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DJ KR1 plc Portfolio Update: Rocket Pool

 
TIDMKR1 
 
19 May 2020 
 
                                    KR1 plc 
 
                           ("KR1" or the "Company") 
 
                         Portfolio Update: Rocket Pool 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has sold 210,657 RPL tokens in the Rocket Pool 
("RPL") project at an average price of USD $1.67 per RPL token, generating 
proceeds of USD $352,620. These RPL tokens were acquired at an average price of 
USD $0.21 per RPL token during the Rocket Pool token presale in 2017. 
 
Rocket Pool is a next-generation Proof-of-Stake (PoS) infrastructure service, 
designed to be highly decentralised, distributed and compatible with staking in 
Ethereum 2.0, offering any user, business, exchange or fund the ability to earn 
a yield on their Ethereum ("ETH") holdings without worrying about maintaining 
an extensively technical staking infrastructure. 
 
KR1 continues to hold the majority of its Rocket Pool position and intends to 
use the Rocket Pool offering for part of the Company's own Ethereum 2.0 ("ETH") 
staking activities, with the aim of generating further yield revenue for the 
Company. 
 
George McDonaugh, Managing Director & Co-Founder of KR1 commented: 
 
"Building ground-breaking technology for Ethereum's Proof-of-Stake future has 
been and continues to be a vast task, requiring hard work, flexibility and 
dedication. When David and the Rocket Pool team started out, Ethereum 2.0 was 
only at the very beginning of its research phase, so we're proud to have 
supported them so early on in their journey." 
 
"With KR1 being the only institutional participant in the initial Rocket Pool 
token sale, we received an offer earlier last year for our entire Rocket Pool 
position from a well-known and popular crypto fund, but decided against a sale 
as we continue to be extremely excited about Rocket Pool's roadmap and the role 
of the RPL token in Ethereum's staking future. In light of recent market 
conditions, however, the Company decided it was appropriate to realise some 
profit from its RPL tokens while continuing to hold a healthy position in 
anticipation of the roll out of Ethereum 2.0." 
 
"We are delighted with how our investment in Rocket Pool has performed so far 
and are pleased to once again demonstrate how KR1 is continually looking to 
pick the best projects that we believe will maximise returns for shareholders." 
 
For further information please contact: 
 
KR1 PLC 
 
George McDonaugh                                       +44 (0)16 2467 6716 
 
Simon Nicol                                                    simon@KR1.io 
 
Peterhouse Capital Limited                         (AQSE Corporate Adviser) 
 
Mark Anwyl                                                    +44 (0)20 7469 
0930 
 
Allie Feuerlein 
 
Nominis Advisory Ltd                                     (PR Adviser) 
 
Angus Campbell                                                 pr@KR1.io 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early-stage 
decentralised and open-source blockchain projects. Founded in 2016 and publicly 
traded in London (KR1:AQSE), KR1 has built a notable reputation for generating 
significant returns by investing in many key projects that are designed to 
power the decentralised platforms and protocols that are emerging to form new 
internet infrastructures. 
 
www.KR1.io 
 
Market Abuse Regulation (MAR) Disclosure 
 
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. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 19, 2020 08:50 ET (12:50 GMT)