KR1 plc Result of AGM and Statement
November 01 2022 - 7:22AM
UK Regulatory
TIDMKR1
1 November 2022
KR1 PLC
("KR1" or the "Company")
Result of AGM and Statement
KR1 plc (KR1:AQSE), a leading digital asset investment company, announces that
at the Annual General Meeting ("AGM") of the Company, held earlier today, all
resolutions were duly passed.
George McDonaugh and Keld van Schreven, Managing Directors of KR1 plc,
commented:
"Since the announcement of KR1's interim results on 30 September 2022, market
conditions have remained as expected with the digital asset market still being
in a prolonged downturn. Major factors contributing to the downward pressure
include the volatile global macroeconomic environment, regulatory uncertainty
as well as the deleveraging of various businesses in the crypto industry.
However, we firmly believe that the investment case for digital assets remains
strong, buoyed by increasing institutional buy-in and continued innovation
utilising blockchain technology.
In the current period, the Company has been active in the Ethereum, Polkadot
and Cosmos blockchain communities, attending key conferences including
Ethereum's Devcon as well as Polkadot's Decoded, among others. With that, we
continue to explore seed and early-stage investment opportunities, as
valuations for early-stage funding rounds normalise in line with the
progression of the 'bear market', and have been introduced to a wave of
innovative new projects, which are yet to hit the market.
While overall portfolio asset prices remain depressed, revenue from staking
activities, a core part of the Company's strategy, has been consistent
throughout the period, providing a reliable source of income to the Company
while protecting underlying assets from being diluted."
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
KR1 PLC +44 (0)1624 630 630
George McDonaugh
Keld van Schreven
Peterhouse Capital Limited (AQSE Corporate +44 (0)20 7469 0930
Adviser)
Mark Anwyl
FTI Consulting LLP (PR Adviser) +44 (0)7711 387 085
Laura Ewart KR1@fticonsulting.com
Gina Magnin
About KR1 plc
KR1 plc is a leading digital asset investment company supporting early-stage
decentralised and open source blockchain projects. Founded in 2016 and publicly
traded in London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the
longest and most successful track records of investment in the digital assets
space by investing in decentralised platforms and protocols that are emerging
to form new financial and internet infrastructures.
www.KR1.io
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