RE: Share Price Opinion27 Sep 2021 11:02
Quantum Blockchain Technologies Plc
(“QBT” or “the Company”)
Grant of Options to staff and key consultants
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to inform shareholders that, as part of its new research and development (‘R&D’) strategy in respect of disruptive proprietary technology for Bitcoin mining, the Company has entered into a number of consultancy agreements with UK and Italian based experts.
Pursuant to their contractual agreements with the Company certain consultants, members of the R&D team and in house staff have been granted a total of 22,500,000 options over new ordinary shares (the “Options”) of 0.25 pence each in the Company (“Ordinary Shares”) in two tranches as follows:
Options over 12,500,000 Ordinary Shares exercisable at 5 pence per new Ordinary Share with an exercise period of:
Options grantedExercise Period2,500,00006/05/2022 – 06/05/20245,000,00006/05/2022 – 06/05/20255,000,00006/05/2022 – 06/05/2026
Options over 10,000,000 Ordinary Shares exercisable at 10 pence per new Ordinary Share with an exercise period of:
Options grantedExercise Period5,000,00006/05/2023 – 06/05/20255,000,00006/05/2023 – 06/05/2026
Francesco Gardin, CEO and Chairman commented: “We are extremely pleased with the high standard
of quality of the Company’s R&D team and management, which is going to be a key factor in reaching positive R&D results in the short, medium and long term. On this note, the Company is happy to share risk and potential high returns with them.”