KR1 plc Result of AGM and Statement

 
TIDMKR1 
 
1 November 2022 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                          Result of AGM and Statement 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, announces that 
at the Annual General Meeting ("AGM") of the Company, held earlier today, all 
resolutions were duly passed. 
 
George McDonaugh and Keld van Schreven, Managing Directors of KR1 plc, 
commented: 
 
"Since the announcement of KR1's interim results on 30 September 2022, market 
conditions have remained as expected with the digital asset market still being 
in a prolonged downturn. Major factors contributing to the downward pressure 
include the volatile global macroeconomic environment, regulatory uncertainty 
as well as the deleveraging of various businesses in the crypto industry. 
However, we firmly believe that the investment case for digital assets remains 
strong, buoyed by increasing institutional buy-in and continued innovation 
utilising blockchain technology. 
 
In the current period, the Company has been active in the Ethereum, Polkadot 
and Cosmos blockchain communities, attending key conferences including 
Ethereum's Devcon as well as Polkadot's Decoded, among others. With that, we 
continue to explore seed and early-stage investment opportunities, as 
valuations for early-stage funding rounds normalise in line with the 
progression of the 'bear market', and have been introduced to a wave of 
innovative new projects, which are yet to hit the market. 
 
While overall portfolio asset prices remain depressed, revenue from staking 
activities, a core part of the Company's strategy, has been consistent 
throughout the period, providing a reliable source of income to the Company 
while protecting underlying assets from being diluted." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC                                                 [phone] 
George McDonaugh 
Keld van Schreven 
 
Peterhouse Capital Limited (AQSE Corporate              [phone] 
Adviser) 
Mark Anwyl 
 
FTI Consulting LLP (PR Adviser)                         [phone] 
Laura Ewart                                           [e-mail] 
Gina Magnin 
 
About KR1 plc 
 
KR1 plc is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain projects. Founded in 2016 and publicly 
traded in London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the 
longest and most successful track records of investment in the digital assets 
space by investing in decentralised platforms and protocols that are emerging 
to form new financial and internet infrastructures. 
 
www.KR1.io 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 01, 2022 07:22 ET (11:22 GMT)