Valereum PLC - Removal of CLN’s Update
Released
Released
Announcement PDF
RNS Number : 8350U
Valereum PLC
28 November 2023
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")
28/11/2023
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Valereum Plc
("Valereum" or the "Company")
Removal of CLN's Update
Valereum Plc (AQUIS: VLRM), the Gibraltar technology group, is pleased to announce that the existing Convertible
Loan Note under the previous terms of the funding facility announced on 31st January 2022 will be terminated
with immediate effect. An agreement has been reached by both parties which will result in no more conversion
notes being actioned.
James Formolli stated:
"This is fantastic news for the company and all its shareholders. Removing the current funding facility
is the right thing to do; helping support our strategic ambitions for sustainable growth and shareholder
value ahead of any further communications".
The directors of the Company accept responsibility for the contents of this announcement.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the
Directors of the Company are responsible for the release of this announcement.
For more information, please visit the Company's website at Valereum.gi
Enquiries:
Valereum Plc
James Formolli, Chairman
Tel: +971 4584 6284
AQSE Corporate Adviser
First Sentinel Corporate Finance
Brian Stockbridge
Tel: +44 20 3855 5551
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