Quantum Blockchain Technologies Plc Exercise of Warrants
15 December 2021 - 06:00PM
UK Regulatory (RNS & others)
TIDMQBT
15 December 2021
Quantum Blockchain Technologies Plc
("QBT" or "the Company")
Exercise of 30m warrants at 2p,
Director's REPO agreement and grant of options to non-executive director
Exercise of warrants
The board of Quantum Blockchain Technologies (AIM: QBT) notifies that it has
today issued 30,000,000 ordinary shares ("Warrant Exercise Shares") at a price
of 2 pence per share, following the exercise of 30,000,000 warrants of the
100,000,000 warrants granted to Mr John Story issued as part of the placing
announced on 22 February 2021 ("February Placing"). Following this exercise, Mr
Story holds a remaining 52,500,000 warrants issued to him as part of the
February Placing.
The proceeds, amounting to £600,000 (before expenses), will further increase
QBT's working capital designated for its Research and Development ("R&D")
programme.
Application will be made for the 30,000,000 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 21 December 2021.
Following Admission of the Warrant Exercise Shares, the Company's total issued
share capital will comprise 945,051,851 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.
Director's REPO agreement
Francesco Gardin, the Chairman and Chief Executive Officer of the Company, has
entered into a sale & repurchase agreement ("REPO") with MC Strategies AG
("MCS") in respect of 5,000,0000 ordinary shares currently owned by Professor
Gardin in the Company (the "Agreement").
MCS is a Swiss company incorporated as part of a demerger of Eufingest SA
("Eufingest"). MCS and Eufingest have the same ultimate beneficial owner.
Professor Gardin has entered into the Agreement in order to fund the payment of
a tax bill.
The Agreement provides for MCS to buy 5,000,000 shares from Professor Gardin on
16 December 2021 for 3p per share and for Professor Gardin to repurchase the
same number of shares from MCS on 16 June 2022 for 3.185p per share.
In addition to the 5,000,000 shares which are the subject of the Agreement,
Professor Gardin is currently the beneficial owner of further 29,284,149 shares
in the Company. The 29,284,149 remaining shares represent the 3.1% of the
Company's total issued share capital (following the Admission of the Warrant
Exercise Shares).
Grant of Options to Non-Executive Director
The board of QBT is also pleased to inform shareholders that it has granted
Reginald Eccles (Non-executive director) with 5,000,000 options over new
ordinary shares (the "Options") of 0.25 pence each in the Company exercisable
at a price of 10p at any time before 1 December 2026.
The grant of the Options to Reginald Eccles has been treated as a related party
transaction pursuant to AIM Rule 13 of the AIM Rules for Companies. Francesco
Gardin, being the only director independent of the grant of Options considers,
having consulted with the Company's nominated adviser, that the terms of the
grant of Options are fair and reasonable insofar as the shareholders of the
Company are concerned.
The notification below is made in accordance with the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Francesco Gardin
2 Reason for the notification
a) Position/status Chief Executive Officer & Chairman
b) Initial Initial notification
notification /
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Quantum Blockchain Technologies Plc
b) LEI 213800FC5DEC582CRZ89
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 Ordinary shares of 0.25p each
the financial
instrument,
type of
instrument
Identification GB00BVFCZV34
code
b) Nature of the Sale of Shares
transaction
c) Price(s) and
volume(s)
Price(s) Volume(s)
3p 5,000,000
d) Aggregated
information
- Aggregated N/A single transaction
volume
- Price
e) Date of the 14 December 2021
transaction
f) Place of the Off Market
transaction
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Reginald Eccles
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial Initial notification
notification /
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Quantum Blockchain Technologies Plc
b) LEI 213800FC5DEC582CRZ89
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 Options over ordinary shares of 0.25p each
the financial
instrument,
type of
instrument
Identification GB00BVFCZV34
code
b) Nature of the Grant of Options
transaction
c) Price(s) and
volume(s)
Price(s) Volume(s)
10p 5,000,000
d) Aggregated
information
- Aggregated N/A single transaction
volume
- Price
e) Date of the 14 December 2021
transaction
f) Place of the Off Market
transaction
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 Plc
Francesco 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.
END
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