DGAP-News: Cryptology Asset Group PLC
/ Key word(s): Statement/Cryptocurrency / Blockchain
Cryptology Asset Group p.l.c. ("Cryptology")
Cryptology's estimated NAV per share as of 28/07/2021 is €7.72
Cryptology's 20-1 share split became effective on Tuesday, July 27, 2021
Malta, 29.07.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European investment firm for crypto assets and blockchain-related business models, announced its most recent estimated Net Asset Value ("NAV") per share of €7.72.
Cryptology recently underwent a 20-1 share split which went into effect on July 27, 2021. Cryptology's authorized shares were increased to 64,000,000, of which 57,117,500 are issued. The shares will continue to trade under the same ticker and ISIN.
GBC AG, an independent capital markets research firm, issued an updated report on Cryptology after the share split with a "BUY" rating. Adjusting for the 20-1 stock split, GBC increased its price target to €18.35. The shares closed yesterday at €8.90, implying well over a 50% discount to GBC's price target.
Cryptology CEO, Patrick Lowry, said "Investing in leading blockchain companies, crypto assets and fund managers is merely one pillar of Cryptology's strategy to make crypto accessible to everyone. we have to make our shares accessible as well. We believe the share split helped us accomplish this. We will continue to explore international listings of Cryptology shares, as well, to increase liquidity and access new market places."
Cryptology shares currently trade on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is currently exploring an international listing.
About Cryptology Asset Group p.l.c.
Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR) is a leading European investment company for crypto assets and blockchain-related business models. Founded by Christian Angermayer's family office, Apeiron Investment Group, and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOSIO software publisher Block.one, leading HPC provider Northern Data, commission-free online neobroker nextmarkets, and crypto asset management group Iconic Funds.
Cryptology Asset Group p.l.c.
Jefim Gewiet (COO)
66/67, Beatrice, Amery Street,
Sliema SLM 1707 Malta
29.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cryptology Asset Group PLC|
|Beatrice 66 & 67, Amery Street|
|SLM 1707 Sliema|
|Listed:||Regulated Unofficial Market in Dusseldorf|
|EQS News ID:||1222672|
|End of News||DGAP News Service|