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KR1 PLC on Tuesday announced its intention to migrate its listing to the London Stock Exchange’s Main Market. The digital asset investment company, which is focused on proof-of-stake blockchain networks, is currently listed on the Aquis Stock Exchange. Shares in KR1 were flat at 31.50 pence each early on Tuesday afternoon. If the move is completed, KR1 shares will be admitted to the Equity Shares (Commercial Companies) category of the Financial Conduct Authority’s Official List and to trading on the Main Market of the LSE. This is subject to the relevant prospectus’ approval by the FCA. KR1 also intends to seek investors’ approval of the migration at a convened shareholder meeting. It also proposes a placing programme to issue new ordinary shares. This will, in due course, ‘expand the company’s existing staking operations in line with its business strategy,’ KR1 said. The company believes that moving to the Main Market ‘will provide greater visibility, increase access to institutional investors to broaden its investor base, and support the company’s long-term strategy to deliver sustainable shareholder value while aligning the Company with the highest standards of corporate governance and transparency.’ This, KR1 said, will ultimately result in the natural progression of its development ‘and its business model, financial strength, and its available growth opportunities’. It said the news marks the culmination of a multi-year process throughout which it has ‘strengthened and matured its business through the appointment of further Non-Executive Directors, the appointment of PKF Littlejohn LLP as the Company’s auditor, [and] the introduction of transparent monthly reporting.’ KR1 said it has also ‘expanded the team, enhanced corporate governance and actively engaged in public policy discussions around the asset class.’ Managing Directors & Co-Founders George McDonaugh and Keld van Schreven commented: ‘This marks a significant milestone in KR1 PLC’s journey and strengthens the company’s well-established position in London. ‘As decentralised networks are starting to form a growing role in parts of the global financial system, KR1 PLC bridges London’s capital markets with the expanding and maturing digital asset economy.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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