REG - Vinanz Limited - Appointment of Chief Executive Officer and EBT

VinanzAnnouncement

22/05/2025 07:00

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RNS Number : 6769J  Vinanz Limited  22 May 2025

22 May 2025

Vinanz Limited

 ("Vinanz" or "the Company")

 

(BTC:LN in London and VINZF:US)

Appointment of Chief Executive Officer and EBT

London, New York, 22 May 2025, Vinanz Limited; the London Stock Exchange Main
Market listed Bitcoin company with North American Bitcoin operations, is
pleased to announce the appointment of Hewie Rattray as Chief Executive
Officer, effective immediately. This is an important senior management role
within the Company but is a non-director role.

 

Hewie Rattray brings with him a strong entrepreneurial track record in the
digital assets sector, with significant experience launching and scaling
projects across the blockchain and cryptocurrency space. As an early innovator
in the decentralised finance ecosystem, Hewie has built and advised successful
ventures focused on tokenised assets, AI-driven crypto engagement, and
strategic market positioning within Web3 communities.

 

The Board sees Hewie's appointment as a timely and strategic step in the
Company's evolution. His leadership will focus on scaling Vinanz's Bitcoin
mining operations while simultaneously growing the Company's strategic Bitcoin
holdings in line with its long-term treasury reserve strategy.

Hewie Rattray, Chief Executive Officer of Vinanz, commented

"Bitcoin represents more than just a digital asset - it is a monetary
revolution. My vision for Vinanz is to build a company that not only mines
Bitcoin efficiently but also holds it intelligently. By aligning our
operational activity with long-term Bitcoin accumulation, we aim to provide
shareholders with differentiated exposure to the digital asset economy through
a listed company rooted in London but scaling across North America."

David Lenigas, Chairman of Vinanz, commented

"We are excited to welcome Hewie into the CEO role at this pivotal stage of
the Company's development. His insight into the Bitcoin space, entrepreneurial
energy, and strategic clarity will help steer Vinanz as we seek to unlock
further growth and capitalise on opportunities ahead."

In addition, the Company announces that, as set out in the Company's published
prospectus dated 24 December 2024 ("Prospectus") for the listing of its shares
on the London Stock Exchange Main Board, it established the Vinanz Limited
Employee Benefit Trust ("EBT") to implement the use of an incentive plan to
ensure it can provide adequate equity incentive packages for its expanding
management team.

 

The Company intends to issue and allot 50,740,204 ordinary shares in the
Company to the EBT ("EBT Shares") at nominal value, as advised in the
Prospectus. These ordinary shares shall be held in the EBT on trust pending
transfer upon the vesting (or exercise, as the case may be) of awards granted,
and for such other purposes relating to the ongoing recruitment, retention and
incentivisation of employees as may be recommended by the Company from time to
time (subject to the approval of the Remuneration Committee and the trustees
of the EBT). Further to disclosures in the Company's Prospectus, the
beneficiaries of any future distribution of EBT Shares to employees and
directors will be notified upon determination.

 

Application will be made to the London Stock Exchange ("LSE") for admission of
the EBT Shares to trading on the LSE ("Admission"). It is expected that
Admission will become effective and dealings in the EBT Shares will commence
on the LSE at 8.00 a.m. on or around 28 May 2025.

The EBT Shares will be issued fully paid and will rank pari passu in all
respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the
Company will be 304,441,226 with voting rights. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company's issued share capital pursuant to the
Company's Articles.

The directors of Vinanz Limited accept responsibility for this announcement.

For further information please contact:

Vinanz Limited
David Lenigas - Chairman - david@vinanz.co.uk

Hewie Rattray - CEO - hewie@vinanz.co.uk

Jeremy Edelman - jeremy@vinanz.co.uk

First Sentinel (Corporate Adviser)
Brian Stockbridge - brian@first-sentinel.com

+44 (0) 20 3855 5551

Clear Capital Markets (Broker)
Bob Roberts - bobroberts@clear-cm.co.uk

+44 (0) 20 3869 6080

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 aided by
building out its own Bitcoin mining operations in North America by installing
its miners within third-party unrelated computer hosting facilities in an
ever-expanding network throughout the USA and Canada. Currently, Vinanz
operates Bitcoin miners 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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