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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Valereum Plc | AQSE:VLRM | Aquis Stock Exchange | Ordinary Share | GI000A2P2W41 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 4.65% | 5.625 | 5.50 | 6.50 | 6.00 | 5.61 | 5.625 | 200,980 | 15:29:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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
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(END) Dow Jones Newswires
August 31, 2023 06:22 ET (10:22 GMT)
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