Valereum Plc (AQSE:VLRM), the Gibraltar technology group, is continuing to work through the regulatory processes to complete the acquisition of its 90% stake in the Gibraltar Stock Exchange (“GSX”).
Currently Valereum holds a fixed charge over shares totalling 50% of the GSX and is working closely with GSX management to plan the transition. Our lawyers, Hassans, are working with the Gibraltar Financial Services Commission to complete the regulatory aspects.
Richard Poulden, Chairman of Valereum commented: “I am looking forward to this project being fully launched and the GSX becoming a true global player and a key component of the Gibraltar financial community. I particularly welcome the review of the financial services community by Minister Albert Isola as it clearly demonstrates Gibraltar’s commitment to this key sector.”
The Directors of the Company accept responsibility for the contents of this announcement.
Richard Poulden, Chairman
Tel: +971 4584 6284