LIQUID META ANNOUNCES RETURN OF CAPITAL

TORONTO, May 4, 2023 /CNW/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO: LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) is pleased to announce, further to its press releases dated March 9, 2023 and April 27, 2023, that the board of directors of the Company has set the record date and payment date of the return of capital as May 15, 2023 and May 29, 2023, respectively. The aggregate amount of the return of capital will be approximately US$10,767,449.20 resulting in US$0.20 per common share. The distribution to shareholders will be made in accordance with the "due bill" trading procedures mandated by the NEO Exchange ("NEO") for large dividends and distributions. The purpose is to result in traded shares carrying the value of the US$0.20 distribution until it is paid.

A due bill will notionally represent the US$0.20 distribution that a holder of a common share of the Company is entitled to receive. A due bill will attach to each share traded, from the trading day before the record date for the distribution until the date on which the distribution is paid. During this due bill trading period, the shares will trade on a "due bills basis". A seller of shares (who is prospectively entitled to the US$0.20 distribution) will also sell to the purchaser the entitlement to the distribution (which is represented by the due bill attached to each share sold).

Key dates are:

• The record date to determine shareholders entitled to receive the distribution will be May 15, 2023;
• Due bill trading will commence on May 12, 2023 (one trading day before the record date, so that trades settling after the record date have due bills attached);
• The payment date for the distribution will be May 29, 2023;
• The ex-dividend date will be May 30, 2023 (the trading day after the payment date, so that trades on and after that date will not have due bills attached); and
• The redemption date used by CDS will be May 31, 2023 (the trading day after the ex-dividend date).

All of the foregoing dates are subject to the approval of the NEO. Please see the press releases of the Company dated March 9, 2023 and April 27, 2023 for more information.

About Liquid Meta

Liquid Meta is a decentralized finance infrastructure and technology company that is powering the next generation of open-access protocols and applications. The Company is creating the bridge between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits anyone, anywhere.

To learn more visit Website | LinkedIn | Twitter 

Cautionary Notice

Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Liquid Meta to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks and Uncertainties" in the Company's Filing Statement dated as of December 17, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Liquid Meta's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

For further information:

Jonathan Wiesblatt, President, CEO
Liquid Meta Investor Relations
[email protected]
[email protected]

SOURCE Liquid Meta Capital Holdings Ltd