{"id":113690,"title":"Vinanz Limited (London AQSE: BTC & US OTCQB: VINZF) DTC Eligibility Approval and Establishment of EBT","publisher":"Share Talk","author":"sharetalk","published":"2024-04-10T07:12:54+00:00","modified":"2024-04-10T07:12:54+00:00","canonical_url":"https://www.share-talk.com/vinanz-limited-london-aqse-btc-us-otcqb-vinzf-dtc-eligibility-approval-and-establishment-of-ebt/","markdown_url":"https://www.share-talk.com/vinanz-limited-london-aqse-btc-us-otcqb-vinzf-dtc-eligibility-approval-and-establishment-of-ebt.md","json_url":"https://www.share-talk.com/vinanz-limited-london-aqse-btc-us-otcqb-vinzf-dtc-eligibility-approval-and-establishment-of-ebt.json","category":"Fintech","categories":["Fintech"],"tags":["Aquis markets","AQUIS Stock Exchange","Bitcoin Miners","Bitmain Antminer","BTC","cryptocurrency","David Lenigas","Jeremy Edelman","London","machines","New York","North America","OTC Markets","OTCQB","S21 200TH/s","USA","Vinanz","Vinanz Limited","VINZF"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/04/VNS.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Vinanz Receives US DTC Eligibility and Establishment of EBT**\n\n**Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF),** the London listed Bitcoin mining company focusing on decentralised deployment of Bitcoin mining clusters in multiple data facilities throughout the US and Canada, announces that the Company has now received The Depository Trust Company (the “DTC”) full-service eligibility in the United States, making the Company’s shares more accessible to U.S. retail and institutional investors.\n\nThe DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, **trading under the symbol “VINZF” in the United States**, are now eligible to be electronically cleared and settled through the DTC and are therefore considered “DTC eligible”. This electronic method of clearing securities offers a more efficient, lower-cost settlement process for investors and brokers.\n\nIn addition, the Company announces that it has now established the Vinanz Limited Employee Benefit Trust (“EBT”) to implement the use of an incentive plan as set out in the Company’s admission document dated 20 April 2023 (“Admission Document”).\n\n**David Lenigas, Vinanz’s Executive Chairman, said:**\n\n“Securing DTC Eligibility is very exciting news for the Company and completes our goal of enabling U.S. investors to easily trade in Vinanz’s shares under our OTCQB listing on-line, in real-time and in US dollars with the ticker symbol “VINZF”. Real-time electronic clearing and settlement streamlines investor access in an important market for Vinanz. DTC Eligibility should also see a lot more market making in our shares over the coming weeks to months.“\n\n“To tie in with the **expected Bitcoin halving around the 19 April** and coinciding with our DTC eligibility for US trading,** Vinanz senior management will be attending New York the week commencing 22 Apri**l to conduct a number of meetings with OTC Markets, brokers and institutional investors and will also be participating in OTC Market’s April 25th Blockchain & Digital Asset Virtual Investor Conference.”\n\nThe Company intends to issue and allot 26,377,951 ordinary shares in the Company to the EBT (“EBT Shares”) at nominal value, as advised in the Admission Document, which is equivalent to 16.67% of the current issued ordinary share capital of the Company. These ordinary shares shall be held in the EBT on trust pending transfer upon the vesting (or exercise, as the case may be) of awards granted, and for such other purposes relating to the ongoing recruitment, retention and incentivisation of employees as may be recommended by the Company from time to time (subject to the approval of the Remuneration Committee). Further to disclosures in the Company’s Admission Document, the beneficiaries of any future distribution of EBT Shares to employees and directors will be notified upon determination.\n\nApplication will be made to the Aquis Stock Exchange for admission of the EBT Shares to trading on Aquis (“Admission”). It is expected that Admission will become effective and dealings in the EBT Shares will commence on Aquis at 8.00 a.m. on or around 18 April 2024.\n\nThe EBT Shares will be issued fully paid and will rank pari passu in all respects with the Company’s existing Ordinary Shares.\n\nFollowing Admission, the total number of Ordinary Shares in the capital of the Company will be 158,267,707 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company’s issued share capital pursuant to the Company’s Articles.\n\n**About Vinanz**\n\nVinanz is listed on the London Aquis markets and is building out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi and Big Data space in the future. The Company intends to be able to provide a listed UK platform to offer entry to the technology and cryptocurrency business.\n\nThe Company’s admission document is available to view on its website [www.vinanz.co.uk](http://www.vinanz.co.uk/)\n\nThe directors of Vinanz Limited accept responsibility for this announcement.\n\nFor further information please contact:\n\nVinanz Limited\n\nDavid Lenigas                                      [david@vinanz.co.uk](mailto:david@vinanz.co.uk)\n\nJeremy Edelman                                  [jeremy@vinanz.co.uk](mailto:jeremy@vinanz.co.uk)"}