Business
Removal of CLN’s Update
Removal of CLN’s Update.
About this update from Valereum Plc
[{"type":"text","content":"\n\nThe 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\")\n \n28/11/2023\n\nValereum Plc\n\n(\"Valereum\" or the \"Company\")\n \nRemoval of CLN's Update\n \nValereum Plc (AQUIS: VLRM), the Gibraltar technology group, is pleased to announce that the existing Convertible Loan Note under the previous terms of the funding facility announced on 31st January 2022 will be terminated with immediate effect. An agreement has been reached by both parties which will result in no more conversion notes being actioned.\n \nJames Formolli stated:\n \n\"This is fantastic news for the company and all its shareholders. Removing the current funding facility is the right thing to do; helping support our strategic ambitions for sustainable growth and shareholder value ahead of any further communications\".\n \nThe directors of the Company accept responsibility for the contents of this announcement.\n \nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.\n \nFor more information, please visit the Company's website at Valereum.gi\n \nEnquiries: \n \nValereum Plc \nJames Formolli, Chairman \nTel: +971 4584 6284 \n \nAQSE Corporate Adviser \nFirst Sentinel Corporate Finance \nBrian Stockbridge \nTel: +44 20 3855 5551 \n \n \n \n \n \n \n\n","length":3931,"tagName":"div"}]