REG - Valereum PLC - Board Appointments, Update on EGM and AGM

Argo InvestmentsAnnouncement

10/01/2024 08:15

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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 founder 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 partnerships:       Former directorships and/or 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 Labuan Limited)       GSX Holdings Limited

 Genisys Digital Limited                          YC Investments Limited

 GATENet Limited                                  Helm Capital 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 partnerships:       Former directorships and/or 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 partnerships:       Former directorships and/or 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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