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Vinanz Applies to Trade on the LSE & PDMR Dealings
Vinanz Applies to Trade on the LSE & PDMR Dealings.
About this update from London Btc Company Limited
[{"type":"text","content":"\n\n4 December 2024\n \n \nVinanz Limited\n \nVinanz Applies to Trade on the LSE\nPDMR dealings\n \nLondon, New York, December 4, 2024, Vinanz Limited (US OTCQB: VINZF and AQSE: BTC in London) (\"Vinanz\" or \"the Company\"), the publicly listed Bitcoin mining company with US and Canadian Bitcoin mining operations, announces its intention to apply for the Company's ordinary shares to be admitted to the Official List (by way of a listing on the Transition Category) of the Financial Conduct Authority (\"FCA\") and to trading on the main market (\"Main Market\") for listed securities of the London Stock Exchange (together \"Admission\"). \n \nAdmission is subject to (i) the approval by the FCA of a prospectus and admission of the ordinary shares to the Official List; (ii) admission by the London Stock Exchange of the ordinary shares to the Main Market. The Company will make a further announcement on the status of the proposed applications for Admission, together with the timeline for Admission, in due course.\n \nIn anticipation of Admission, the Company has conducted a review of its capital structure with a view to eliminate all unlisted options and warrants in its capital structure by replacing these with ordinary shares. Following the review, the Company has agreed with option and warrant holders to surrender all existing options, warrants in consideration for the issue of new ordinary shares in the capital of the Company to those option and warrant holders. This action will result in the Company's share capital structure comprising wholly of ordinary shares only on issue.\n \nIn addition, the shares in the Employees Benefit Trust (\"EBT\") have also been fully distributed.\n \nAs per reporting requirements, the Company advises that Mr David Lenigas (Executive Chairman) now holds 55,668,976 Ordinary Shares and Mr Jeremy Edelman (Finance Director) has 55,188,976 Ordinary Shares and hold 22.88% and 22.68% of the Company's issued share capital respectively, the details of which are set out in the PDMR notifications below. Additionally First Sentinel Corporate Finance Limited holds 10,000,000 Ordinary Shares representing 4.11% of the Company's issued share capital and Clear Capital Markets Limited holds 31,409,257 Ordinary Shares representing 12.91% of the Company's issued share capital.\...