Brief: Vault Ventures Says Trading & Investment By Company In Crypto Assets Led To Significant Losses

BRIEF-Vault Ventures Says Trading & Investment By Company In Crypto Assets Led To Significant Losses

- Vault Ventures PLC VULT.ASE:

  • VAULT VENTURES PLC: BOARD IDENTIFIED THAT TRADING AND INVESTMENT BY VV IN CRYPTO ASSETS HAS LED TO SIGNIFICANT LOSSES

  • VAULT VENTURES PLC: BOARD RESOLVED TO WRITE DOWN LOAN ADVANCED DUBAI SUBSIDIARY, WHICH HAD A CARRYING VALUE OF APPROXIMATELY £2.15M

  • VAULT VENTURES PLC: DISCUSSIONS REMAIN ONGOING REGARDING RESIDUAL ASSETS HELD WITHIN STRUCTURE AND POTENTIAL FUTURE RECOVERIES REMAIN POSSIBLE

  • VAULT VENTURES - WRITE-DOWN DOES NOT AFFECT SHORT-TERM CASH OR GOING CONCERN

Source text: ID:nPRr52670a

Further company coverage: VULT.ASE


((Reuters.Briefs@thomsonreuters.com;))

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