Monday, January 17, 2022

Valereum Signs an Agreement to Acquire Juno Group

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Valereum Blockchain right now introduced that it has signed an settlement to purchase Juno Group of Companies (Juno). The firm goals to broaden its international presence by way of the current acquisition.

Valereum Blockchain can pay £850,000 for the acquisition. Approximately £500,000 will likely be paid in money. The reaming quantity (£350,000) will likely be paid in Valereum shares on the prevailing share worth on the one-year anniversary of completion.

Once the deal is accomplished, Alan Gravett, a director of Valereum, will grow to be the Chairman of Juno. The completion of the acquisition is topic to the approval of the Gibraltar Financial Services Commission.

Richard Poulden, Chairman of Valereum, mentioned: “This acquisition is an important part of building the Valereum Bridge to provide a fully regulated link between the fiat and crypto worlds and complements the Company’s efforts with respect to the Gibraltar Stock Exchange. The planned shortening of our name in January 2022 to Valereum Plc reflects the continued broadening of Valereum’s activities and the global vision of its management.”

Valereum outlined that on the upcoming Extraordinary General Meeting of shareholders on 20 January 2022, a decision will likely be proposed to change the identify of the corporate from Valereum Blockchain Plc to Valereum Plc. According to the corporate’s administrators, the brand new identify will symbolize its expanded enterprise actions.

Alan Gravett

In the announcement, Valereum talked about that Alan Gravett, who will grow to be the Chairman of Juno upon the deal’s completion, has a robust historical past of firm administration in Gibraltar.

Russell Johnston, majority shareholder and outgoing Chair of Juno, commented: “The excellence of Juno’s staff and the global reach of its fund and fiduciary client base made it a compelling fit for Valereum’s growth plans. In agreeing to this acquisition, Juno has ensured that its clients and employees alike will benefit from being part of a large, growing, and ambitious financial services group.”

Valereum Blockchain right now introduced that it has signed an settlement to purchase Juno Group of Companies (Juno). The firm goals to broaden its international presence by way of the current acquisition.

Valereum Blockchain can pay £850,000 for the acquisition. Approximately £500,000 will likely be paid in money. The reaming quantity (£350,000) will likely be paid in Valereum shares on the prevailing share worth on the one-year anniversary of completion.

Once the deal is accomplished, Alan Gravett, a director of Valereum, will grow to be the Chairman of Juno. The completion of the acquisition is topic to the approval of the Gibraltar Financial Services Commission.

Richard Poulden, Chairman of Valereum, mentioned: “This acquisition is an important part of building the Valereum Bridge to provide a fully regulated link between the fiat and crypto worlds and complements the Company’s efforts with respect to the Gibraltar Stock Exchange. The planned shortening of our name in January 2022 to Valereum Plc reflects the continued broadening of Valereum’s activities and the global vision of its management.”

Valereum outlined that on the upcoming Extraordinary General Meeting of shareholders on 20 January 2022, a decision will likely be proposed to change the identify of the corporate from Valereum Blockchain Plc to Valereum Plc. According to the corporate’s administrators, the brand new identify will symbolize its expanded enterprise actions.

Alan Gravett

In the announcement, Valereum talked about that Alan Gravett, who will grow to be the Chairman of Juno upon the deal’s completion, has a robust historical past of firm administration in Gibraltar.

Russell Johnston, majority shareholder and outgoing Chair of Juno, commented: “The excellence of Juno’s staff and the global reach of its fund and fiduciary client base made it a compelling fit for Valereum’s growth plans. In agreeing to this acquisition, Juno has ensured that its clients and employees alike will benefit from being part of a large, growing, and ambitious financial services group.”



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