10th Oct 2025 13:01
Valereum PLC- Manchester, England-based digital asset infrastructure firm - Reaches agreement to raise GBP600,000 through subscriptions. Includes GBP225,000 from Executive Chair James Bannon and GBP225,000 from Chief Executive Gary Cottle. Also comprises GBP150,000 from an unconnected party through the issue of 12.0 million shares at 5.0 pence. Expects the subscription to complete on or before November 15. Notes Bannon and Cottle, in connection with the subscription, will receive 2.5 million warrants with an exercise price of 50 pence per share, and 2.5 million with an exercise price of GBP1.0. Adds that the subscription price represents a 33% premium to the closing mid-market price of 3.75 pence on Thursday. Proceeds are earmarked for the scale-up of VLRM Markets, says the company.
"Our decision to commit further personal capital at a large premium demonstrates our strong conviction in Valereum's future. We continue to deliver on our strategic priorities, driving sustainable growth, strengthening our financial position, and building long-term value for all stakeholders," says CEO Cottle.
Current share price: 5.0 pence, up 33% on Friday afternoon on London's Aquis Exchange.
12-month change: down 39%
By Christopher Ward, Alliance News reporter
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