Valereum Blockchain Announces Proposed Acquisition of Juno Group, Shortens Its Name

Valereum Blockchain Plc, a Gibraltar-based blockchain technology group, announced recently that it has signed an agreement to acquire the entire issued share capital of the Juno Group of Companies (Juno), with consideration of £850,000.

Specifically, £500,000 to be paid in cash on completion and £350,000 payable in Valereum Blockchain shares at the prevailing share price on the one-year anniversary of completion. The transfer and change of control and management are subject only to the approval of the Gibraltar Financial Services Commission.

Juno is a long-established Gibraltar based group whose three areas of licensed operation cover the formation and management of trusts and similar entities, the administration of funds covering a broad range of activities, including both fiat and crypto currencies, and the formation and management of companies in Gibraltar and other jurisdictions worldwide.

On completion, Alan Gravett, a director of Valereum Blockchain, will assume the role of Juno Chairman. Alan has a distinguished history of trust and company management in Gibraltar from his days at Barclays where he helped develop Barclays Trust’s operations in Gibraltar.

In addition, Valereum Blockchain announces that an Extraordinary General Meeting of shareholders (EGM) will be held on 20th January 2022 at 10:00am (CET). At the EGM, a resolution will be proposed to change the Company’s name from Valereum Blockchain Plc to Valereum Plc. Its Directors believe that the new name better reflects the breadth of the company’s business activities rather than the previous narrow focus.

“This acquisition is an important part of building the Valereum Bridge to provide a fully regulated link between the fiat and crypto worlds and complements the Company’s efforts with respect to the Gibraltar Stock Exchange. The planned shortening of our name in January 2022 to Valereum Plc reflects the continued broadening of Valereum Blockchain’s activities and the global vision of its management,” Richard Poulden, Chairman of Valereum Blockchain, stated.

Last October, Valereum Blockchain has signed an option to acquire 80% of the Gibraltar Stock Exchange​ (GSX).