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Cryptology's estimated NAV per share as of 29/12/2021 is €10.03 as Hauck & Aufhäuser updates Cryptology 'Buy' Rating to €13.00

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DGAP-News: Cryptology Asset Group PLC / Key word(s): Statement/Cryptocurrency / Blockchain
30.12.2021 / 13:13
The issuer is solely responsible for the content of this announcement.

Corporate News

Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 30.12.2021

Cryptology's estimated NAV per share as of 29/12/2021 is €10.03 as Hauck & Aufhäuser updates Cryptology "Buy" Rating to €13.00

Malta, 30.12.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European holding company for crypto assets and blockchain-related business models, announced its most recent weekly estimated Net Asset Value ("NAV") per share of €10.03.

Cryptology's updated estimated NAV figures come on the morning of Hauck & Aufhäuser issuing an updated report on Cryptology's shares with a "BUY" rating and a price target of €13.00. Shares opened this morning around €7.75, meaning Hauck & Aufhäuser is projecting well over a 50% price increase from current levels.

Cryptology CEO, Patrick Lowry, recently sat down with GBC AG to review Cryptology and crypto's 2021 and give an outlook for 2022. GBC maintained its price target to €18.35. The shares closed yesterday around €7.75, implying over a 50% discount to GBC's price target.

In the GBC interview, Patrick said "Crypto is just getting warmed up. I expect 2022 to be a massively exciting year for Cryptology, our portfolio companies and our shareholders. We will continue to deliver on our vision of being the gateway for investors seeking holistic exposure to the crypto ecosystem through our listed shares as well as continue to invest in and partner with the best and brightest entrepreneurs and investors in the crypto ecosystem."

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 holding 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 Holding.

Media Contact:

Cryptology Asset Group p.l.c.

Jefim Gewiet (COO)

66/67, Beatrice, Amery Street,

Sliema SLM 1707 Malta

E-mail: info@cryptology-ag.com


30.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Cryptology Asset Group PLC

Beatrice 66 & 67, Amery Street

SLM 1707 Sliema

Malta

E-mail:

info@cryptology-ag.com

Internet:

cryptology-ag.com

ISIN:

MT0001770107

WKN:

A2JDEW

Listed:

Regulated Unofficial Market in Dusseldorf

EQS News ID:

1263608


 

End of News

DGAP News Service

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