London, United Kingdom - August 14, 2024 - Wealth Dragons Group PLC (“Wealth Dragons” or “the Company”) issues an update on the listing of Wealth Dragons Group PLC on Shareholder status
Following the voluntary delisting from the Vienna Stock Exchange. We would like to issue an update to all shareholders regarding the status of their shares. This is important information that is relevant to all holders of Wealth Dragons Group PLC.
Whilst Wealth Dragons Group PLC is no longer listed on the Vienna exchange as of 31st July 2024, all shares remain valid, secure and assigned to each shareholder. Your shares are recorded in one of three ways, either via paper certificates or digitally via CREST or Clearstream. These records and certificates are the confirmation of your ownership of the shares. Please keep them for your records.
The current unlisted situation means that these shares can no longer be traded on the open market, although you are able to use a broker to trade them with other parties via OTC trading if you so desire.
Wealth Dragons Group PLC will be relisted on an alternative exchange in the near future, at which point the company will be revalued and a new value placed upon your shares reflecting the value of the company and your stakeholding. We are working hard to ensure that this means an increase in the value of your shares and accurately reflects the position and prospects of the company.
The action we have taken is in the best interests of the company and its stakeholders. As litigation against former Director John Lee is ongoing this move protects value for our shareholders, with the potential for a new valuation upon relisting reflecting the real value and potential of the company.
We are thankful to all our shareholders for their patience at this time. The number of shares will be unaffected by this process and restructuring, your certificates and documents will remain valid, until such time as they are replaced with updated versions reflecting the new listing and exchange.
“Wealth Dragons restructuring and voluntary delisting is a significant step in the process of preparing the company for the next phase of our development. When we relist on the new exchange it gives an opportunity to revalue the business to better reflect the true value and potential of the business as a whole. Whilst big moves of this nature can cause uncertainty, we would like to reassure all shareholders that their shares remain valid, will be honoured and the new listing should present an increase in value for all. We thank all our investors and stakeholders for their patience through this process and will keep you updated every step of the way”
- Vincent Wong, CEO of Wealth Dragons Group PLC.
Company developments:
Consultz has completed technical and BETA user testing moving to Design and UX refinement before launch later this year: Read more here
About Wealth Dragons Group PLC
Founded in 2009 Wealth Dragons, spent ten years building their business with live events globally. In 2019 the company was listed on the Wiener Borse exchange in Vienna. The company has already invested £4 Million in the development and promotion of its digital platforms, expanding access and opportunity to self-education resources for everyone.
For media inquiries and more information please contact:
Vincent Wong
+44 (0)1908 032 432
For further investment information please contact: investors@wealthdragons.com
Risk Warning Disclaimer
The value of the securities and the income derived from them can fall as well as rise. Investors may not get back their initial investment. Past performance is not a reliable indicator of future performance and the amount realised may be less than the original investment made. Any estimates of future performance are based on assumptions that may not be realised. Any securities denominated in foreign currencies may see their value fall as a result of exchange rate movements. Market conditions may impact the liquidity and volatility of the securities and accordingly an investor may find it difficult to realise an investment.
