Dispersion Holdings - Result of General Meeting

Supernova Digital Assets

26/10/2021 17:57

RNS Number : 3456Q

Dispersion Holdings PLC

26 October 2021

 

Press Release

26 October 2021 

 

Dispersion Holdings PLC

("Dispersion" or "The Company") 

Result of GM, Completion of Acquisitions and Board Changes

Dispersion (AQSE: DEFI), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce that at the Company's General Meeting held earlier today, all resolutions were duly passed.

 

The passing of the resolutions enables the completion of the acquisitions of Accru Finance Limited ("Accru") and DeFi Yield Technologies Inc. ("DFTI") which were announced on 18 October 2021 and 25 October 2021 respectively.

 

The consideration for the acquisition of Accru is the issue of 250,000,000 new ordinary shares in the Company and the consideration for the acquisition of DFTI is the issue of 348,725,646 new ordinary shares in the Company. These shares will be admitted to trading on AQSE on 29 October 2021.

The new ordinary shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the new ordinary shares, the Company's issued share capital will comprise 1,221,225,646 ordinary shares of 0.1p (including the 598,725,646 new ordinary shares). The above figure of 1,221,225,646 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

As announced on 18 October 2021, following the completion of the Accru acquisition, Philip Blows and Digby Try are being appointed as directors of Dispersion. Mr Blows has been appointed chief executive and Mike Edwards becomes executive chairman.

 

The following information is disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

 

Current Directorships
Past Directorships
Philip Blows
Accru Finance Limited
Crossbones London Limited
Digby Try
-
FFS Provo Limited

 

There is no further information to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

 

Philip Blows, chief executive of Dispersion Holdings, said: "The acquisition of both Accru Finance and DeFi Yield Technologies is a significant development for Dispersion and will enable the Company to accelerate and execute our long-term growth strategies within the burgeoning DeFi market sector."

 

The directors of Dispersion Holdings plc accept responsibility for this announcement.

 

 

For further information please contact:

Dispersion Holdings
Mike Edwards
Executive Chairman
Philip Blows
Chief Executive
Neil Thapar
Investor Relations
via Tancredi +44 207 887 7633
+44 7876 455 323
Novum Securities
AQSE Corporate Adviser
David Coffman / Lucy Bowden
Broker
Colin Rowbury / Jon Belliss
+44 207 399 9400
Tancredi Intelligent Communication
Media Relations
Edward Daly
Salamander Davoudi
dispersion@tancredigroup.com
+44 7861 430 057
+44 7957 549 906

 

About Dispersion Holdings PLC:

Dispersion Holdings is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.dispersionholdings.com

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