REG - Vinanz Limited - ADMISSION TO TRADING AND FIRST DAY OF DEALINGS

TP IcapAnnouncement

21/04/2023 08:15

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RNS Number : 9619W  Vinanz Limited  21 April 2023

21 April 2023

Vinanz Limited

("Vinanz" or the "Company")

ADMISSION TO TRADING AND FIRST DAY OF DEALINGS

 

Vinanz (AQSE: BTC) is pleased to announce that admission of its ordinary
shares of no par value ("Ordinary Shares") to trading on the Access segment of
the Aquis Stock Exchange ("AQSE") will take place and dealings will commence
at 8.00 a.m., 21 April 2023 ("Admission"), under the ticker BTC and ISIN
number VGG9520B1004.

The commencement of trading of the Company's Ordinary Shares follows a
successful subscription and placing by Vinanz for a total of 25,166,667
Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of £755,000
(before expenses).

In addition, as announced by Valereum PLC ("Valereum") on 18 August 2022,
Valereum and Vinanz have entered into an asset purchase agreement pursuant to
which the Company agreed to acquire certain Bitcoin mining machines and
Bitcoins from Valereum. Completion of the acquisition was subject to and
conditional upon the satisfaction of certain conditions, including Admission.
Following the Company's Admission, 20 Bitcoin mining machines and 5.01153011
Bitcoins are effectively transferred to the Company in consideration for the
issue of 27,325,171 new Ordinary Shares to Valereum, representing a holding of
23.46% of the Company. The Ordinary Shares issued to Valereum are subject to a
12-month lock-in period. David Lenigas, the Executive Chairman of the Company,
currently holds an 8.63% shareholding in Valereum.

 

On Admission, the Company will have 116,491,839 Ordinary Shares in issue and
the market capitalisation of the Company will be approximately £3,494,755.

 

About Vinanz

 

Vinanz aims to build out a fully-fledged Bitcoin mining company initially
focusing on installing clusters of Bitcoin miners within multiple facilities
throughout the US and Canada through third-party cryptocurrency mining
providers. Whilst the Company will focus initially on BTC mining, it will also
consider the mining of other cryptocurrencies, and operations in the DeFi and
Big Data space in the future. The Company intends to be able to provide a
listed UK platform to offer entry to the technology and cryptocurrency
business.

The Company's admission document is available to view on its website
www.vinanz.co.uk (http://www.vinanz.co.uk)

The directors of Vinanz Limited accept responsibility for this announcement.

For further information please contact:

 

 Vinanz Limited

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

 First Sentinel (Corporate Adviser & Broker)

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

                    +44 (0) 20 3989 2222
 Clear Capital Markets (Broker)

 Bob Roberts        +44 (0) 20 3869 6080

 

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