10 April 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
Receives US DTC Eligibility and Establishment of EBT
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.
The 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.
In 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").
David Lenigas, Vinanz's Executive Chairman,
said:
"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."
"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 April 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."
The 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.
Application 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.
The EBT Shares will be issued fully
paid and will rank pari
passu in all respects with the
Company's existing Ordinary Shares.
Following 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.
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.
The Company's admission document is
available to view on its website www.vinanz.co.uk
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
