Vinanz Limited - ADMISSION TO TRADING AND FIRST DAY OF DEALINGS
Announcement provided by
Vinanz Limited · BTC21/04/2023 07:00
21 April 2023
Vinanz Limited
("Vinanz" or the "Company")
ADMISSION TO TRADING AND FIRST DAY OF DEALINGS
Vinanz (AQSE: BTC) is pleased to announce that admission of its ordinary shares of no par value ("Ordinary Shares") to trading on the Access segment of the Aquis Stock Exchange ("AQSE") will take place and dealings will commence at 8.00 a.m., 21 April 2023 ("Admission"), under the ticker BTC and ISIN number VGG9520B1004.
The commencement of trading of the Company's Ordinary Shares follows a successful subscription and placing by Vinanz for a total of 25,166,667 Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of
In addition, as announced by Valereum PLC ("Valereum") on 18 August 2022, Valereum and Vinanz have entered into an asset purchase agreement pursuant to which the Company agreed to acquire certain Bitcoin mining machines and Bitcoins from Valereum. Completion of the acquisition was subject to and conditional upon the satisfaction of certain conditions, including Admission. Following the Company's Admission, 20 Bitcoin mining machines and 5.01153011 Bitcoins are effectively transferred to the Company in consideration for the issue of 27,325,171 new Ordinary Shares to Valereum, representing a holding of 23.46% of the Company. The Ordinary Shares issued to Valereum are subject to a 12-month lock-in period. David Lenigas, the Executive Chairman of the Company, currently holds an 8.63% shareholding in Valereum.
On Admission, the Company will have 116,491,839 Ordinary Shares in issue and the market capitalisation of the Company will be approximately
About Vinanz
Vinanz aims to build out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and
The Company's admission document is available to view on its website www.vinanz.co.uk
The directors of Vinanz Limited accept responsibility for this announcement.
For further information please contact:
Vinanz Limited
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Jeremy Edelman |
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First Sentinel (Corporate Adviser & Broker)
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Brian Stockbridge
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+44 (0) 20 3989 2222 |
Clear Capital Markets (Broker)
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Bob Roberts |
+44 (0) 20 3869 6080 |
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