Board Appointments, Update on EGM and AGM

Valereum PLC

10 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")

10/01/2024

Valereum Plc

("Valereum" or the "Company")

Board Appointments, Update on EGM/ Shareholder update and AGM

Valereum Plc, the Gibraltar technology group is pleased to announce that the EGM to ratify approval of the acquisition of GSX Group will take place on Tuesday 30^th  January 2024. 

Valereum Plc would also like to inform all shareholders that the AGM will be deferred until a full audit is concluded, but is pleased to announce a shareholder meeting will take place on Wednesday 31^st January 2024 to update investors as follows:

1.    Meet the new board 

2.    A brief financial update (full financials to be shared at the AGM later in the year)

3.    Share the opportunity and business plan: presentation of the board's medium term plan (1-3 year cycle) which will detail the updated strategy and vision for the group, including:

a.    The VLRM Markets roadmap;

b.    The VLRM Technology roadmap including the launch of the "Bridge"

c.     Other milestones

d.    Governance and compliance

e.    Marketing and branding (The Great Reset)

f.     ESOP 

4.    Outline Capital raising plans

5.    AOB

6.    Q&A

We will announce the time and venue of the shareholder meeting shortly on our website.

Valereum is also pleased to announce the following board appointments.

Nick Cowan has officially joined the Board as Chief Executive Officer. Formerly serving as GSX Group CEO and founder of the Gibraltar Stock Exchange and GSX Group. With 35+ years' experience Nick was the former global head of equities and global head of equity trading at ING Barings.

Simon Brickles has officially joined as a Non-Executive Director to the company. Simon, the current group Chairman of the GSX Group, brings over 30+ years' experience in capital markets. Simon served as the former head of AIM/London Stock Exchange and other markets.

Gary Cottle has officially joined the board as a Non-Executive Director. Gary has had a 30 year career in the financial services industry, most recently as Senior Managing Director and Head of Global Markets EMEA and has managed a number of exchange and platform investments.

The following information is provided for the purpose of Rule 4.9 of the AQSE Growth Market Access Rulebook.

Nicholas Cowan

Current directorships and/or partnerships:	Former directorships and/or partnerships (within the last five years):
CSX Limited (Gibraltar) RioStox (Seychelles) Limited USX Holdings Company, Inc. XNet Holdings Limited Rio Technologies Pte Ltd RioStox (CEZ) Limited NexStox Inc. (formerly GSX Labuan Limited) Genisys Digital Limited GATENet Limited Blocktech Holdings Limited North Port Limited (formerly GBX Limited) GSX Services Limited (Gibraltar) GSX Group Limited (Gibraltar) N J Cowan Limited	GSX International Limited (Gibraltar) Hashstacs Inc Hashstacs Pte Ltd GSX Grid OU Gibtech Pte Ltd Juno Holdings Limited GSX Holdings Limited YC Investments Limited Helm Capital Limited

Nicholas was a director of Cowan and Cowan Limited, a property development business which was subject to a Creditors Voluntary Liquidation ("CVL") in February 2011. Following the completion of the CVL, the company was dissolved in April 2012, and all creditors received their payments in full.

Simon Brickles 

Current directorships and/or partnerships:	Former directorships and/or partnerships (within the last five years):
GSX Limited (Gibraltar) GSX Group Limited (Gibraltar) Norfolk Community Foundation  Genissys Digital Pro Limited  Gatenet Technology Limited  Market Regulation Limited	Capital Access Group Limited Scout IR Limited GXG Markets A/S (Denmark)

Simon was a non-executive director of Bellzone Mining PLC, an AIM listed mining company which went into administration in December 2018 as the company was not able to raise sufficient capital to continue operations.

Gary Cottle

Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):

Kingsrock construction Ltd W360 LTD Aerum Limited Investsure Holdings Ltd Investsure Property Platform Ltd Airrated Ltd Project Beckham Limited Metrikus Limited Savoy Plaza Ltd Kingsrock Joinery products Ltd Turner Schools Caxton House Developments Limited Jags Investments Limited Jags Holdings Limited Smart Building Boot Camp Limited Caxton House Freeholders Ltd Urban Re Property Services Ltd Urban Re Ltd Jags Estates Limited AGC Property Limited

Air Quants Limited Kingsrock Ltd

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.   

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] 

 

END