LONDON: Vinanz Limited, a London-listed Bitcoin mining firm, has announced its shares are now DTC eligible in the U.S., simplifying access for investors. The DTC eligibility allows for efficient electronic clearing of the company’s shares, traded under the ticker “VINZF.” This move is expected to increase market activity and investor engagement.
Furthermore, Vinanz has established an Employee Benefit Trust (EBT) to facilitate an incentive plan detailed in their recent Admission Document. The EBT will receive an allotment of 26,377,951 ordinary shares, representing 16.67% of the company’s issued share capital. These shares will be held in trust for employee and director awards.
The company’s Executive Chairman, David Lenigas, expressed enthusiasm about the DTC eligibility, aligning it with strategic meetings in New York and the upcoming Blockchain & Digital Asset Virtual Investor Conference.
Applications for the EBT shares’ admission to the Aquis Stock Exchange are underway, with trading expected to commence around April 18, 2024. Post-admission, Vinanz’s total issued share capital will be 158,267,707 ordinary shares with voting rights.
Vinanz Limited to diversify into alternative cryptocurrencies