquisition

Announcement provided by

Valereum Plc · VLRM

21/07/2023 10:56

Valereum PLC - Update on GSX Acquisition
RNS Number : 8208G
Valereum PLC
21 July 2023

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")


Logo Description automatically generated

21 July 2023

Valereum Plc

("Valereum" or the "Company")


Update on Gibraltar Stock Exchange ("GSX") Acquisition


Valereum Plc, the Gibraltar technology group, is pleased to provide an update on the acquisition of the GSX.

We have agreed a revised timetable with the GSX and the Gibraltar Financial Services Commission ("GFSC") which provides an extended closing date of the 31st August 2023. The primary purpose of this is to ensure sufficient handover time to organise the closing process with the GSX and also to comply fully with GFSC requirements.

The payment for the second tranche of the GSX providing 100% ownership has been agreed at £750,000.

We have been pursuing financing in both UK and North America. We have a funding commitment from a fund in North America conditional only on the closing of their new fund. This is anticipated in the next few weeks.

Richard Poulden, Valereum's Chairman, said: "We remain committed to the creation of a Stock Exchange which can transform the financial services industry in Gibraltar. We look forward to the final stages to make this a reality".

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






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


For more information, please visit the Company's website at

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

View more ...

VLRM announcementsAll announcements


  • About
  • News
  • Investor Relations
  • Contact
  • Careers
ISO 27001 Certified

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal