Business
Reverse Takeover & Suspension of Trading
Reverse Takeover & Suspension of Trading.
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 \n\n31st August 2023\nValereum Plc\n(\"Valereum\" or the \"Company\")\nReverse Takeover & Suspension of Trading\nValereum Plc, the Gibraltar technology group, refers to the announcement released earlier today relating to the acquisition of the Gibraltar Stock Exchange (\"GSX\") which, if fully approved and completed, would constitute a reverse takeover for the purposes of the AQSE Access Rulebook.\nAccordingly, trading in the Company's shares has been suspended by the Aquis Exchange. This will continue until such time as the Company is able to publish an admission document in relation to the acquisition or confirms that the acquisition is no longer in contemplation.\nThe admission document will be drawn from existing business plans and budgets for both Valereum and the GSX and we will start work on this now so that it can be ready for a re-admission as soon as possible. This is likely to be early October.\nThe Directors of the Company accept responsibility for the contents of this announcement.\n \nEND\n \nEnquiries:\n \nValereum Plc\nRichard Poulden, Chairman\nTel: +971 4584 6284\n \nAQSE Corporate Adviser\nFirst Sentinel Corporate Finance\nBrian Stockbridge\nTel: +44 (0) 7876 888 011\n \nInvestor Relations\nJ&H Communications Limited\nGeorge Hudson\nTel: +44 (0)7803 603130\[email protected]\n \nFor more information, please visit the Company's website at valereum.gi\n\n","length":3973,"tagName":"div"}]