Investments Update and Notice of General Meeting
11/04/2023 07:00
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RNS Number : 7134V NFT Investments PLC 11 April 2023
Press Release
11 April 2023
NFT Investments PLC
("NFT Investments" or "the Company")
NTF Investments to purchase up to 30.5M GBP in shares
and
Notice of General Meeting
On 20 March 2023, the Company announced that:
· it intended to return value to Shareholders at the latest following the
Bitcoin halving currently anticipated to take place in April 2024;
· it intended to achieve this by purchasing its own shares through a
tender offer under which Shareholders would have the opportunity to sell
shares on a pro-rata basis; and
· a purchase of shares by tender offer would be subject to both
Shareholder approval and the consent of the Court to a reduction of capital
required to create distributable reserves.
The tender offer will be for a maximum of 857,142,857 shares. The Tender Offer
price has not been set but will be a maximum of whichever is the greater of
3.5p per share and an amount equal to the Net Asset Value per share as
announced by the Company on a Regulatory Information Service from time to time
Your Board is convening a General Meeting to be held on 26 May 2023 at 10:00
a.m. at the offices of Fladgate LLP, 16 Great Queen Street, London, WC2B 5DG
in order to seek the Shareholder approvals referred to above.
The formal notice of the General Meeting will be posted to all shareholders
today and will be available to download from the company's website
www.nftinvest.pro (http://www.nftinvest.pro) from that date.
The Directors of NFT Investments PLC take responsibility for this
announcement.
For further information please contact:
NFT Investments
Jonathan Bixby +44 7876 888 011
Executive Chairman
First Sentinel
Corporate Adviser +44 7876 888 011
Brian Stockbridge
Tennyson Securities
Corporate Broker +44 207 186 9030
Peter Krens
About NFT Investments:
NFT Investments PLC invests in a diversified portfolio of cryptocurrency,
and/or in companies or funds which have exposure to NFT or blockchain
technology. The Company's leadership team have an extensive track record in
the cryptocurrency sector and previously founded Argo Blockchain PLC, a
global crypto miner. NFT Investments is headquartered in London, UK and its
shares are listed on the Aquis Stock Exchange Growth Market under the ticker
symbol NFT. https://www.nftinvest.pro/ (https://www.nftinvest.pro/)
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