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2 May 2018 07:00
For immediate release
2 May 2018
Online Blockchain PLC
("Online" or the "Company")
Director / PDMR shareholding
Issue of options and warrants
The Company announces that on 1 May 2018, the board of directors of Online agreed to award 50,000 options over new ordinary shares to William Louden, a director of the Company. The options vest in full with effect from 31 May 2018 and have an exercise price of 48.5 pence per new ordinary share, being the London closing mid-market price as at 1 May 2018, and must be exercised on or before 1 September 2022. The option award represents approximately 0.58% of the current issued share capital of 8,662,348 ordinary shares.
In addition, the board of directors of Online has agreed to award in aggregate 200,000 warrants over new ordinary shares to consultants and advisers to the Company. The warrants vest in full with effect from 31 October 2018 and have an exercise price of 48.5 pence per new ordinary share and must be exercised on or before 31 October 2022.
Accordingly, the Company makes the following announcement notification in accordance with Article 19 of the EU Market Abuse Regulation No. 596/2014:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | William Louden | ||||
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 | Online Blockchain plc | ||||
b) | LEI | 213800EYT2IXOZHDQC16 | ||||
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.
Identification code | Options over ordinary shares of 5 pence each
GB0006601479
| ||||
b) | Nature of transaction | Award of options to subscribe for Ordinary Shares | ||||
c) | Price(s) and volume(s) | Exercise Price(s) | Volume(s) | |||
48.5 pence | 50,000 | |||||
d) | Aggregated information - Aggregated volume - Price | See 4(c) above | ||||
e) | Date of the transaction | 1 May 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
A copy of this announcement is available on the Company's website, at www.onlineblockchain.io
Enquiries:
For further information please contact:
Online Blockchain PLC Clement Chambers |
+44 (0) 207 070 0909 | |
Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com | ||
Roland Cornish/Michael Cornish
| +44 (0) 207 628 3396 | |
Smaller Company Capital Limited (Broker) | +44 (0) 203 651 2910 | |
Jeremy Woodgate
| ||
Cassiopeia Ltd (Investor Relations) Stefania Barbaglio | stefania@cassiopeia-ltd.com | |
ENDS
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