Valereum PLC Reverse Takeover & Suspension of Trading (9992K)
August 31 2023 - 2:05PM
UK Regulatory
TIDMVLRM
RNS Number : 9992K
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")
Reverse Takeover & Suspension of Trading
Valereum Plc, the Gibraltar technology group, refers to the
announcement released earlier today relating to the acquisition of
the Gibraltar Stock Exchange ("GSX") which, if fully approved and
completed, would constitute a reverse takeover for the purposes of
the AQSE Access Rulebook.
Accordingly, trading in the Company's shares has been suspended
by the Aquis Exchange. This will continue until such time as the
Company is able to publish an admission document in relation to the
acquisition or confirms that the acquisition is no longer in
contemplation.
The admission document will be drawn from existing business
plans and budgets for both Valereum and the GSX and we will start
work on this now so that it can be ready for a re-admission as soon
as possible. This is likely to be early October.
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
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(END) Dow Jones Newswires
August 31, 2023 09:22 ET (13:22 GMT)
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