Valereum PLC Market Update on Mattereum (6531Z)
January 15 2024 - 2:00AM
UK Regulatory
TIDMVLRM
RNS Number : 6531Z
Valereum PLC
15 January 2024
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")
15/01/2024
Valereum Plc
("Valereum" or the "Company")
Market Update on Mattereum
Valereum Plc, the Gibraltar technology group, is pleased to
announce that following their recent acquisition of the GSX Group,
they have resumed engagement with Vinay Gupta, Founder and CEO of
Mattereum.
Valereum and Mattereum are planning to explore a number of
opportunities and synergies between the two companies, with the aim
of revolutionising technology markets. At the same time Velereum
will be focussing on innovative solutions and collectively looking
to position itself as key players at the forefront of industry
advancements.
In order to formalise the start of these changes, Vinay Gupta
has stepped away from his previous external advisory role with
Valereum. Valereum have appointed their own Chief Technical
Officer, Daryl McFarlane who will work closely with Mattereum to
explore how to strategically optimise the use of their innovative
Mattereum Asset Passport technology.
Nick Cowan concluded the following:
"Valereum Plc is positioning itself as a leader in tokenisation,
both as a technology solutions provider and as an operator of
marketplaces. We have the greatest respect for the work that Vinay
and Mattereum have accomplished over the past few years and look
forward to exploring ways to better collaborate in the future,
particularly with respect to fractional ownership backed by legal
certainty."
We would also like to inform shareholders that, to ensure the
full availability of the Directors, the shareholder meeting will
now be held in a virtual capacity on 22 February 2024. Full virtual
access details will be provided closer to the date, along with the
opportunity to submit any questions.
The Directors of the Company accept responsibility for the
contents of this announcement.
For more information, please visit the Company's website at
Valereum.gi
Enquiries:
Valereum Plc
James Formolli, Chairman
Tel: +971 4584 6284
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 20 3855 5551
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END
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