The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR")
27/09/2024
Valereum Plc
("Valereum" or the
"Company")
Launch of VLRM Capital
Management
Valereum Plc (AQSE: VLRM) is pleased
to announce the launch of VLRM Capital Management Limited
("VCM").
VCM was incorporated in Gibraltar on
the 4th of July 2024 as a 100% subsidiary of Valereum Plc (Company
number: 124577) and will act as director of VLRM Capital Management
VSA Private Fund Limited ("the Fund"). The Fund was
incorporated in Gibraltar on the 4th of July 2024 (Company number:
124576). The Gibraltar Financial Services Commission has approved
the registration of the Fund as an Alternative Investment Fund
("AIF").
The Fund's investment objective is
to maximise returns on capital using Volume Spread Analysis ("VSA")
technical trading strategies with the aim of providing sustainable
returns and growing the Fund's assets under management. The Fund
trading strategy will be to only trade highly liquid assets, taking
both long and short positions, with the aim of minimising risk and
generating returns under all market conditions.
Valereum Chairman, James Formolli,
has invested initial seed capital of £1,000,000, subscribing for
participation shares at the value of $1,000 per share, from his own
funds, into the Fund.
The Fund is established as an
open-ended private scheme which is subject to a number of
restrictions including a limit on the number of its investors it
can accept. As the Fund grows, VLRM will consider converting it
into a fund structure that is able to accept a larger number of
investors.
Rule 4.6 Statement - Related Party
Transactions
In relation to James Formolli's
participation in the Fund, the Directors (other than James
Formolli) confirm that, having exercised reasonable care, skill and
diligence, the related party transaction is fair and reasonable as
far as the shareholders of the issuer are concerned.
Valereum CEO Nick Cowan added:
"I
am excited to see the launch of the fund as part of VLRM's strategy
outlined in February to our shareholders. I am deeply grateful to
have the fund seeded by our cornerstone investor, the VLRM
Chairman, and we look forward to growing the fund's assets under
management and being a significant contributor to VLRM's financial
and strategic objectives."
We will continue to update the
markets with further developments.
For further information, please
contact as follows:
Enquiries:
Valereum Plc
James Formolli,
Chairman
Tel: +44
4938767319
Stanford Capital
Partners
Tel: 023 3650 3650
Bob Pountney
Patrick Claridge
First Sentinel Corporate Finance
AQSE Corporate Adviser
Brian Stockbridge
Tel: +44 20 3855 5551
The Directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit
the Company's website at www.vlrm.com
