REG-Quantum Blockchain Technologies Plc: REPO Rollover

Quantum Blockchain TechnologiesAnnouncement

02/10/2024 07:15

2 October 2024
Quantum Blockchain Technologies Plc
(”QBT” or ”the Company”)
Rollover of Director’s REPO
Following previous announcements made by the Company regarding the rollover of
the Sale & Repurchase Agreement (the “REPO”) entered into between the
Company’s CEO and Executive Chairman, Professor Francesco Gardin, and MC
Strategies AG (“MCS”), the Company has been informed that Professor Gardin
and MCS have agreed to amend the repurchase price and the repurchase date of
the REPO as follows:
* The term of the REPO under which Professor Gardin is to repurchase 5,000,000
ordinary shares of 0.25p each in the Company (“Ordinary Shares”) has been
extended from 30 September 2024 to 31 December 2024.
* The repurchase price for the 5,000,000 Ordinary Shares has been amended from
3.441p to per 3.483p share (representing a 5% yearly interest rate on the
initial purchase price of 3p). All other terms of the REPO remain unchanged.
 

In addition to the 5,000,000 Ordinary Shares which are the subject of the
REPO, Professor Gardin is currently the beneficial owner of further 29,284,149
Ordinary Shares. The 29,284,149 remaining shares represent the 2.27% of the
Company’s total issued share capital.

 

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, John Mackay   +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 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.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 

 1.  Details of the person discharging managerial responsibilities/person closely associated     
 a)  Name:                                         Francesco Gardin                              
 2.  Reason for the notification                                                                 
 a)  Position/status:                              CEO and Executive 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: Identification code:                   Ordinary shares of 0.25p each ISIN: GB00B50P5B53                                                    
 b)  Nature of the transaction:                                                                          Extension of expiry date of repurchase over 5,000,000 Ordinary Shares.                              
 c)  Price(s) and volume(s):                                                                             Price(s) Volume(s) 3.483p 5,000,000                                                                 
 d)  Aggregated information: Aggregated volume: Price:                                                   Single transaction as in 4 c) above Price(s) Volume(s) 3.483p 5,000,000                             
 e)  Date of the transaction:                                                                            30 September 2024                                                                                   
 f)  Place of the transaction:                                                                           Outside of a trading venue                                                                          

 



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