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DJ KR1 plc Portfolio Update: Vo1t

 
TIDMKR1 
 
22 May 2020 
 
                                    KR1 plc 
 
                           ("KR1" or the "Company") 
 
                            Portfolio Update: Vo1t 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, announces that 
Genesis Trading, a subsidiary of Digital Currency Group, has recently acquired 
Vo1t Ltd ("Vo1t"). The Vo1t board of directors and a majority of Vo1t's 
shareholders approved the deal terms, under which KR1 will receive a total 
consideration of USD 243,712 for all shares held by KR1 in the Vo1t entity. 
This consideration will be paid in cash immediately following the closing of 
the deal, which is expected to take place today. 
 
Vo1t is a London-based digital asset custodian that was seed funded by KR1 and 
which served as KR1's main digital asset custody solution from the early stages 
of the Company. KR1 will evaluate Genesis Trading's and Vo1t's combined 
offering after their integrations are completed, but the Company will also 
explore alternatives in the digital asset custody sector. 
 
George McDonaugh, Managing Director & Co-Founder of KR1 commented: 
 
"We've been on the journey alongside Vo1t since day one and are pleased for the 
team that their hard work and dedication has been recognised. It's good to see 
equity deals go full circle to an exit in the crypto space. KR1's focus remains 
on more liquid digital assets, where we are seeing great opportunities in 
current market conditions, both in newly forming projects as well as in the 
digital asset secondary markets." 
 
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 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 22, 2020 02:01 ET (06:01 GMT)