27 February 2024
This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public
domain.
Vinanz
Limited
("Vinanz"
or "the Company")
Vinanz
Announces Application for US DTC Eligibility
DTC approval will allow real
time electronic clearing and settlement in US.
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, is pleased to
announce that it has applied to have its ordinary shares eligible
for electronic clearing and settlement in the United
States through the Depository Trust Company ("DTC"). DTC
eligibility is expected to simplify the process of trading and
enhance liquidity of Vinanz shares in the United States.
The Company's shares recently began trading on the OTCQB under the
symbol "VINZF".
The DTC is a subsidiary of the
Depository Trust & Clearing Corporation ("DTCC"), a US company
that manages the electronic clearing and settlement of publicly
traded companies. Securities that are eligible to be electronically
cleared and settled through DTC are considered to be "DTC
eligible". This electronic method of clearing securities speeds up
the receipt of stock and cash, and thus accelerates the settlement
process for investors and brokers, enabling the stock to be traded
over a much wider selection of brokerage firms by coming into
compliance with their requirements.
David Lenigas, Chairman of
Vinanz, commented:
"Having recently begun
trading on the OTCQB Market, I am pleased to announce
that Vinanz has now applied to have its
shares traded in the US to be DTC eligible. Being DTC eligible in
the US will make the trading of our shares on the OTCQB much
easier, faster, and cheaper for a wider array of investors not only
in the US but also for overseas trading platforms that trade shares
on the OTC Market.
We are hopeful to have DTC
eligibility approval shortly. Being DTC eligible should
dramatically enhance the tradability and trading volume of our
shares in the US."
The directors of Vinanz Limited
accept responsibility for this announcement.
For further information please
contact:
Vinanz Limited
David
Lenigas
david@vinanz.co.uk
Jeremy
Edelman
jeremy@vinanz.co.uk
First Sentinel (Corporate Adviser and
Broker)
Brian
Stockbridge
brian@first-sentinel.com
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob
Roberts
bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
About Vinanz
Vinanz 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.
