Last checked at 31 Mar 2022 07:00
Quantum Blockchain Technologies Plc - Exercise of WarrantsQuantum Blockchain Technologies Plc - Exercise of Warrants
PR Newswire
London, March 31
31 March 2021
Quantum Blockchain Technologies Plc(“QBT” or “the Company”)
Exercise of Warrants
The board of Quantum Blockchain Technologies (AIM: QBT) notifies that it has today issued 17,500,000 new ordinary shares of 0.25 pence each (“Warrant Exercise Shares”) at a price of 2 pence per share, following the exercise of 17,500,000 warrants of the 100,000,000 warrants granted to Mr John Story and issued as part of the placing announced on 22 February 2021 (“February Placing”). Following this exercise, Mr Story has exercised all the 100,000,000 issued to him as part of the February Placing.
The proceeds, amounting to £350,000 (before expenses), will further increase QBT’s working capital designated for its Research and Development (“R&D”) programme.
Application will be made for the 17,500,000 Warrant Exercise Shares, which will rank pari passu with the existing ordinary shares in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective, and dealings will commence at 8:00 a.m. on or around 6 April 2022.
Following Admission of the Warrant Exercise Shares, the Company’s total issued share capital will comprise 997,551,851 ordinary shares of 0.25 pence each. This 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 in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For further information please contact:
Quantum Blockchain Technologies PlcFrancesco Gardin, CEO and Executive Chairman +39 335 296573
SP Angel Corporate Finance (Nominated Adviser & Broker)Jeff Keating +44 (0)20 3470 0470
Leander (Financial PR)Christian Taylor-Wilkinson +44 (0) 7795 168 157
About Quantum Blockchain Technologies Plc
QBT (AIM: QBT) is an AIM listed investment company which has recently realigned its strategic focus to technology related investments, with special regard to Quantum computing, Blockchain, Cryptocurrencies and AI sectors. The Company has commenced an aggressive R&D and investment programme in the dynamic world of Blockchain Technology, which includes cryptocurrency mining and other advanced blockchain applications.