VLRM Valereum Plc

TIDMVLRM

RNS Number : 1660Z

Valereum PLC

10 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")

10/01/2024

Valereum Plc

("Valereum" or the "Company")

Board Appointments, Update on EGM/ Shareholder update and AGM

Valereum Plc, the Gibraltar technology group is pleased to announce that the EGM to ratify approval of the acquisition of GSX Group will take place on Tuesday 30(th) January 2024.

Valereum Plc would also like to inform all shareholders that the AGM will be deferred until a full audit is concluded, but is pleased to announce a shareholder meeting will take place on Wednesday 31(st) January 2024 to update investors as follows:

   1.    Meet the new board 
   2.    A brief financial update (full financials to be shared at the AGM later in the year) 

3. Share the opportunity and business plan: presentation of the board's medium term plan (1-3 year cycle) which will detail the updated strategy and vision for the group, including:

   a.    The VLRM Markets roadmap; 
   b.    The VLRM Technology roadmap including the launch of the "Bridge" 
   c.     Other milestones 
   d.    Governance and compliance 
   e.    Marketing and branding (The Great Reset) 
   f.     ESOP 
   4.    Outline Capital raising plans 
   5.    AOB 
   6.    Q&A 

We will announce the time and venue of the shareholder meeting shortly on our website .

Valereum is also pleased to announce the following board appointments.

Nick Cowan has officially joined the Board as Chief Executive Officer. Formerly serving as GSX Group CEO and f ounder of the Gibraltar Stock Exchange and GSX Group. With 35+ years' experience Nick was the former global head of equities and global head of equity trading at ING Barings.

Simon Brickles has officially joined as a Non-Executive Director to the company. Simon, the current group Chairman of the GSX Group, brings over 30+ years' experience in capital markets. Simon served as the former head of AIM/London Stock Exchange and other markets.

Gary Cottle has officially joined the board as a Non-Executive Director. Gary has had a 30 year career in the financial services industry, most recently as Senior Managing Director and Head of Global Markets EMEA and has managed a number of exchange and platform investments.

The following information is provided for the purpose of Rule 4.9 of the AQSE Growth Market Access Rulebook.

Nicholas Cowan

 
Current directorships and/or       Former directorships and/or partnerships 
 partnerships:                      (within the last five years): 
CSX Limited (Gibraltar)            GSX International Limited (Gibraltar) 
 RioStox (Seychelles ) Limited      Hashstacs Inc 
 USX Holdings Company, Inc.         Hashstacs Pte Ltd 
 XNet Holdings Limited              GSX Grid OU 
 Rio Technologies Pte Ltd           Gibtech Pte Ltd 
 RioStox (CEZ) Limited              Juno Holdings Limited 
 NexStox Inc. (formerly GSX         GSX Holdings Limited 
 Labuan Limited)                    YC Investments Limited 
 Genisys Digital Limited            Helm Capital Limited 
 GATENet Limited 
 Blocktech Holdings Limited 
 North Port Limited (formerly 
 GBX Limited) 
 GSX Services Limited (Gibraltar) 
 GSX Group Limited (Gibraltar) 
 N J Cowan Limited 
                                   ---------------------------------------- 
 

Nicholas was a director of Cowan and Cowan Limited, a property development business which was subject to a Creditors Voluntary Liquidation ("CVL") in February 2011. Following the completion of the CVL, the company was dissolved in April 2012, and all creditors received their payments in full.

Simon Brickles

 
Current directorships and/or    Former directorships and/or partnerships 
 partnerships:                   (within the last five years): 
GSX Limited (Gibraltar)         Capital Access Group Limited 
 GSX Group Limited (Gibraltar)   Scout IR Limited 
 Norfolk Community Foundation    GXG Markets A/S (Denmark) 
 Genissys Digital Pro Limited 
 Gatenet Technology Limited 
 Market Regulation Limited 
                                ---------------------------------------- 
 

Simon was a non-executive director of Bellzone Mining PLC, an AIM listed mining company which went into administration in December 2018 as the company was not able to raise sufficient capital to continue operations.

Gary Cottle

 
Current directorships and/or        Former directorships and/or partnerships 
 partnerships:                       (within the last five years): 
Kingsrock construction Ltd          Air Quants Limited 
 W360 LTD                            Kingsrock Ltd 
 Aerum Limited 
 Investsure Holdings Ltd 
 Investsure Property Platform 
 Ltd 
 Airrated Ltd 
 Project Beckham Limited 
 Metrikus Limited 
 Savoy Plaza Ltd 
 Kingsrock Joinery products 
 Ltd 
 Turner Schools 
 Caxton House Developments Limited 
 Jags Investments Limited 
 Jags Holdings Limited 
 Smart Building Boot Camp Limited 
 Caxton House Freeholders Ltd 
 Urban Re Property Services 
 Ltd 
 Urban Re Ltd 
 Jags Estates Limited 
 AGC Property Limited 
                                    ---------------------------------------- 
 

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

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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