REG - Online Blockchain - Director/PDMR Shareholding

Online BlockchainAnnouncement

26/05/2023 11:30

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RNS Number : 8320A  Online Blockchain PLC  26 May 2023

For immediate release
26 May 2023
 
Online Blockchain PLC

("Online" or the "Company")

Director / PDMR shareholding
Issue of options and warrants

 

The Company announces that on 25 May 2023, the Board of directors of Online
agreed to award 550,000 options to subscribe for new ordinary shares of 5p
each ("Ordinary Shares") to Clement Chambers, Michael Hodges and Jonathan
Mullins, all directors of the Company. The options have been awarded pursuant
to the Company's existing share option scheme and approved by Bill Louden,
Non-executive Director of the Company.

 

The options vest in full with effect from 30 June 2023 and have an exercise
price of 15.5p per new Ordinary Share, a premium of approximately 15 per cent.
over the London closing mid-market price of 13.5p as at 25 May 2023.

 

In aggregate, the award of new options to the Directors represents
approximately 3.9 per cent. of the Company's current issued share capital.

 

Further details of the option awards are set out in the table below and in the
Appendix:

 

 Director          New options awarded  Exercise price  Vesting exercise date                       Exercise term
 Clement Chambers  225,000              15.5p           Vest in full with effect from 30 June 2023  7 years from vesting

 Michael Hodges    225,000              15.5p           Vest in full with effect from 30 June 2023  7 years from vesting

 Jonathan Mullins  100,000              15.5p           Vest in full with effect from 30 June 2023  7 years from vesting

 

In addition, the board of Directors of Online has agreed to award in aggregate
150,000 warrants over new ordinary shares to consultants and advisers to the
Company. The warrants vest in full with effect from 30 June 2023 and have an
exercise price of 15.5 pence per new ordinary share and must be exercised on
or before 30 June 2030.

 

In total, the number of all outstanding options and warrants following the
above awards amounts to 700,000, representing 4.9% of the existing issued
share capital.

 

A copy of this announcement is available on the Company's website, at
www.onlineblockchain.io (http://www.onlineblockchain.io)

 

Enquiries:

For further information please contact:

 

 Online Blockchain PLC

 Clement Chambers                                           +44 (0) 203 475 3484

 Beaumont Cornish Limited (Nominated Adviser)

 www.beaumontcornish.com (http://www.beaumontcornish.com)
 Roland Cornish/Michael Cornish                             +44 (0) 207 628 3396

 Cassiopeia Ltd (Investor Relations)                        stefania@cassiopeia-ltd.com (mailto:stefania@cassiopeia-ltd.com)

 Stefania Barbaglio

 

APPENDIX

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulations, provides further detail in respect of the
transactions as described above.

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                             Michael Hodges
 2   Reason for notification
 a)  Position / status                                                Chairman
 b)  Initial notification                                             Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                             Online Blockchain plc

 b)  LEI                                                              213800EYT2IXOZHDQC16

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description  of  the financial instrument, type of instrument    Ordinary shares of 5 pence each in Online Blockchain plc

     Identification code

                                                                      ISIN GB0006601479

     Nature of the transaction                                        Award of share options by the Company

     Price(s) and volumes(s)                                          Exercise Price(s)  Volumes(s)

                                                                £0.155             225,000 options

 d)  Aggregated information                                           n/a

 e)  Date of the transaction                                          25 May 2023

 f)  Place of the transaction                                         Outside a trading venue

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                             Clement Chambers
 2   Reason for notification
 a)  Position / status                                                Chief Executive
 b)  Initial notification                                             Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                             Online Blockchain plc

 b)  LEI                                                              213800EYT2IXOZHDQC16

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description  of  the financial instrument, type of instrument    Ordinary shares of 5 pence each in Online Blockchain plc

     Identification code

                                                                      ISIN GB0006601479

     Nature of the transaction                                        Award of share options by the Company

     Price(s) and volumes(s)                                          Exercise Price(s)  Volumes(s)

                                                                £0.155             225,000 options

 d)  Aggregated information                                           n/a

 e)  Date of the transaction                                          25 May 2023

 f)  Place of the transaction                                         Outside a trading venue

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                             Jonathan Mullins
 2   Reason for notification
 a)  Position / status                                                Technical Director
 b)  Initial notification                                             Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                             Online Blockchain plc

 b)  LEI                                                              213800EYT2IXOZHDQC16

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description  of  the financial instrument, type of instrument    Ordinary shares of 5 pence each in Online Blockchain plc

     Identification code

                                                                      ISIN GB0006601479

     Nature of the transaction                                        Award of share options by the Company

     Price(s) and volumes(s)                                          Exercise Price(s)  Volumes(s)

                                                                £0.155             100,000 options

 d)  Aggregated information                                           n/a

 e)  Date of the transaction                                          25 May 2023

 f)  Place of the transaction                                         Outside a trading venue

d)

Aggregated information

n/a

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

ENDS

 

 

 

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