BLOC.L Regulatory News (BLOC)

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Blockchain Worldwide plc

("Blockchain" or the "Company")

Proposed Acquisition and Suspension of Listing

The Company has made a non-legally binding offer to acquire the entire issued share capital of Chorum Group Limited, a company that falls within the Company's stated investment strategy ("Acquisition"). The Acquisition is subject to legal, financial and other due diligence, entry into a legally binding agreement in respect of the Acquisition and a successful fundraise. As no binding agreement has been reached the directors of the Company cannot guarantee that the Acquisition will complete or provide any indication of a likely completion date.

Completion of the Acquisition would amount to a reverse takeover under the Listing Rules. The Company is currently unable to provide full disclosure in relation to the target company and accordingly has requested from the FCA a suspension of its listing with immediate effect. Listing of the Company's ordinary shares will remain suspended until such time as either the Acquisition, accompanying placing and re-admission is completed or a restoration request has been submitted and approved by the FCA.

The Company will continue to update the market as appropriate. 

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