Market Update on Mattereum

Valereum PLC

15 January 2024

 

The 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")

15/01/2024

Valereum Plc

("Valereum" or the "Company")

Market Update on Mattereum

Valereum Plc, the Gibraltar technology group, is pleased to announce that following their recent acquisition of the GSX Group, they have resumed engagement with Vinay Gupta, Founder and CEO of Mattereum. 

Valereum and Mattereum are planning to explore a number of opportunities and synergies between the two companies, with the aim of revolutionising technology markets. At the same time Velereum will be focussing on innovative solutions and collectively looking to position itself as key players at the forefront of industry advancements.

In order to formalise the start of these changes, Vinay Gupta has stepped away from his previous external advisory role with Valereum. Valereum have appointed their own Chief Technical Officer, Daryl McFarlane who will work closely with Mattereum to explore how to strategically optimise the use of their innovative Mattereum Asset Passport technology.

Nick Cowan concluded the following: 

"Valereum Plc is positioning itself as a leader in tokenisation, both as a technology solutions provider and as an operator of marketplaces. We have the greatest respect for the work that Vinay and Mattereum have accomplished over the past few years and look forward to exploring ways to better collaborate in the future, particularly with respect to fractional ownership backed by legal certainty."

We would also like to inform shareholders that, to ensure the full availability of the Directors, the shareholder meeting will now be held in a virtual capacity on 22 February 2024. Full virtual access details will be provided closer to the date, along with the  opportunity to submit any questions. 

The Directors of the Company accept responsibility for the contents of this announcement.

For more information, please visit the Company's website at Valereum.gi

Enquiries:

Valereum Plc

James Formolli, Chairman 

Tel: [phone]

AQSE Corporate Adviser

First Sentinel Corporate Finance 

Brian Stockbridge 

Tel: [phone]

 

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