REG-Quantum Blockchain Technologies Plc: Exercise of Warrants
15/12/2021 07:05
15 December 2021
Quantum Blockchain Technologies Plc
(“QBT” or “the Company”)
Exercise of 30m warrants at 2p,
Director’s REPO agreement and grant of options to non-executive director
Exercise of warrants
The board of Quantum Blockchain Technologies (AIM: QBT) notifies that it has
today issued 30,000,000 ordinary shares (“Warrant Exercise Shares”) at a
price of 2 pence per share, following the exercise of 30,000,000 warrants of
the 100,000,000 warrants granted to Mr John Story issued as part of the
placing announced on 22 February 2021 (“February Placing”). Following this
exercise, Mr Story holds a remaining 52,500,000 warrants issued to him as part
of the February Placing.
The proceeds, amounting to £600,000 (before expenses), will further increase
QBT’s working capital designated for its Research and Development
(“R&D”) programme.
Application will be made for the 30,000,000 Warrant Exercise Shares, which
will rank pari passu with the existing ordinary shares in the Company
(“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). It
is expected that Admission will become effective, and dealings will commence
at 8:00 a.m. on or around 21 December 2021.
Following Admission of the Warrant Exercise Shares, the Company’s total
issued share capital will comprise 945,051,851 ordinary shares of 0.25 pence
each. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the
Company under the FCA’s Disclosure and Transparency Rules.
Director’s REPO agreement
Francesco Gardin, the Chairman and Chief Executive Officer of the Company, has
entered into a sale & repurchase agreement (“REPO”) with MC Strategies AG
(“MCS”) in respect of 5,000,0000 ordinary shares currently owned by
Professor Gardin in the Company (the "Agreement").
MCS is a Swiss company incorporated as part of a demerger of Eufingest SA
(“Eufingest”). MCS and Eufingest have the same ultimate beneficial owner.
Professor Gardin has entered into the Agreement in order to fund the payment
of a tax bill.
The Agreement provides for MCS to buy 5,000,000 shares from Professor Gardin
on 16 December 2021 for 3p per share and for Professor Gardin to repurchase
the same number of shares from MCS on 16 June 2022 for 3.185p per share.
In addition to the 5,000,000 shares which are the subject of the Agreement,
Professor Gardin is currently the beneficial owner of further 29,284,149
shares in the Company. The 29,284,149 remaining shares represent the 3.1% of
the Company’s total issued share capital (following the Admission of the
Warrant Exercise Shares).
Grant of Options to Non-Executive Director
The board of QBT is also pleased to inform shareholders that it has granted
Reginald Eccles (Non-executive director) with 5,000,000 options over new
ordinary shares (the “Options”) of 0.25 pence each in the Company
exercisable at a price of 10p at any time before 1 December 2026.
The grant of the Options to Reginald Eccles has been treated as a related
party transaction pursuant to AIM Rule 13 of the AIM Rules for Companies.
Francesco Gardin, being the only director independent of the grant of Options
considers, having consulted with the Company’s nominated adviser, that the
terms of the grant of Options are fair and reasonable insofar as the
shareholders of the Company are concerned.
The notification below is made in accordance with the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Francesco Gardin
2 Reason for the notification
a) Position/status Chief Executive Officer & Chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Quantum Blockchain Technologies Plc
b) LEI 213800FC5DEC582CRZ89
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 0.25p each
Identification code GB00BVFCZV34
b) Nature of the transaction Sale of Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
3p 5,000,000
d) Aggregated information
- Aggregated volume N/A single transaction
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off Market
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Reginald Eccles
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Quantum Blockchain Technologies Plc
b) LEI 213800FC5DEC582CRZ89
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 Options over ordinary shares of 0.25p each
Identification code GB00BVFCZV34
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s)
Price(s) Volume(s)
10p 5,000,000
d) Aggregated information
- Aggregated volume N/A single transaction
- Price
e) Date of the transaction 14 December 2021
f) Place of the transaction Off Market
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.
For further information please contact:
Quantum Blockchain Technologies Plc
Francesco Gardin, CEO and Executive Chairman
+39 335 296573
SP Angel Corporate Finance (Nominated Adviser & Broker)
Jeff Keating
+44 (0)20
3470 0470
Leander (Financial PR)
Christian Taylor-Wilkinson
+44 (0) 7795 168 157
About Quantum Blockchain Technologies Plc
QBT (AIM: QBT) is an AIM listed investment company which has recently
realigned its strategic focus to technology related investments, with special
regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The
Company has commenced an aggressive R&D and investment programme in the
dynamic world of Blockchain Technology, which includes cryptocurrency mining
and other advanced blockchain applications.
Copyright (c) 2021 PR Newswire Association,LLC. All Rights ReservedRecent news on Quantum Blockchain Technologies
See all newsREG-Quantum Blockchain Technologies Plc: Non-Disclosure Agreement
AnnouncementREG-Quantum Blockchain Technologies Plc: Bitcoin Conference Review
AnnouncementREG-Quantum Blockchain Technologies Plc: Business Update
AnnouncementREG - AIM - AIM Notice - 28/01/2025
AnnouncementREG-Quantum Blockchain Technologies Plc: Rollover of REPO
Announcement