Arqit clarifies certain Form 144 filings
03 April 2024 - 11:00PM
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in
quantum-safe encryption, announced today clarification regarding
certain Form 144 filings. On a routine basis, Form 144 filings are
made by officers and directors of the Company in connection with
shares sold to cover tax obligations arising from the vesting of
compensatory equity grants (also known as "sale to cover"
transactions). Such “sale to cover” transactions do not represent
any discretionary sales by those officers and directors. Commencing
with Form 144 filings in April 2024, Fidelity Stock Plan Services,
which administers Arqit’s employee share plan, will denote “sale to
cover” transactions in relevant Form 144 filings for greater
transparency.
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit)
supplies a unique encryption Platform as a Service which makes the
communications links of any networked device, cloud machine or data
at rest secure against both current and future forms of attack on
encryption – even from a quantum computer. Compliant with NSA
standards and RFC 8784, Arqit’s Symmetric Key Agreement Platform
delivers a lightweight software agent that allows devices to create
encryption keys locally in partnership with any number of other
devices. The keys are computationally secure and operate over zero
trust networks. It can create limitless volumes of keys with any
group size and refresh rate and can regulate the secure entrance
and exit of a device in a group. The agent is lightweight and will
thus run on the smallest of end point devices. The Product sits
within a growing portfolio of granted patents. It also works in a
standards compliant manner which does not oblige customers to make
a disruptive rip and replace of their technology. Winner of two
Global Mobile Awards, The Best Mobile Security Solution and The CTO
Choice Award for Outstanding Mobile Technology, at Mobile World
Congress 2024. Recognised for groundbreaking innovation at the 2023
Institution of Engineering and Technology Awards. Winners of the
National Cyber Awards’ Innovation in Cyber Award and the Cyber
Security Awards’ Cyber Security Software Company of the Year Award.
Arqit is ISO 27001 Standard certified. www.arqit.uk
Media relations
enquiries:Arqit: pr@arqit.uk
Investor relations
enquiries:Arqit:
investorrelations@arqit.uk Gateway:
arqit@gateway-grp.com
Caution About Forward-Looking Statements
This communication includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical facts, may be forward-looking statements. These
forward-looking statements are based on Arqit’s expectations and
beliefs concerning future events and involve risks and
uncertainties that may cause actual results to differ materially
from current expectations. These factors are difficult to predict
accurately and may be beyond Arqit’s control. Forward-looking
statements in this communication or elsewhere speak only as of the
date made. New uncertainties and risks arise from time to time, and
it is impossible for Arqit to predict these events or how they may
affect it. Except as required by law, Arqit does not have any duty
to, and does not intend to, update or revise the forward-looking
statements in this communication or elsewhere after the date this
communication is issued. In light of these risks and uncertainties,
investors should keep in mind that results, events or developments
discussed in any forward-looking statement made in this
communication may not occur. Uncertainties and risk factors that
could affect Arqit’s future performance and cause results to differ
from the forward-looking statements in this release include, but
are not limited to: (i) the outcome of any legal proceedings that
may be instituted against the Arqit, (ii) the ability to maintain
the listing of Arqit’s securities on a national securities
exchange, (iii) changes in the competitive and regulated industries
in which Arqit operates, variations in operating performance across
competitors and changes in laws and regulations affecting Arqit’s
business, (iv) the ability to implement business plans, forecasts,
and other expectations, and identify and realise additional
opportunities, (v) the potential inability of Arqit to successfully
deliver its operational technology, (vi) the risk of interruption
or failure of Arqit’s information technology and communications
system, (vii) the enforceability of Arqit’s intellectual property,
and (viii) other risks and uncertainties set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in Arqit’s annual report on Form 20-F
(the “Form 20-F”), filed with the U.S. Securities and Exchange
Commission (the “SEC”) on 21 November 2023 and in subsequent
filings with the SEC. While the list of factors discussed above and
in the Form 20-F and other SEC filings are considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Unlisted
factors may present significant additional obstacles to the
realisation of forward-looking statements.
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