Valereum PLC on Friday - Gibraltar-based AQSE-listed firm, which links mainstream currency products denominated in US dollars and pound sterling into cryptocurrencies - Says the Gibraltar Stock Exchange is in the process of surrendering its licence. Says as a result, it continues to work with the Gibraltar Financial Services Commission regarding the acquisition of the GSX and the requirements around the issue of a new licence. Back in October 2021, Valereum said it aimed to buy GSX for an undisclosed figure.

Chair James Formolli says: "I would like to thank shareholders for their patience. Valereum still holds a fixed charge over shares totalling 50% of the GSX and will continue discussions with all relevant parties to find a way forward. The GSX Group is still keen for Valereum to conclude the acquisition."

Current stock price: 3.75 pence, flat

12-month change: down 67%

By Sabrina Penty, Alliance News reporter

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