REG - Fragrant Prosperity - Board Changes

Fragrant Prosperity HoldingsAnnouncement

11/08/2025 07:00

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RNS Number : 7672U  Fragrant Prosperity Holdings Ltd  11 August 2025

11 August 2025

 

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Fragrant Prosperity Holdings Limited

 

("FPP" or the "Company")

 

Board Changes and award of options

Fragrant Prosperity Holdings Limited ("FPP" or the "Company") is pleased to
announce the appointment of Nicholas Gregory to its Board of Directors as
Non-Executive Director, with immediate effect.

 

Nicholas Gregory is a trained software engineer and experienced technology
thought leader with a breadth of experience in the fintech sector.

 

From 2016 to 2024, he served as the CEO of CommerceBlock, where he built the
Mercury Layer, the first Bitcoin statechain implementation, until he
engineered an exit for the business.

 

His technical expertise includes programming across multiple languages,
building compute grids, machine learning, and Bitcoin development. He has held
management roles at Wall Street banks, founded an asset management fund, and
served on the boards of CommerceBlock Ltd, Jacobi Asset Management (Holdings)
Ltd and Nukkleus Inc.

 

Nicholas replaces Danny Reshef, who has resigned from the board with immediate
effect, in order to facilitate greater depth of fintech expertise on the
board. Danny has served on the board of FPP for several years and has
contributed greatly to the business, the Board thanks him for his service and
wishes him every success for the future.

 

Nicholas Gregory currently sits on the board of Gregory Nico Ltd and in the
last five years has held the position of Director for CommerceBlock Ltd,
Nukkleus Inc and Jacobi Asset Management (Holdings) Ltd.

 

There is no information on Nicholas Gregory required to be disclosed under LR
9.6.13R (1) - (6) of the UKLA's Listing Rules and Nicholas holds no shares in
the Company.

 

 

Award of options

The Company has awarded a total of 15,000,000 options to certain directors
exercisable at 0.9 pence per share as follows:

 

Nicholas Gregory - 5,000,000

Simon Retter - 6,000,000

Richard Samuel - 2,000,000

Mahesh Pulandaran - 2,000,000

 

 

Chairmans Comment:  "I would like to welcome Nicholas to the board, he has a
great depth of experience that will prove very valuable to FPP and assist us
in our fintech strategy. He has an impressive track record and vision and the
Board look forward to working together with him as we plot our journey ahead.
I would also like to personally thank Danny for his service to the Company and
the Board wishes him every success in his future endeavours".

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of this announcement this
information is considered to be in the public domain.

 

- Ends -

 

 

Enquiries

 

 Fragrant Prosperity Holdings Limited  +44 (0)20 3137 1902

 Optiva Securities - Broker to FPP     +44 (0)20 3137 1903

 Vishal Balasingham

 

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