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0.365 0.015 (4.29%)

Bid:

0.35

Ask:

0.38

Spread: 0.03 (8.571%)

Market Cap: £5.87m

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IN BRIEF: Quantum Blockchain confident about ongoing court case

Fri, 12th Nov 2021 21:14

Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Notes ongoing legal proceedings in Italy regarding the legal action started by Sipiem, which was subsequently acquired by Clear Leisure 2017. Says another hearing date is fixed for January 12, 2022.

Chief Executive & Chair Francesco Gardin comments: "We are extremely pleased with the outcome of the hearing, as the court has paved the way for the filing of important written evidence in support of the claim against Sipiem's previous board and internal audit committee. The company looks forward with increasing confidence to the conclusion of this legal claim, whilst continuing to focus on its new research and development programme and related ventures."

Current stock price: 3.27 pence

Year-to-date change: up sharply from 0.27p

By Will Paige; willpaige@alliancenews.com