1 Dec 2023 07:00
01 December 2023
NFT Investments PLC
("NFT Investments" or the "Company")
Exercise of Warrants and Issue of Shares
NFT Investments PLC (AQSE: NFT), an investment firm specialising in the market for non-fungible tokens ("NFTs"), announces that it has received notice from Timothy Vincent Le Druillenec Non-Executive Director of the Company to exercise warrants over 1,000,000 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 1p per Ordinary Share ("New Ordinary Shares"). As a result, the Company will issue 1,000,000 new Ordinary Shares to the exercising warrant holder.
Following the Exercise, Timothy Vincent Le Druillenec holds 5,000,000 Ordinary Shares in the Company, which represents approximately 0.50% of the enlarged issued share capital of the Company. Additionally, Timothy Vincent Le Druillenec holds 2 million warrants with an exercise price of 1p per Ordinary Share that remain unexercised.
Application will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 6 December 2023.
Total Voting Rights
Following Admission, the Company's total issued and voting share capital will consist of 1,009,000,000 Ordinary Shares. The Company does not hold any ordinary shares in treasury.
The above figure may be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.
The directors of NFT Investments accept responsibility for this announcement.
For further information please contact:
NFT Investments | |
Jonathan Bixby Executive Chairman | +44 20 3855 5551
|
First Sentinel Corporate Finance | |
Corporate Adviser Brian Stockbridge
| +44 20 3855 5551 |
About NFT Investments:
NFT Investments PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. NFT Investments is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol NFT. https://www.nftinvest.pro/
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Timothy Le Druillenec | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-executive director | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | NFT Investments PLC | ||||
b) | LEI | 984500E15WF052FFEB19 | ||||
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 | Ordinary shares of £0.001 each | ||||
Identification Code | GB00BMW34204 | |||||
b) | Nature of the transaction | Exercise of warrant | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Single transaction, see details in item (c) above | ||||
e) | Date of the transaction | 28 November 2023 | ||||
f) | Place of the Transaction | Outside a trading venue | ||||