Valereum PLC Update on the acquisition of the GSX (9797K)
August 31 2023 - 6:22AM
UK Regulatory
TIDMVLRM
RNS Number : 9797K
Valereum PLC
31 August 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")
31(st) August 2023
Valereum Plc
("Valereum" or the "Company")
Update on the acquisition of the Gibraltar Stock Exchange
Valereum Plc, the Gibraltar technology group, is pleased to
announce that the acquisition of the Gibraltar Stock Exchange
("GSX") will proceed in September.
Valereum has secured committed funding from a United States
fund, for mid-September in the amount of GBP5-8m in two tranches.
The Gibraltar Financial Services Commission ("GFSC") has
accordingly extended the deadline for completion of the acquisition
to 28(th) September.
The GSX Group, current owners of the GSX, supports this
extension and has been immensely helpful during this process.
Richard Poulden, Valereum's Chairman, said: "My family have been
involved in Gibraltar for four generations and I saw in the GSX the
opportunity to create a financial powerhouse which will drive
Gibraltar's financial services industry. I am immensely grateful
for the support we have received from many people in Gibraltar as
we have strived to make this vision a reality".
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
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END
NEXEAEPFDAEDEFA
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August 31, 2023 06:22 ET (10:22 GMT)
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