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Share Name Share Symbol Market Type Share ISIN Share Description
KR1 Plc NEX:KR1 NEX Ordinary Share IM00BYYPQX37
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +6.67% 8.00p 6.50p 8.00p 8.00p 7.50p 7.50p 340,000 10:12:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

KR1 plc Portfolio Update: OMG and NEX

25/04/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMKR1 
 
25 April 2019 
 
                                    KR1 Plc 
 
                           ("KR1" or the "Company") 
 
                         Portfolio Update: OMG and NEX 
 
KR1 plc (NEX:KR1), a leading digital asset investment company, is pleased to 
announce that the Company has sold its remaining holdings in the OmiseGo 
("OMG") project. Overall, OMG has been one of the Company's most successful 
investments to date and has enabled KR1 to further support a number of other 
projects. The Company has disposed of its remaining OMG tokens at an average 
price of US$2.054 per token for a total of US$205,851, having initially 
purchased each at a price of US$0.2738. 
 
The Company has also disposed of 25,000 tokens of its holding in the Nash 
Exchange ("NEX") project. These tokens were bought for US$1.00 per NEX token 
and have been sold at an average price of US$2.033 each. The Company retains 
25,000 NEX tokens and is expecting a successful exchange launch for the project 
towards the end of the year. 
 
In line with its strategy to support early stage projects, KR1 will repurpose 
the funds gained by investing in new projects. 
 
George McDonaugh, Chief Executive Officer of KR1 commented: "As ever, the 
blockchain space continues to grow at an extraordinary rate and we remain at 
the forefront of identifying and investing in transformational blockchain 
technologies, many of which are starting to move into production. Even 
throughout the recent year long, bear market, innovation has continued at a 
pace. Our investment in both these projects have been successful for us, 
generating significant returns and will allow us to capitalise on the current 
positive shift in market sentiment. In line with KR1's strategy to stay nimble 
and back the very best projects in the space, we aim to time our exits when the 
time is right in order to achieve considerable returns on our investments." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                            +44 (0)16 2467 6716 
Stephen Corran                              stephen@KR1.io 
 
Peterhouse Capital Limited (NEX Corporate 
Adviser)                                    +44 (0)20 7469 0934 
Fungai Ndoro 
Mark Anwyl 
 
Nominis Advisory Ltd (PR Adviser) 
Angus Campbell                              pr@KR1.io 
 
ENDS 
 
Notes to Media 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain projects. Founded in 2016 and publicly 
listed in London (NEX:KR1), KR1 has built a notable reputation for generating 
significant returns by investing in key projects that will power the 
decentralised platforms and protocols that form the emerging Web3 
infrastructure. 
 
www.KR1.io 
 
 
 
END 
 

(END) Dow Jones Newswires

April 25, 2019 02:00 ET (06:00 GMT)

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