REG - Vinanz Limited - Repayment of Debt Facility

London BTCAnnouncement

30/06/2025 07:00

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RNS Number : 8650O  Vinanz Limited  30 June 2025

30 June 2025

 

 

Vinanz Limited

("Vinanz" or "the Company")

(BTC:L and VINZF:US)

 

Repayment of Debt Facility

 

London, New York, June 30, 2025, Vinanz Limited, the London Stock Exchange
Main Market-listed Bitcoin treasury company with active mining operations
across the United States and Canada, announces that it has elected not to
increase its debt level from $2 million to $4 million under the investment
agreement dated 14 May 2025 (the "Investment Agreement") entered into between
the Company and a institutional investor. The Company has successfully
negotiated and signed a termination letter with the institutional investor
pursuant to which the parties have agreed that the Company will satisfy its
repayment obligations to the institutional investor by the transfer of
existing shares in the Company to the institutional investor and on completion
of the transfer of shares to the institutional investor, the Investment
Agreement will terminate and the Company's obligations will be discharged in
full.

 

The Company and the directors David Lenigas and Jeremy Edelman have entered
into a arms' length loan arrangement in respect of the transaction described
in this announcement. Pursuant to this arrangement David Lenigas and Jeremy
Edelman have agreed to satisfy the Company's obligations to the institutional
investor in order to terminate the Investment Agreement, in accordance with
the terms of the termination letter.

 

Directors David Lenigas and Jeremy Edelman have each contributed 5,388,909
Vinanz shares from their personal shareholdings in the Company in order to
satisfy the above transaction that results in satisfying the Company's full
debt obligations to the institutional investor. Settling the debt in this way
has helped retain the maximum  number of unissued shares available
("headroom") for further capital raises.

 

The Company has agreed to repay the shares advanced by David Lenigas and
Jeremy Edelman, in new shares, on demand by David Lenigas and Jeremy Edelman
(the "Loan Arrangement").  The Loan Arrangement could therefore constitute a
material related party transaction for the purpose of Rule 7.3 of the FCA's
Disclosure and Transparency Rules. The transaction has been approved by the
directors independent of the transaction, being Robert Scott and Mahesh
Pulandaran, David Lenigas and Jeremy Edelman recused themselves from the
board's consideration of this transaction and did not vote on the relevant
board resolution.

 

This transaction does not change the total number of shares in issue
("outstanding") in the Company.

 

Hewie Rattray, CEO of Vinanz, comments

 

"The repayment of this facility strengthens our capital position and provides
greater flexibility as we continue executing our Bitcoin accumulation
strategy. We view the debt markets as an important lever for growth and are
now well-positioned to pursue more structured, strategic financing aligned
with our long-term objectives."

 

The directors of the Company accept responsibility for this announcement.

 

For further information please contact:

 

Vinanz Limited

 

Hewie Rattray,
CEO                                          hewie@vinanz.co.uk
(mailto:hewie@vinanz.co.uk)         hewie@ldnbtc.com
(mailto:hewie@ldnbtc.com)

Rob Scott, Finance
Director
rob@vinanz.co.uk (mailto:rob@vinanz.co.uk)
            rob@ldnbtc.com (mailto:rob@ldnbtc.com)

David Lenigas, Chairman
                david@vinanz.co.uk (mailto:david@vinanz.co.uk)
        david@ldnbtc.com (mailto:david@ldnbtc.com)

Jeremy
Edelman
              jeremy@vinanz.co.uk (mailto:jeremy@vinanz.co.uk)
      jeremy@ldnbtc.com (mailto:jeremy@ldnbtc.com)

 

 

 

 

First Sentinel (Corporate Adviser)

Brian Stockbridge
         brian@first-sentinel.com (mailto:brian@first-sentinel.com)

 
                         +44 (0) 20 3855 5551

 

Clear Capital Markets (Broker)

Bob Roberts
              bobroberts@clear-cm.co.uk
(mailto:bobroberts@clear-cm.co.uk)

 
                          +44 (0) 20 3869 6080

 

Square1 Consulting (Financial PR)

David Bick
               david.bick@square1consulting.co.uk
(mailto:david.bick@square1consulting.co.uk)

                +44 (0) 20 7929 5599

                +44 (0) 7831 381201

About Vinanz Limited

 

Vinanz's primary listing is in London (United Kingdom) on the London Stock
Exchange under the ticker "BTC.L" and trades in the USA on the US OTCQB under
the ticker "VINZF". Vinanz is building up a strategic bitcoin holding through
acquiring Bitcoin as a treasury and currency management tool and by adding
bitcoin through its own Bitcoin mining operations in North America.  The
Company currently has miners installed in multiple third-party hosting
facilities in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador
(Canada).

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

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