Vinanz (AQSE:BTC)
Historical Stock Chart

From Apr 2023 to Apr 2024

TIDMBTC

RNS Number : 9619W

Vinanz Limited

21 April 2023

21 April 2023

Vinanz Limited

("Vinanz" or the "Company")

ADMISSION TO TRADING AND FIRST DAY OF DEALINGS

Vinanz (AQSE: BTC) is pleased to announce that admission of its ordinary shares of no par value ("Ordinary Shares") to trading on the Access segment of the Aquis Stock Exchange ("AQSE") will take place and dealings will commence at 8.00 a.m., 21 April 2023 ("Admission"), under the ticker BTC and ISIN number VGG9520B1004.

The commencement of trading of the Company's Ordinary Shares follows a successful subscription and placing by Vinanz for a total of 25,166,667 Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of GBP755,000 (before expenses).

In addition, as announced by Valereum PLC ("Valereum") on 18 August 2022, Valereum and Vinanz have entered into an asset purchase agreement pursuant to which the Company agreed to acquire certain Bitcoin mining machines and Bitcoins from Valereum. Completion of the acquisition was subject to and conditional upon the satisfaction of certain conditions, including Admission. Following the Company's Admission, 20 Bitcoin mining machines and 5.01153011 Bitcoins are effectively transferred to the Company in consideration for the issue of 27,325,171 new Ordinary Shares to Valereum , representing a holding of 23.46% of the Company. The Ordinary Shares issued to Valereum are subject to a 12-month lock-in period. David Lenigas, the Executive Chairman of the Company, currently holds an 8.63% shareholding in Valereum.

On Admission, the Company will have 116,491,839 Ordinary Shares in issue and the market capitalisation of the Company will be approximately GBP3,494,755.

About Vinanz

Vinanz aims to build out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi and Big Data space in the future. The Company intends to be able to provide a listed UK platform to offer entry to the technology and cryptocurrency business.

The Company's admission document is available to view on its website www.vinanz.co.uk

The directors of Vinanz Limited accept responsibility for this announcement.

For further information please contact:

 
 Vinanz Limited 
----------------------------------------------- 
 Jeremy Edelman        jeremy@vinanz.co.uk 
--------------------  ------------------------- 
 First Sentinel (Corporate Adviser & Broker) 
----------------------------------------------- 
 Brian Stockbridge     brian@first-sentinel.com 
 
                        +44 (0) 20 3989 2222 
--------------------  ------------------------- 
 Clear Capital Markets (Broker) 
----------------------------------------------- 
 Bob Roberts           +44 (0) 20 3869 6080 
--------------------  ------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

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.

END

NEXIMMATMTJTBBJ

(END) Dow Jones Newswires

April 21, 2023 02:00 ET (06:00 GMT)