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")

23 February 2022

Valereum Plc

("Valereum" or the "Company")

Issue of Shares

Valereum, the Gibraltar technology group, is pleased to announce that it will be issuing a total of 499,796 new ordinary shares of 0.1 pence each (the "Ordinary Shares") at a price of 36.82 pence per share which totals to £184,015 (US$250,000) following the conversion notice received by the Company under the terms of the funding facility announced on 31^st January 2022.

Application will be made for the listing of the new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or about 1 March 2022 and the issue is subject only to Admission.

Following the issuance of shares, the Company's total issued and voting share capital upon Admission will consist of 74,098,249 Ordinary Shares. 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, securities of the Company.

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

END

Enquiries: 

Valereum Plc

Richard Poulden, Chairman

Tel: +971 4584 6284

AQSE Corporate Adviser

Peterhouse Capital Limited

Mark Anwyl

Tel: +44 (0) 207 469 0930

Investor Relations

J&H Communications Limited

James Henderson

Tel: +44 (0)7774 444163

[email protected]

George Hudson

Tel: +44 (0)7803 603130

[email protected]

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