REG-Quantum Blockchain Technologies Plc: Placing

Quantum Blockchain TechnologiesAnnouncement

23/01/2025 07:15

23 January 2025

 

Quantum Blockchain Technologies Plc
(“Quantum Blockchain Technologies” or “the Company”)

 

 

Placing to Raise £2 million

 

The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to announce
that it has raised £2,000,000 (before expenses) through the placing of
173,913,044 new ordinary shares of 0.25 pence each in the Company (“Placing
Shares”) at a price of 1.15 pence per Placing Share (the “Placing”).

 

The net proceeds of the Placing will allow the Company to continue investing
in its cryptocurrency R&D programmes including, but not limited to, funding
the expansion of the R&D team and the purchase of hardware and software to
assist with the Company’s R&D developments, funding of ongoing legal costs
associated with the Company’s legacy assets, and to support its existing
investment portfolio as well as to provide general working capital.

 

Application will be made for the Placing Shares to be admitted to trading on
AIM with admission expected to occur on or around 28 January 2025. The Placing
Shares will rank pari passu with the Company’s existing ordinary shares.

 

Following admission of the Placing Shares, the Company’s issued share
capital will comprise 1,465,226,799 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.

 

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.

 

-ends-

 

For further information please contact:

 

Quantum Blockchain Technologies Plc    +39 335 296573

Francesco Gardin, CEO and Executive Chairman

 

SP Angel Corporate Finance (Nominated Adviser & Broker) +44 (0) 20 3470 0470

Jeff Keating

 

Leander (Financial PR)      +44 (0) 7795 168 157

Christian Taylor-Wilkinson

 

About Quantum Blockchain Technologies Plc

 

QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development
and investing company focused on an intensive R&D programme to disrupt the
Blockchain Technologies sector, and which includes, cryptocurrency mining and
other advanced blockchain applications. The primary goal of the R&D programme
is to develop Bitcoin mining tools and techniques, via its technology-driven
approach, which the Company believes will significantly outperform existing
market practices.

 



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